Yesterday, YIMBY brought you news of the stabilization of the city’s new development pipeline through the end of 2017. Echoing the end-of-year positivity, 2018 has already brought one major new development to light, on Surf Avenue in Coney Island. Today, we have the latest on an even larger project coming to Harlem, with the reveal for the first rendering of the proposed Lenox Terrace redevelopment, which would eventually yield over 1,600 new apartments by the time of full build-out.
We previously reported on the project back in 2015, but evidently plans for expansion have increased substantially since then. The proposed number of new units has seen a large jump, from 1,300 to 1,642.
Besides the residential component, which will include somewhere between 411 and 493 affordable apartments, the current plan would also add another 40,000 square feet of retail, 15,000 square feet of community facility space, and approximately 200 parking| Click here to read the full post. |