The Real Deal New York

$700M Harlem project underway

alternate textRenderings of the East Harlem development

Construction has begun on the first phase of a $700 million multi-use development in East Harlem, according to the mayor’s office, on the corner of 125th Street and Third Avenue. The project, spearheaded by developer 125 MEC Center LLC in conjunction with city and state officials, will include 800 housing units, 600 of which will be for low- and middle-income families, 50,000 square feet of retail space, a 98,000-square-foot hotel and 250,000 square feet of office space. The project, which has received funding from private investors as well as the New York City Department of Housing Preservation and Development and the State Department of Housing and Community Renewal, is expected to fully built in 2016. TRD

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