In Harlem, housing market slows while retail picks up

After
a surge of residential development in Harlem, units in new high rises
aren’t
selling quickly, according to a New York Times Q & A with Community
Board 10
Chairman W. Franc Perry. Perry said that small, family-owned businesses
that are already established in the neighborhood, however, are
surviving the downturn. Some retailers and restaurants are plating
roots in the area. Ntozake Lundy, for one, moved her cafe, Muddy
Waters, from Prospect Heights in Brooklyn to 2185 Adam Clayton Powell
Boulevard in Harlem. Lundy said she waited for signs like the arrival of
luxury housing and a Bentley car dealership before moving. [NYT] and [AM NY]