© 2019 Cactus Holdings All Rights Reserved.

Western Beef parent company files plans for 159-unit project in northern Bronx [therealdeal.com]

March 4, 2019

 

Article originally published by therealdeal.com

 

The holding company that controls discount supermarket Western Beef is planning to build a 159-unit mixed-use building in the Bronx.

 

Peter Castellana’s Cactus Holdings filed plans with the city’s Department of Buildings for a project at 4720 Third Avenue that will span nearly 191,000 square feet. The company and Michael Ashkenazy bought that site, along with 4734 Third Avenue and 448 East 189th Street, in 2018 for $18 million from Mayo Associates. The parcels are currently parking lots.

 

The nine-story building will be split between about 128,000 square feet of residential space, 61,000 square feet of commercial space and 900 square feet of community space.

Cactus and Ashkenazy have partnered on other middle-market investment sales in the last two years, including a $19 million commercial condo in the Upper West Side.

 

Cactus also owns properties in Kingsbridge, Foxhurst, Morisania, West Bronx, Soundview, Belmont, Morris Park and Mott Haven, according to its website.

 

Other projects coming to the Bronx include a multifamily buildingfrom Brooklyn investor Shimshon Grunstein at 550 Trinity Avenue and a two-tower project from Omnibuild at 290 East 149th Street with 124 units.

Share on Facebook
Share on Twitter
Please reload

Featured Posts

The Castellana Foundation recognized by Fundezpaz NYC for sponsoring home construction projects for those in need

October 18, 2019

1/10
Please reload

Recent Posts
Please reload

Archive