Harlem renaissance meets slowdown
June 18, 2008 04:35PM
By Melissa Dehncke-McGill
Harlem
From the June issue: When the real estate market was booming in New York, the modern-day Harlem renaissance seemed inevitable. New condos went up, and buyers bought townhouses to rehab and resell. Now, as the market has slowed and real estate experts scramble to pinpoint exactly which not-so-prime areas are going to get hit hardest, the question becomes, "How will Harlem weather the storm?" The experts interviewed for The Real Deal's Q&A this month said that while new developments abound in Harlem, some projects are struggling financially. They also said that high-end retail is arriving here and there, but is largely lagging behind the luxury developments. more
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Comments
Thomas Lopez-Pierre
Harlem will continue to be a great investment opportunity for investors. Hang in there! LiveUptown.com is a Harlem based real estate marketing website. Thomas Lopez-Pierre Managing Member LiveUptown.com
Comment #1 Posted By: Thomas Lopez-Pierre 09/22/08