Over the summer, the Durst Organization entered into contract to acquire the 36,281-square-foot site at 1800 Park Avenue, located between East 124th and 125th streets in Harlem. The developer has since closed on the purchase for just under $91 million, the New York Post reported. Durst will abandon the ODA New York-designed 24-story, 670-unit mixed-use project (originally 32 stories and 682 units) envisioned by the Continuum Company, the site’s previous owner. Instead, completely new plans will be drawn up, presumably by a different architect
Posted in 1800 Park Avenue, Affordable Housing, Brief, Commercial, Durst Organization, Harlem, Harlem Real Estate, Mixed-Use, New York, Residential, s:yimby Tagged with: 1800 Park Avenue, affordable housing, Brief, Commercial, Durst Organization, Harlem, Mixed-Use, New York, Residential
Back in October of 2014, YIMBY revealed new renderings of the previously planned 32-story, 682-unit mixed-use project at 1800 Park Avenue, located between East 124th and 125th streets in East Harlem. Then last year, the project’s developer, the Continuum Company, decided to sell the site. Earlier this year, the Continuum defaulted on their loan on the property, and now the creditor, the Durst Organization, is in contract to acquire the site, via a short sale, for nearly $100 million, The Real Deal reported.
Posted in 1800 Park Avenue, Brief, Community Facility, Continuum Company, Durst Organization, East Harlem, Harlem Real Estate, Mixed-Use, New York, ODA Architecture, Residential, Retail, s:yimby Tagged with: 1800 Park Avenue, Brief, Community Facility, Continuum Company, Durst Organization, east harlem, Mixed-Use, New York, ODA Architecture, Residential, Retail
Yesterday the New York Post wrote that “A major Harlem site opposite the Metro-North station is about to get the neighborhood’s tallest building.”
It is stated that this once stalled project, will feature towers at 320 feet at 1800 Park Ave. between 124th and 125th streets. The post writes “the buildings will soon host 650,000 square-foot twin residential towers that will include 70,000 square feet of retail.
As The New York Post first reported back in April, Ian Bruce Eichner picked up the site for $65 million. Under the 80/2o program, the development will include 120 affordable units and roughly 380 market-rate apartments that will rent at about $60 per foot.
Eichner has hired ODA – Architecture, known for the quirky cantilevered 100 Norfolk and 15 Union Square West.
The new retail and residential at 1800 Park Avenue will be opposite the Metro-North station and the architect confirmed that “it will have two very large towers” which will be the tallest building to date planned for Harlem. Stay tuned for more information from HarlemCondoLife on this developing Real Estate story.
Ian Bruce Eichner (photo from the New York Post)
Posted in Architecture, Art and Culture, business, Community, Design Decorating, East Harlem, Harlem, New York City, Real Estate Tagged with: 125th street, 1800 Park Avenue, 80/20 Program, @HarlemHCL, affordable housing, east harlem, Harlem, Harlem Blogger, Harlem Blogs, Harlem Business, Harlem Real Estate, Harlem Towers, HarlemCondoLife.com, HCL, Ian Bruce Eichner, market-rate apartments