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Alianza Triangle Building

Alianza Triangle Building

Type

Commercial/Office, Cultural/Arts, Retail

Location

New York, NY

Est. Project Cost

$35.0 million

Size

48,000 SF

Public Financing

New Markets Tax Credit, City, State

Sponsor

Alianza Dominicana2011

Private Financing

Debt

Community Facility Development/Asset Management

Alianza Triangle Building was developed as a $35 million, 48,000 square foot community facility located in New York City. The building serves as a shared space for nonprofit organizations, including a cultural center operated with Catholic Charities, a credit union, local community board offices, and the NYC District Attorney. Monge Capital played a key role in the financing and development of the project, which created hundreds of jobs and expanded vital community services.

Estimated Economic and Social Impact

150 jobs and 400 construction jobs and expansion of community services.

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