The Real Deal New York

Blumenfeld gets $77M loan for 125th Street project 

The 232K SF building will be designed by starchitect Bjarke Ingels

September 26, 2016 06:10PM
By Chava Gourarie

146 East 126th Street and David Blumenfeld

146 East 126th Street and David Blumenfeld

Blumenfeld Development Group secured $77 million in financing from the State Housing Financing Agency and AIG for its 232,000-square-foot mixed-use East Harlem project at 146 East 125th Street.

The 233-unit building will have 34,444 square feet devoted to commercial use on the first two floors. It’s unclear how many of the rental apartment units will be affordable. 

Bjarke Ingels TRData LogoTINY, the Danish architect behind the pyramid-shaped Via on West 57th Street, was hired to design the 11-story project. Renderings for the project show a curving facade along 126th Street between Third and Lexington Avenues, with the leg of the T-shaped structure cantilevering over Blumenfeld’s Gotham Plaza, at 163 East 125th Street.