By HarlemGal for HarlemCondoLife
On June 21, look around in Harlem. You may hear music everywhere. Harlem Park to Park (HP2P) and its HP2P businesses are taking part in Make Music New York, the citywide free live musical celebration on Tuesday, June 21st.
From 11 a.m. to 9 p.m., participating Harlem Park to Park businesses will become impromptu outdoor stages offering live musical performances and some select specials. A complete list of business are listed below.
Not too long ago, Harlem was profiled in The Financial Times, the UK-based publication. Now The Boston Globe takes its turn and profiles our community in its travel section this past weekend (June 5). Jessica Allen, the reporter, spends two days in Harlem along with her husband and discovers “Harlem makes a visitor feel and taste its forward movement.”
The article highlights various experiences from listening to jazz, to eating at Amy Ruth’s and to drinking at some of our unique establishments, such as 67 Orange and bier international. However, the most notable items in this article are not necessarily about places, but crafted words about Harlem. Allen states “perhaps no other area in New York so eagerly honors its history as Harlem.” She points to our famously named streets, such as Malcolm X and Adam Clayton Powell, Jr. Furthermore, Allen goes on to say “despite the interest in what came before, these days Harlem seems utterly future-oriented.”
We couldn’t agree more with The Boston Globe! And to Jessica Allen and her husband, come back and see us (Harlem) again now!
According to The Real Deal, Harlem real estate prices remain depressed which also means relatively affordable. This is good news on several fronts. It makes the inventory affordable so that as supply contracts prices will stabilize and later increase. It attracts buyers who plan to live in the units which strengthens the community. Below are a few notable facts, figures and quotes from the article.
- Ariel Property Advisors, an investment sales firm, found in its 2010 year-end condominium report that prices of units in Upper Manhattan (which it defines as Harlem through Inwood) dropped an average of 6.6 percent from 2009, after an 8.8 percent decline that year. Shimon Shkury, the company’s president, said it’s a positive sign for Harlem that prices fell at similar rates to those elsewhere in Manhattan, indicating that the neighborhood is no longer viewed by consumers as marginal.
- Adrienne Albert, chief executive officer of the Marketing Directors – “Harlem is seeing that supply being absorbed rather quickly in the last four months, maybe five months.” According to the firm’s data, closings above 110th Street were up 55 percent over the first quarter of 2010, while the average price per square foot rose 5 percent.
- Data from real estate website StreetEasy, focusing on condo and co-op sales in new and newly converted buildings, seems to bolster that point. In Manhattan as a whole, the site counted 406 closings in the first quarter of 2011 — the fewest in a first quarter in years. But in Upper Manhattan as a whole — which StreetEasy defines as Central Harlem through Washington Heights — closings were up by 46 percent over 2009.
- This year’s closings in Central Harlem were pricier than last year: The average sale price rose 33 percent from the first quarter of 2010.
The downturn has had some notable impacts in pricing/availability:
- 764 Saint Nicholas Avenue in Hamilton Heights and 108 West 131st Street in Central Harlem once asking common charges of $775 per square foot are now asking in the $460s.
- WA Condominiums at 131st Street and Adam Clayton Powell Boulevard were listed at $1,200 per square foot in 2008. The lender foreclosed in November 2009 and no units are currently listed for sale.
All in all some notable good has come with the bad especially on Harlem’s Gold Coast and Harlem’s Restaurant Row – of which we’ve often written.
- “Frederick Douglass had an oversupply, but as a result of this, now it’s got a boom happening,” Pair said. “Obviously something happened, where they’re selling at better rates and people are moving in there.” One factor is gentrification: The area has gained higher-end amenities in the last year, including a branch of Levain Bakery, the beer garden Bier International, and the boutique hotel Aloft Harlem, located in the same building as the Apex condos.
Several Harlemites have $20.11 posted on their Facebook or WeHarlem pages and it’s not a reminder of the current year. It’s locals reminding us through social networks that it is restaurant and retail month right here in Harlem. From April 15 to May 15, select local businesses are offering special deals. If you’re wondering who is participating, see the complete list below.
Last year, I went to Chez Lucienne and enjoyed the meal and deal very much. I wonder where I should dine this year for this occasion?
And a big thanks to Harlem Park to Park, who is once again leading this effort to promote all the wonderful retail businesses we have right here in Harlem.
67 ORANGE STREET 2082 Eighth Avenue
BIER INTERNATIONAL 2099 Eighth Avenue
CHEZ LUCIENNE 308 Lenox Avenue
CHOCOLAT RESTAURANT 2223 Eighth Avenue
GRAN PIATTO D’ORO 1429 Fifth Avenue
LIDO HARLEM 2168 Eighth Avenue
MOCA LOUNGE 2210 Eighth Avenue
NATIVE RESTAURANT 101 W. 118th Street
NECTAR WINE BAR 2235 Eighth Avenue
RED ROOSTER HARLEM 310 Lenox Avenue
RISTORANTE SETTEPANI 196 Lenox Avenue
SOCIETY COFFEE 2104 Eighth Avenue
SYLVIA’S RESTAURANT 328 Lenox Avenue
BIKRAM YOGA EAST HARLEM 4 E. 116th Street
FRANZ JAMES FLORAL BOUTIQUE 2114 Eighth Avenue
HARLEM FLO ATELIER 2292 Eighth Avenue
HARLEM FLO BOUTIQUE 2276 Eighth Avenue
HARLEM VINTAGE 2235 Eighth Avenue
LEVAIN BAKERY 2167 Eighth Avenue
MODSQUAD CYCLES 2119 Eighth Avenue
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