In December, Taconic Investment Partners and Cogswell-Lee Development Group acquired the ground-lease of 410 West 207th Street, in Inwood. According to Commercial Observer, the developers plan to redevelop the property into commercial-retail space. The site is currently occupied by a single-story, 34,000 square-foot vacant supermarket, formerly a Pathmark. The structure will be renovated to accommodate a new 20,000 square-foot supermarket and multiple smaller retailers. In addition, a 14,000 square-foot retail annex will be built on a section of the parking lot. When construction is completed later this year, parking will be reduced from 200 to 120 car spaces. The property can accommodate a 240,000 square-foot residential development with retail space, although plans for such proposal are not finalized. It sits a stone’s throw away from the 207th Street stop on the 1 train.
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