Except for a few feature films and commercial shoots, the Kingsbridge Armory has remained mostly empty for more than a decade, but is a very hot and much anticipated property in the South Bronx.
There are new developments in the works as interested parties are working on proposals which must be submitted by March 22nd. The field has become more wide open mainly impart to some local politicians and an agreement by the city council and the national Retail, Wholesale and Department Store Union, as explained in this recent NY Times article.
One of these proposals is to build an indoor cycling velodrome which is being spearheaded by Michael Green of the Century Road Club Association (CRCA)
This is a huge boast for competitive cycling and to help raise funding there will be a rollers event January 19th.
More info here.