Tag Archives: Graphic by The Wall Street Journal

‘Central Harlem has experienced a revival’

By HarlemGal for HarlemCondoLife
These days one can’t swing a bat without hitting the words “Harlem and real estate” together! By that, I mean Harlem is constantly being covered by the main stream press. Searching through my clips this past weekend, I came across another flattering article about Harlem. The Wall Street Journal reports “Central Harlem has experienced a revival. New businesses have moved in, ranging from upscale restaurants and wine bars to cutting-edge boutiques. Dozens of condominiums have sprouted around the neighborhood…”

It’s great to see these articles about my Harlem from the traditional press. However, I am getting to the point when I see these write ups is shouting “tell me something I don’t know.” This article re-hashes what’s already been printed. Come on mainstream press! There are a ton of other positive angles to cover about Harlem. For example, I wish they would profile some of the people who decided to choose Harlem as their home, what was the rationale? Profile those that have new or existing businesses in Harlem. How has this revival impacted local businesses? How are schools affected now compared to years ago? What’s the ratio of families versus single people moving to Harlem? And of course, the money trail is always a good one to follow. A story always arises from the money and paper trail!

These ideas come to mind for me. I’m sure there are more. What other positive angles do you think the mainstream press should cover about Harlem? Tell us!

Harlem rental prices heat up, Red Rooster pictures appear

By HarlemGal

August 26, 2010 was filled with interesting surprises! For the last two years, the rental market in New York has been favorable toward renters, but now that has apparently changed. According to The Wall Street Journal, rental activity levels in Manhattan continue to heat up. The article mentions Harlem and reports that prices on studios with doormen are on the rise in Harlem. They’re up around 5 percent. Wow. How did that happen?  What happened to the double dip recession? I guess it bypassed the NY rental market!

After I read that article, I turn around and read an email from a reader telling me Marcus Samuelsson released photos on his website about the latest construction happenings with Red Rooster.  Along with the pictures, Samuelsson states he is “super excited for the opening and it feels like the community is sharing in the excitement too!” Awh…that’s nice. I just hope the opening of Red Rooster is soon!

See what happens in a course of a day. The rental market heats up and Red Rooster pictures appear! Only in New York…right?

Is The Wall Street Journal in love with Harlem?

By HarlemGal for HarlemCondoLife
I can’t help but notice how the Rupert Murdoch business publication called The Wall Street Journal keeps writing and profiling Harlem in their real estate section in a very positive light! It just happened again over the weekend with a highly complimentary article titled Costco, Condos Accent Today’s East Harlem, which is also known as Spanish Harlem.
To my knowledge, this is about the third or fourth positive article in this conservative publication about Harlem this summer. Based on those brief statistics, I have to ask: is The Wall Street Journal in love with Harlem, a neighborhood in the borough of Manhattan, long known as the black capital of the world? Let’s recap to answer that question.
About a month ago, Austin2Harlem told us about the raving WSJ article on Frederick Douglass Boulevard. Then we see ongoing coverage about the Emmitt Smith hotel project. Up next was a somewhat sympathetic article about a condo titled Getting Deals Done. This talked about the unique structure called Gateway Condominiums. And now in July, we see a glowing article about East Harlem by the Journal saying it “has come alive.” These are the printed words you will now see in what I believe to be one of the most conservative business papers on the planet. I am not knocking their coverage of Harlem. I am just saying I am shocked that this is now happening and that I somewhat agree with some of the things mentioned by the Journal about Harlem, which leads me to answer my own question with an enthusiastic YES!, I do think The Wall Street Journal is madly in love with Harlem. Can you blame them?