Bonjour plans 120K sf rental building in East Harlem

Development site located near UES property that firm is buying from Glenwood

TRD NEW YORK /
May.May 12, 2016 05:01 PM

Bonjour Capital is keeping busy in Yorkville and Harlem, with plans to build an apartment building near the rental property it’s buying from Glenwood Management.

The company will build a 120,000-square-foot, 12- to 13-story residential property on Second Avenue between East 102nd and 103rd streets.

Bonjour has amassed six parcels along Second Avenue in the past year to the tune of nearly $25 million. No permit applications for the tower have yet been filed, Crain’s reported.

“The Second Avenue subway will really benefit the areas east of Third Avenue, such as Yorkville and East Harlem,” Charles Dayan, CEO of Bonjour, told the publication. “I think you will see exciting things happen in these areas pretty soon.”

Earlier this week,The Real Deal reported that Bonjour is in contract to pay $150 million for 1735 York Avenue, a 265-unit rental owned by Glenwood.

Glenwood, which is well-known for holding onto properties, was at the center of corruption scandals surrounding involving former Assembly Speaker Sheldon Silver and former Senate Majority Leader Dean Skelos. [Crain’s]Kathryn Brenzel


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