The MTA chose a developer to create the first electric bus charging station in the Bronx, though it’s unclear what else is planned for the site.
Photo Marc A. Hermann, MTA
The MTA has chosen a developer to construct the first electric bus charging station in the Bronx on unused land adjacent to the Gun Hill Road Bus Depot, though it’s unclear what else the site will be used for.
The 1910 Bartow Ave. site sits between East Gun Hill Road and Edson Avenue, right beside the New England Thruway.
The agency put out a Request for Proposals (RFP) in 2022 to develop 550,000 square feet of the MTA-owned land and the agency announced Sunday that Madison Capital, a real estate investment and operating company, has been approved by the MTA Board to build the core and shell for the bus charging facility.
According to the MTA, Madison Capital will fund the construction of the MTA facility and pay “substantial” ground rent to the agency, which is when a leasee owns the building but not the property. The lease lasts 99 years, according to MTA spokesperson Eugene Resnick.
“We are honored to be chosen by the MTA for this transformative project,” said Jonathan Nachmani, managing director at Madison Capital. “Our team is excited to work alongside the MTA and local stakeholders to make a lasting positive impact, setting a model for future urban renewal initiatives across New York City.”
According to the MTA, Madison Capital will pay rent with revenue the company generates from the development. When asked where the revenue will come from, MTA spokesperson Meghan Keegan said the company will develop the site into an industrial facility “with uses complementary to MTA’s electric bus charging facility.”
It’s unclear what those uses are exactly, however.
When asked for elaboration on how Madison will use the site, Resnick similarly said the facility will be focused on “sustainable urban development with uses that will complement…
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