20 Oct Stagg Group purchases Whitlock Avenue property with plans to build affordable housing
What was once home to a shuttered plastics factory and several single-story parking garages in the south Bronx will soon yield an affordable housing project with 542 apartments. In October, it was announced that the Stagg Group recently purchased 1125 Whitlock Ave. for $18.26 million. Plans for the site include 15,000 square feet of commercial space and a 10,000 square foot community facility. The project will consist of two phases and is set to employ more than 150 people.
“We are excited to bring this much-needed housing to the community, as well as create jobs for construction workers and permanent positions alike,” said Mark Stagg, founder and CEO of Stagg Group. “This is a natural progression of where the company is headed, in terms of scale.”