4. Retail Galore

mall at bay plaza-shopping-bronx-new york city-untapped cities-brennan ortizRendering of The Mall at Bay Plaza Entrance via The Mall at Bay Plaza.

The Bronx has long lacked the kind of retail variety that some of the other boroughs offer, prompting Bronxites to travel to Westchester or the other boroughs to shop. This will no longer be the case after 1.4 million square feet of retail space comes to the borough. The Bronx is bound to become a retail oasis with at least five shopping centers scheduled to open soon. This sudden growth in retail has been spurred by the success of the Bronx Terminal Market just south of Yankee Stadium. Retailers have already claimed space in some of the anticipated developments.

riverdale crossing-shopping center-bronx-new york city-untapped cities-brennan ortizRendering of Riverdale Crossing via Real Estate Weekly.

Among the many locations set to open is the Mall at Bay Plaza, which will be New York’s first enclosed shopping mall in nearly 40 years and will also debut the Bronx’s first H&M, among other chains such as Michael Kors, American Eagle and even an Olive Garden. The Mall at Bay Plaza will be an expansion of the existing Bay Plaza Shopping Center, and will house all its retailers under one roof. It is expected to be completed by summer this year.

There’s also the Broadway Plaza Shopping Center in Kingsbridge, whose developer sought to increase its size by 33,000 square feet. We can expect to see German supermarket chain Aldi, along with TJ Maxx and other smaller businesses in the center to open during the second quarter of 2015

Other shopping centers include Riverdale Crossing set to open this coming June and The Crossings at Southern which will open its doors in the fall of 2015. These are just a few of the many retail developments bound to sweep the borough.