search

The Real Deal Logo

Trending

Lawmakers reach housing deal including “good cause eviction,” new 421aLawmakers reach housing deal including “good cause eviction,” new 421aCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsLandlords call tentative deal “housing policy disaster”Landlords call tentative deal “housing policy disaster”Sterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debt
New York

City releases first RFP for “E125” East Harlem development

Project will eventually house 950 rental units and a proton beam therapy center

From left: 2321-2325 Third Avenue and Maria Springer-Torres
From left: 2321-2325 Third Avenue and Maria Springer-Torres

Updated, 2:15 p.m., Dec. 12: The city’s Economic Development Corporation moved forward with its East 125th Street Development project, releasing a Request for Proposals for a portion of the East Harlem site.

The RFP calls for the commercial redevelopment of a 7,000 square foot site at 2321-2325 Third Avenue, which is currently a vacant lot.

Sign Up for the undefined Newsletter

With the project, dubbed E125, the city ultimately aims to build 100 apartments, about about 80 percent affordable, as well as 700,000 square feet of commercial space, including 50,000 square feet reserved for local businesses and at least 30,000 square feet to be used for community facilities.

The owner of 2321-2325 Third Avenue, according to public records, is Mm Proton I LLC. [DNAinfo] – Ariel Stulberg

Correction: More information on E125 was appended to this story, including the total commercial square footage. A previous version incorrectly stated the project would be about half affordable, and that the EDC 

Tags
Economic Development Corporation