High Hopes For Harlem

A group of investors is betting $220 million on a new Harlem renaissance, in the form of a new office, hotel and retail complex.

Read Time: 1 minute

January 8, 2005, 11:00 AM PST

By Chris Steins @urbaninsight

"Over the last few years, Harlem has had a surge of retail development, including Harlem USA, a 285,000-square-foot retail and entertainment complex developed in 1999 by Grid Properties and The Gotham Organization.

...The 34-story, 550,000-square-foot project, dubbed "Harlem Park," should break ground in February at a parking lot at Park Ave. and 125th Street-towering over a key Metro-North commuter-rail station directly across the street. It will feature 185,000 square feet of office space, 57,000 of retail and a conference center for 800, all at its base."

Thanks to Peter Slatin

Friday, January 7, 2005 in The Slatin Report

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