The Real Deal New York

Posts Tagged ‘apollo theater’

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    253 West 125th Street (Credit: Ken Yuel via Flickr)

    Harlem’s famed Apollo Theater, which turned 80 last week, has kicked off a campaign to raise $20 million in public funding. [more]

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  • The Apollo Theater

    Historic places in New York City will have the opportunity to compete for $3 million in preservation funds, Crain’s reported. A new program funded and administered by American Express and the National Trust for Historic Preservation will made the announcement at the Museum of Modern Art today, Crain’s said. [more]

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  • A portfolio of more than 200,000 square feet worth of northern Manhattan investment properties has hit the market and could go for close to $100 million, which, according to the Observer, would make it among the largest deals of its kind since the Lehman Brothers crash. The portfolio, which is being marketed by Massey Knakal Realty Services, consists of six development sites and income-producing properties. The last deal to rival this portfolio in size was in 2007, when 47 buildings in East Harlem and seven condo units in the East Village were sold for $225 million to British investment firm Dawnay Day. The firm has since folded. … [more]

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  • The non-profit that owns Harlem’s famed Apollo Theater at 253 West 125th Street is negotiating with the developer of a three-story commercial building next door to expand into part of the planned space, according to the Wall Street Journal. The developer, Grid Properties, which was also behind the Harlem USA retail and entertainment complex on 125th Street, is in talks to sell the third floor of the building to the Apollo Theater Foundation, which is trying to raise $12 million so that it can use the space for administration and community education programs. … [more]

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  • Harlem condo cuts prices

    May 25, 2010 01:00PM


    Stephen Kliegerman and the Ellison

    Halstead Property Development Marketing announced across-the-board price reductions at the Ellison, a newly constructed West Harlem condominium at 2255 Adam Clayton Powell Jr. Blvd., between West 132nd and 133rd Streets. The Ellison, a five-story building with 10 units, features one- and two-bedroom residences, ranging in size from 820 to 1,228 square feet and priced from $579,000 to $799,000, an overall 10 percent reduction from previous listing prices. In the wake of the condo boom, Harlem condo developments that have hit the market during the bust are finding ways to cut prices and costs, as The Real Deal reported in the March issue.”We lowered prices to be more competitive with the current marketplace,” said Stephen Kliegerman, executive director of Halstead. “As such, the Ellison offers tremendous value and impeccable design in a great neighborhood.” Nearby attractions include the Apollo Theater, the Lenox Lounge jazz club, and Sylvia’s restaurant. TRD

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  • The city’s Economic Development Corporation issued a request for proposal today for a developer to construct a new building for the National Jazz Museum and ImageNation Sol Cinema in Harlem, Crain’s reported. The city-owned 10,000-square-foot abandoned site was the former home of Mart 125, at 260 West 125th St, between Adam Clayton Powell Jr. and Frederick Douglass boulevards, across from the Apollo Theater. Two years ago, the city issued a request to jumpstart the redevelopment of Mart 125. Last year, as a result of submissions to that first request, the city selected the two cultural institutions to occupy the redeveloped site. Also in Harlem, the city recently said it would give $19.8 million to build a hotel on 125th Street and Lenox Avenue, and construction began on the East Harlem Media, Entertainment and Cultural Center on three vacant lots between 125th and 127th Street, from Second to Third Avenues, slated for completion in 2016. [Crain's]

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