The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Harlem Community Board"
Harlem Victoria Wins Redevelopment Victory
October 11, 2012
Ariel Aufgang clearly aims to make Harlem the “center of attention” with his $143 million proposal for the Victoria Theater project. The renderings of a 210-room full service, world class hotel featuring a 5,000 square foot ballroom and 230-unit apartment tower, complete with a porte cochere, have already made a colorful, dramatic impression. Many are quick to disregard Harlem luxury apartments because they hit the market just before the 2008 crash, and therefore remained there at asking prices well below their value. However, now luxury condos, such as 111 Central Park North, are breaking records for Harlem with their sale prices. Danforth Development Partners, the developers behind the Victoria project, follow a succession of recent development plans for Harlem that include high end condominium construction. Full Spectrum of NY LLC, for example, recently revealed plans to construct one of the first geothermally heated residential buildings in New York. Mixed-use, mixed-income, green, and historic preservation resonate well with the rest of Manhattan: it only follows that developers will move their focus to emerging markets like Harlem to establish choice real estate.Read More