Kelly Street Restoration LP announces a Request for Proposals for the newly redesigned 935 Kelly Street commercial space 
Kelly Street Restoration LP announces a Request for Proposals for the newly redesigned 935 Kelly Street commercial space
Seeking an operator to provide fresh, healthy food options in the South Bronx
Significant incentives provided to ensure long term success.
Kelly Street Restoration LP (KSR) announces the launch of their Request for Proposals seeking an operator for the newly designed commercial space at 935 Kelly St in the Bronx. KSR is actively seeking proposals from individuals, companies, or organizations to lease, operate, and maintain any portion up to and including the full 2,822 square feet of commercial space that is part of the Kelly Street Portfolio. Specifically, KSR is looking to fill the commercial space with a business use that will produce significant impact in the following three areas:
In order to help ensure the success of this new venture, KSR will offer the following:
"I am excited about the release of this new RFP for the newly redesigned Kelly Street commercial space. This new proposal will not only help grow our economy by creating much needed jobs, but is also a positive step toward improving the health of countless Bronxites by seeking a business that provides access to affordable, healthy and fresh food in a neighborhood that is currently underserved,” said Bronx Borough President Ruben Diaz Jr.
In addition, GrowNYC, a key strategic partner, will help secure one or more New York farm(s) to supply the awardee with a continuous pipeline of fresh food for use in this project. Finally, KSR has initiated conversations with various financial and philanthropic partners and will work with them and the awardee to help defray or absorb up to $150,000 of the capital costs (through a combination of grants and low interest loans) associated with the winning proposal.
“For too long, Kelly Street was seen as an eye-sore with few opportunities, but with the redevelopment underway and the release of this RFP, we are seeing the turnaround of Kelly Street. I applaud Kelly Street Restoration’s vision, for recognizing that access to healthy, affordable food is a critical part of a healthy community. KSR is pushing the envelope of what an affordable housing project can do to address the needs of its residents and neighbors, and I look forward to seeing the proposals that are submitted for this commercial space,” said City Council Speaker Christine C. Quinn.
“GrowNYC is proud to partner with KSR. Only in New York could you find such a great opportunity for a budding entrepreneur. We’re able to deliver high-quality product from our regional farmers, putting money in their pockets, and work alongside the RFP winner to provide a needed amenity for an underserved community: a beautifully designed hub where all Bronx residents can purchase healthy, local food,” said Marcel Van Ooyen, Executive Director of GrowNYC.
As a long-term owner and developer, KSR has deep understanding of affordable housing and the complexities of long term ownership. Green food initiatives in NYC are a growing concern. KSR has assembled a broad and diverse team to analyze the submissions, to advise respondents about their submissions in order to refine them, and ultimately, to recommend the winning proposal. The Advisory Committee members with more practical day to day experience of running a commercial enterprise will offer mentoring on an on-going basis for the awardee.
“This type of endeavor was always in our plans,” said John A. Crotty, Partner at Workforce Housing Advisors (a member of the KSR team), “but we are affordable housing developers. Collectively, the KSR team decided that it was better to let the private sector deliver the best proposal to reach our goal in creating an outstanding use of the space with the incentives we have spelled out. We are lucky to have a committee with such deep and diverse experience to analyze the proposals, shape the final product and recommend the best plan. We are grateful for their time and effort. We think the result will be transformative for the neighborhood.”
The Advisory Committee (to date):
To obtain a copy of the RFP, visit www.kellystgreen.com. Questions, contact Ilana at ibm@wfhadvisors.com or call 646-484-6399.
Kelly Street Restoration Project Partners:
- Workforce Housing Advisors (WFHA) is a for profit affordable housing development firm that specializes in re-purposing distressed multifamily real estate in the New York metropolitan area. WFHA works collaboratively with for-profit, not-for-profit, and government partners to reposition financially and physically distressed properties as long term affordable housing resources. Among other projects, WFHA is currently rehabilitating 1520 Sedgwick Avenue, “The Birthplace of Hip Hop”.
- Monadnock Construction was established in 1975 and has grown into one of the largest and most reputable residential contractors in the New York area. Monadnock’s operations are supported by a staff that is experienced in all aspects of government compliance and reporting. Monadnock has a Contractors Controlled Insurance Program (CCIP) with dedicated safety staff monitoring all projects and a large bonding capacity from a AAA- rated company.
- Banana Kelly Community Improvement Association (BK) was founded in 1978 and is registered as a 501 (c)(3) non-profit. BK is recognized by the community they serve and by New York City at large, as committed to the growth and independence of individuals, families, and to the self-sufficiency of the Longwood – Hunts Point community as a whole.
851 Grand Concourse Ste. 301
Bronx, New York 10451
(718) 590-3500
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