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Bronx heavyweights Mark Stagg and Jorge Madruga are teaming up. The developers acquired a site at 2740 Webster Avenue from its long-time owner for $40 million to build a massive dormitory and housing complex, according to Stagg.  Madruga’s Maddd Equities and Stagg’s Stagg Group are planning an 800,000-square-foot development with over 500 dormitories and 485 […]

This article originally appeared on The Real Deal. Click here to read the full story.

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