Stroock Represents Investment Group in Redevelopment of Bronx’s Kingsbridge Armory into World’s Largest Ice Sports Complex
New York, NY April 29, 2013… Stroock & Stroock & Lavan LLP, a law firm with offices in New York, Los Angeles and Miami, is representing KNIC Partners LLP as investors in the redevelopment of Kingsbridge Armory in the Bronx into a world-class ice sports complex.
KNIC Partners LLP was founded by banker/developer Kevin Parker and includes New York Rangers legend Mark Messier and 2002 Olympic figure-skating gold medalist Sarah Hughes as partners.
Announced April 24 by New York City Mayor Michael Bloomberg, the landmarked property will be transformed into the Kingsbridge National Ice Center, the world’s largest indoor ice facility. The property, located at 29 West Kingsbridge Road and Jerome Avenue, has been vacant since 1996. Construction on the new facility, which is expected to open partially by 2018, will start next year and includes nine year-round indoor ice rinks, including a 5,000-seat main rink and 50,000 square foot community space.
KNIC tapped Stroock & Stroock & Lavan’s nationally recognized Real Estate practice to handle the deal, using a team headed up by Stroock partner Ross F. Moskowitz, New York City’s preeminent real estate land use and zoning attorney with a long track record of bringing complex public/private development projects to fruition. Besides coordinating and negotiating lease and development agreements on behalf of KNIC, Stroock was involved in negotiating a landmark Community Benefits Agreement with the local community, ensuring this redevelopment project will create more than 260 permanent new jobs paying a living wage, as well as 900 construction jobs.
“We are extremely proud to be part of this visionary dream to transform an iconic building into a world-class ice facility that will provide opportunities and education for young and old,” said Mr. Moskowitz.
Stroock & Stroock & Lavan LLP is a law firm providing transactional and litigation guidance to leading multinational corporations, investment banks and private equity firms in the U.S. and abroad. Stroock’s emphasis on client service and innovation has made it one of the nation’s leading law firms for 130 years. Stroock’s practice areas include capital markets/securities, commercial finance, mergers and acquisitions and joint ventures, private equity, private funds, derivatives and commodities, employment law and benefits, energy and project finance, entertainment, environmental law, financial restructuring, financial services litigation, insurance, intellectual property, investment management, litigation, personal client services, real estate, structured finance and tax. For more information, please visit Stroock’s website at www.stroock.com.