Redevelopment Models and Analysis of the Kingsbridge Armory

The Kingsbridge Armory in the Bronx is a 575,000 square ft space that has been predominately vacant since 1994. The City is currently seeking a sustainable redevel­opment plan for the Armory that is appro­priate for the local community. The Capstone team was engaged to work with the Office of the Bronx Borough President and the Kingsbridge Armory Task Force to develop financial models for the redevel­opment of the Kingsbridge Armory. The Capstone team conducted a literature review, interviews, and a retail survey of the Kingsbridge neighborhood. As a final deliverable the team developed three financial models for the redevelopment along with baseline criteria to use to eval­uate future Request for Proposals to rede­velop the space.