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.
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