Developer chosen for East Harlem residential project

October 07, 2008 04:13PM

A group of seven organizations, including General Growth Properties, was chosen
today to develop a $700 million, 1.7 million-square-foot mixed-used project
between 125th and 127th streets and Second and Third avenues. The announcement
came after the City Council approved a zoning change to build the project,
which will include 600 affordable housing units, a hotel and new office and
retail space. The city owns more than 82 percent of the site, and says it
is in discussion with private landowners to acquire the rest.

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