Related Companies continues to sell of its portfolio of apartments. Quality Communities, LP, borrowed $41.6 million Sterling National Bank for the acquisition and renovation of 12 rent-stabilized apartment properties from Related at five physical locations in the Bronx.

July 13, 2018 Comments Off on Major League Soccer Could Get Its Own Stadium in the Bronx Views: 3542 New York News, Uptown/Bronx New York

Major League Soccer Could Get Its Own Stadium in the Bronx

The New York City Football Club, a Major League Soccer franchise co-owned by the Yankees, may have a stadium to call its own in the Bronx. The team’s ownership is talking with the de Blasio administration about building a soccer stadium as part of a 20-acre, multibillion-dollar mixed-use development near Yankee Stadium.

A partnership of Jorge Madruga of Maddd Equities and Eli Weiss of Joy Construction would handle the development project, which would also include residential and hotel components. “We think the stadium is added value to the entire neighborhood,” Weiss told the New York Times.

Another possible site, deputy mayor Alicia Glen told the NYT, would be in Queens, near the Mets’ Citi Field. “It would be a good thing to have a stadium specifically designed for soccer in a global city as incredibly diverse as New York,” said Glen. “We’re going to have the World Cup in 2026.”

Read more at NY Times


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