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	<title>Observer &#187; Harlem Is Skeptical Yet Another 125th Street Development Won&#8217;t Fail</title>
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		<title>Observer &#187; Harlem Is Skeptical Yet Another 125th Street Development Won&#8217;t Fail</title>
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		<title>Harlem Is Skeptical Yet Another 125th Street Development Won&#8217;t Fail</title>

		<comments>http://observer.com/2012/06/a-42000-square-foot-complex-for-west-harlem-not-likely/#comments</comments>
		<pubDate>Mon, 04 Jun 2012 13:16:18 -0400</pubDate>
					<link>http://observer.com/2012/06/a-42000-square-foot-complex-for-west-harlem-not-likely/</link>
			<dc:creator>Jess Schiewe</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=243910</guid>
		<description><![CDATA[<p><div id="attachment_243911" class="wp-caption alignleft" style="width: 209px"><a href="http://observer.com/?attachment_id=243911" rel="attachment wp-att-243911"><img class="size-medium wp-image-243911" title="Donna Summer Remembered At The Apollo Theater" src="http://nyoobserver.files.wordpress.com/2012/06/apollo-theater.jpg?w=199" alt="" width="199" height="300" /></a><p class="wp-caption-text">Just being neighborly.</p></div></p>
<p><span style="color:#000000;">Promises: they’re easy to make, but hard to keep. Just ask the residents and landowners of West Harlem.</span></p>
<p><span style="color:#000000;">For the last five years, a number of developments have been proposed along 125<sup>th</sup> Street, but most have fallen through. Take, for instance, Vornado Realty Trust’s ambitious p<a href="http://observer.com/2008/03/mlb-and-vornado-want-subsidies-in-harlem-antisubsidy-group-doesnt/" target="_blank"><span style="color:#000000;">lans for a 600,000-square-foot office building</span></a> on the corner of Park Avenue that would have housed Major League Baseball's <a href="http://www.nytimes.com/2008/01/31/nyregion/31harlem.html" target="_blank"><span style="color:#000000;">new television network</span></a>. That building never materialized, nor did a later development, planned on the same site, for a high-rise that included a Marriott hotel.</span></p>
<p><span style="color:#000000;">So what’s the beef? Why are so many projects along 125<sup>th</sup> Street (as well as nearby Lexington and Morningside avenues) habitually planned and then abandoned?<!--more--></span></p>
<p><span style="color:#000000;">The answer, according to Community Board 10's Paimaan Lodhi <a href="http://www.crainsnewyork.com/article/20120603/REAL_ESTATE/306039981" target="_blank"><span style="color:#000000;">told Crain’s New York Business</span></a>, is that developers are turned off by the empty stretches of land. “The 125th Street corridor can’t see its full potential if the majority of the lots are still vacant,” he said.</span></p>
<p><span style="color:#000000;">And yet, despite this series of false starts, the city is at it again, this time with the hopes of finding a developer interested in converting a 450-car parking garage near the Apollo Theater on West 125<sup>th</sup> Street into a<a href="http://www.crainsnewyork.com/article/20120603/REAL_ESTATE/306039981" target="_blank"><span style="color:#000000;"> 42,000-square-foot retail, office, and cultural complex</span></a>.<br />
</span></p>
<p><span style="color:#000000;">Here’s hoping they’ll follow through this time.</span></p>
<p><em>jschiewe@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_243911" class="wp-caption alignleft" style="width: 209px"><a href="http://observer.com/?attachment_id=243911" rel="attachment wp-att-243911"><img class="size-medium wp-image-243911" title="Donna Summer Remembered At The Apollo Theater" src="http://nyoobserver.files.wordpress.com/2012/06/apollo-theater.jpg?w=199" alt="" width="199" height="300" /></a><p class="wp-caption-text">Just being neighborly.</p></div></p>
<p><span style="color:#000000;">Promises: they’re easy to make, but hard to keep. Just ask the residents and landowners of West Harlem.</span></p>
<p><span style="color:#000000;">For the last five years, a number of developments have been proposed along 125<sup>th</sup> Street, but most have fallen through. Take, for instance, Vornado Realty Trust’s ambitious p<a href="http://observer.com/2008/03/mlb-and-vornado-want-subsidies-in-harlem-antisubsidy-group-doesnt/" target="_blank"><span style="color:#000000;">lans for a 600,000-square-foot office building</span></a> on the corner of Park Avenue that would have housed Major League Baseball's <a href="http://www.nytimes.com/2008/01/31/nyregion/31harlem.html" target="_blank"><span style="color:#000000;">new television network</span></a>. That building never materialized, nor did a later development, planned on the same site, for a high-rise that included a Marriott hotel.</span></p>
<p><span style="color:#000000;">So what’s the beef? Why are so many projects along 125<sup>th</sup> Street (as well as nearby Lexington and Morningside avenues) habitually planned and then abandoned?<!--more--></span></p>
<p><span style="color:#000000;">The answer, according to Community Board 10's Paimaan Lodhi <a href="http://www.crainsnewyork.com/article/20120603/REAL_ESTATE/306039981" target="_blank"><span style="color:#000000;">told Crain’s New York Business</span></a>, is that developers are turned off by the empty stretches of land. “The 125th Street corridor can’t see its full potential if the majority of the lots are still vacant,” he said.</span></p>
<p><span style="color:#000000;">And yet, despite this series of false starts, the city is at it again, this time with the hopes of finding a developer interested in converting a 450-car parking garage near the Apollo Theater on West 125<sup>th</sup> Street into a<a href="http://www.crainsnewyork.com/article/20120603/REAL_ESTATE/306039981" target="_blank"><span style="color:#000000;"> 42,000-square-foot retail, office, and cultural complex</span></a>.<br />
</span></p>
<p><span style="color:#000000;">Here’s hoping they’ll follow through this time.</span></p>
<p><em>jschiewe@observer.com</em></p>
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