Property Management
Fuel the Need
For 60 years, the 0.62-acre site off a busy road in the Bronx was a Shell gas station. Soon it will house hundreds of people in a seven-story, 120,000-square-foot apartment building with a Staples store on the ground level.Woodmere, N.Y.-based Arker Cos. started construction on the$27 million affordable housing project last fall, after winning support from the New York State Brownfields Cleanup Program. When the gas station property was put up for sale, Arker saw the site's potential based on its location: It sits in a commercial district along a heavily traveled road with several five- and six-story apartment buildings nearby.
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