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Developer chosen for East Harlem residential project
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.
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.