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New York

Harlem Victoria Theater redevelopment to break ground late this year

Danforth's Steven Williams and a project rendering
Danforth's Steven Williams and a project rendering

Harlem’s Victoria Theater is finally getting a makeover, Real Estate Weekly reported. The building on 125th Street, designated a city landmark in 1993, will be transformed into a mix of hotel rooms, residences and retail space. Developers Exact Capital and Danforth Development Partners have tapped architects Aufgang & Subotovsky to design the project; construction is scheduled to start in the fourth quarter.

The 300,000-square-foot building will be divided into a 210-room hotel, operated by Cambria Suites; 206 apartments, half of which will be affordable housing; a 5,000-square-foot ballroom; 24,000 square feet of retail at ground level; and 25,000 square feet for local cultural institutions.

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As reported by The Real Deal, the Empire State Development Corp. approved the proposal last summer.

The project is expected to create 700 construction jobs and 373 permanent jobs. [REW] —Zachary Kussin