Business

UPDATE Deputy Bronx BP Janet Peguero Resigns to Focus on Family & Amid Kingsbridge Armory Lawsuit Drama

By SÍLE MOLONEY
Bronx Borough President Vanessa Gibson announced on Monday, April 7, that Deputy Bronx Borough President Janet Peguero has resigned to focus on her family. The news follows rumors of her apparent resignation in recent weeks following the filing of a lawsuit by a rival bidder, Agallas Equities, in which Peguero, Gibson, Andrew Kimball, CEO of New York City’s Econmic Development Corporation (EDC) were named, and challenged the integrity of the bidding / request for proposal process surrounding the redevelopment of the Kingsbridge Armory. The winning bidder / chosen developer, Madd Equities, was also named in the lawsuit.

Salamanca Secures Spot on Democratic Ballot for Election as Bronx BP

By SÍLE MOLONEY
City Council Member Rafael Salamanca Jr. (C.D. 17) announced on Wednesday, April 2, that he has submitted over 11,000 petition signatures to NYC Board of Elections to officially qualify for the ballot in the upcoming Democratic primary race for Bronx borough president which takes place in June 2025.

Regal Movie Theater Opens at Concourse Plaza

By ARIEL PACHECO
The Regal Concourse movie theater held its grand opening, as promised, on March 18 at the former site of Multiplex Cinema, which closed in May 2024, on Concourse Plaza in the Concourse section of The Bronx. The latest opening now brings the number of movie theaters in the borough to a grand total of two, the other being The Mall at Bay Plaza in the East Bronx.

Kingsbridge Heights: Man Sought for Slashing Incident

By by SÍLE MOLONEY
The NYPD is asking for the public’s help identifying the person seen in the attached photos and video who they say is sought in connection to an assault that occurred in Kingsbridge Heights. 

UPDATE: Lawsuit Filed Against EDC, Developer & Bronx Politicians Challenging Kingsbridge Armory RFP Selection

By SÍLE MOLONEY
Agallas Equities, a Manhattan-based real estate firm, announced on Friday, March 28, the filing of a lawsuit against NYC Economic Development Corporation (EDC), 8th Regiment Partners LLC, a joint venture of Maddd Equities and Joy Construction, Bronx Borough President Vanessa Gibson and Deputy Bronx Borough President Janet Peguero over what it alleges was “the controversial selection” of a rival, chosen developer for the Kingsbridge Armory redevelopment project, as announced in January.