Just when you thought that there was no more room for new real estate in Harlem, there’s something new going up @ 306 West 116th street, adjacent to the Garden of Love. It’s also in the backyards of the owners of apartments at the Livmor condominiums. Sadly enough the lot also trimmed the size of the Garden of Love by 50%. In any event, we are anxious to see what kind of building, service or amenity will soon spring in Harlem.
Last week Curbed.com reported that progress may be stirring at the Gateway Condominium in Harlem as outlined in their most recent post.
Could it be that the tide that has been lifting all ships in that corridor on which we’ve previously and often reported is finally lifting this project towards completion?
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Rumour has it at that notices to close were sent for Fifth on the Park condominium yesterday. Fifth on the Park is one of two Harlem-based ultra-luxury condos and the first to reach this stage since the downturn.
Located on 120thand Fifth, the project is the tallest in Harlem and faces Marcus Garvey / Mt. Morris Park. It features multi-million dollar condos, parking, pool, gym, decks and other amenities.
Photo – Royce Douglas
The project was started over two year ago and has been delayed time and again. One of the founding members recently filed for bankruptcy, as reported on Curbed, Crain’s and the Raw Deal.
The sponsors claim to have enough solid contracts to close. However there does not yet appear to be a Certificate of Occupancy. Additionally it appears some buyers are seeking to get out of their deals and are networking and/or contacting the New York Attroney General’s Office.
For more information please track the latest and greatest on Curbed.com.
Last month www.curbed.com reported Corcoran was consolidating offies and closing their Harlem branch.
Last night’s storefront sighting confirmed the news.
Says company President and CEO Pamela Liebman, the “plan [is] to merge our Harlem office into our other West Side offices.” She adds “Harlem remains a very important market for us and we fully intend to provide the same degree of coverage that exists there today.”