Central Harlem-related news and updates.
Applications are being accepted for 21 affordable rental apartments under construction at 116 West 116th street.
Continue reading: Affordable Apartments: 116 West 116th »
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NY Sun reports something we already know: the residential real estate market in Harlem is hot. Some stats to back that up: since 1990, about 4,550 units of free-market condominiums have been developed in Harlem, of which almost all (4,300) have been built since 2000. Furthermore, approximately 1,600 units have been proposed for construction in 2007. According to one real estate executive, of the three Harlems "East Harlem is still grossly underdeveloped by most standards". Perhaps not for very long?
Source: The Residential Market, Too, Surges in Harlem (NY Sun) »
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The Observer reports on Reisman Properties' plans to develop the first luxury hotel in Harlem. The company is going break ground in August on a new hotel which will along Fifth Ave between 125th and 126th Street. The hotel, designed by Handel Architects, will have around 250 rooms.
Source: Harlem to Get First Luxury Hotel (The NY Observer) »
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According to Architectural Record, construction will begin in August on a new Harlem office building, which, in addition to being to being the tallest in the neighborhood, is set to become its first large-scale office development in more than two decades...
Continue reading: The Tallest Office Building in Harlem Since 1973 »
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If you were following the story of a former Harlem prison being converted to condos last summer (see this [wonderfully written report in the New Yorker], for example), you'll be glad (or dismayed) to know that the project seems to have come to a satisfactory conclusion: the [web site] of the property has been launched and seemingly, most apartments have been sold.
Among the drawbacks of the buildings are low ceilings, which is offset by "loftlike" layouts and, evidently, good views from some units.
For more info:
P.S. The web site is using a fairly high-quality (and full length) soundtrack by Tosca (the song is "Rolls Royce" from album "Dehli9" for those curious). One wonders, though, if the building developers ever bothered to clear the track with the artists' record label.
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The NY Times recently published a mildly critical [note] on a new condo building under construction in Harlem, on West 116th. The name ("Kalahari Condos") leaves no doubt where the architects (lead architect David E. Gross for GF55 Partners L.L.P., design architect Frederic Schwartz) drew their inspiration from. As for the pricing specifics,
Nearly half of the 249 condos planned for the $119 million building have been set aside for moderate-income buyers. A family of four with a household income of $63,800 to $131,165 would qualify for one of the subsidized units.