“The price I think is the biggest thing driving people higher [uptown],” said J.P. Kirk, a 41-year-old financial salesman shopping for a condo on East 109th Street. “New development has a lot to do with it.”
The New York Times ran a piece last week about the Upper East Side’s boundary blurring, so this week we decided to check out some open houses both below and above the traditional East 96th Street border. Read More
A recent East Harlem deal shows that the average prices per square foot in the neighborhood are surpassing those of 2010, brokers say. To be sure, a 34-unit Upper Manhattan walk-up building with ground-floor commercial space sold last week for a whopping $3.81 million.
The price achieved for the building, at 124-128 East 107th Street, Read More
The marketplace bears some of the responsibility for turning Harlem into a barren wasteland of chips and cheap takeout. Could it also save it?
Walgreens, which along with many big chains has been accused of failing to sell decent produce and turning many areas of Manhattan into so-called “culinary deserts,” has launched a fresh Read More
Editor’s note: Welcome to a fresh regular feature here on The Real Estate: Building Stories. It’s about new developments.
There’s a hole in the ground in East Harlem at the base of the Robert F. Kennedy Bridge. When it’s filled, you’ll be able to see it coming over from Read More
General Growth, the Chicago-based developer aiming to redevelop the South Street Seaport and to build a 1.7 million-square-foot entertainment and housing complex in East Harlem, has hired a bankruptcy attorney, according to today’s Wall Street Journal.
While the move does not necessarily mean the mall developer plans to declare Read More
On Tuesday, Jonathan Rose Companies broke ground on the first affordable housing and mixed-income apartment building in East Harlem developed to LEED Silver standards. Called Tapestry, the 12-story, 185-unit building, with 8,000 square feet of ground-floor retail, will rise at 124th Street and Second Avenue, at the base of what’s becoming today officially the Robert Read More
A leader of the consortium selected by city officials to build a mixed-use development on East 125th Street in Harlem has been dropped from the S&P 500 because its shares are virtually worthless, according to an article in today’s Wall Street Journal:
The latest meltdown in shares of mall and industrial REITs underscores Read More
From this week’s Village Voice, regarding poet Langston Hughes’ old brownstone on East 127th Street:
But finding any other evidence there of the acclaimed poet’s contributions to American literature and the Harlem Renaissance is more difficult. Although the brownstone where Hughes spent the last 20 years of his life has been landmarked since 1981, Read More
The winner of the most amusing marketing campaign of the week goes to 1200 Fifth Avenue, listed by the Corcoran Group.
Perhaps to counter the stigma of the building’s “less than perfect 10029 zipcode” in East Harlem, Corcoran has unrolled a sort of “if you need to ask how much, you Read More
"$1,200 is the average — I’m selling for half!"
Michael Waldman might sound like a used-car salesman. He’s not. He sells motorcycles. He’s also a developer.
Last week, Mr. Waldman unveiled his new 30-unit luxury condo complex in East Harlem called The Bridges during a splashy gala featuring Cuban cuisine and Brazilian Read More
