Elegran Edge
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 Real Estate News"

  • Transformation to Come in Harlem Generates Uncertainty By Yuan Feng | June 04, 2012

    Harlem’s 125th Street recently seems to be an area perpetually slated for new construction projects. Recent plans include efforts to find a developer to transform a large parking garage into a 363,000 square foot office complex, a 600,000 square-foot office for Major League Baseball, and various other announcements regarding empty sites on 125th Street. Yet despite years of wanting the empty spaces on Manhattan's 125th Street to be occupied by new offices as well as trendy bars and hotels, this area of Harlem remains a region that is home primarily to fast-food restaurants and casual entertainment. While a slew of development plans seem to predict that the large empty lots will be transformed into office towers, those vacant spaces still exist, and soaring office towers are nowhere to be seen. 

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  • Harlem's 116th Street is Growing Into A Cultural Destination By Justin Spees | February 23, 2012

    Over the past several years Frederick Douglass Boulevard—the stretch of Eighth Avenue stretching from 110th to 124th Street—has grown from one of Manhattan’s more dangerous stretches to a part of town so trendy it won Curbed’s Best Neighborhood Award in 2011. The cause of the street’s transformation was an influx of high-end residential buildings in Harlem, which brought wealthier people into the neighborhood, along with upscale retail stores and restaurants eager to serve them. Now a stretch of 116th Street is seeing similar storefront changes, in another sign of Harlem’s burgeoning rejuvenation as a choice residential destination.

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  • Sale of Harlem Lot by Mormon Church Generates Controversy By Daniel Muhlenberg | January 12, 2012

    Harlem has witnessed a wave of new construction of luxury condos and rentals over the past decade, one which has enhanced the neighborhood and threatened its identity at the same time. In this climate, every announcement of new development has taken on increased importance, as exemplified by the recent sale of an abandoned building and adjacent garden by the Mormon Church.

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  • Famous Harlem Rib Joint That Served the Beatles Seeks to Avoid Closure By Justin Spees | January 06, 2012

    One of the things that makes Harlem such a fascinating neighborhood to live in is that while it is rapidly becoming a high-end neighborhood, full of luxury condos for sale, it still retains, not just a gritty reputation, but so much legend and folklore. The neighborhood that birthed the Harlem renaissance, and where jazz icons like Miles Davis used to blow back in the 1940s and 50s, is synonymous with urban New York character, and the mystery that makes the city so appealing to outsiders.

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  • As Development Continues, Manhattan Stands Strong By Phil Ryan | November 28, 2011

    In a trend that we at Elegran continue to note, Manhattan real estate, particularly the new development and luxury sectors, continues to stay strong in contrast to much of the rest of the country. At the regional level, Manhattan has seen growth in every neighborhood, with an average rate of 8% per dollar per square foot when compared to last year, almost unimaginable in any other metropolitan area. However, these changes are more pronounced and nuanced in individual neighborhoods, and new data allows us to see why certain areas are seeing population increases and “trendy” monikers, while others seem to be slowing down unexpectedly. So why is this happening, and what does it mean for luxury real estate in New York City?

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  • Second Avenue Subway: Great for First Avenue By Adam Rothstein | September 06, 2011

    Due to the long-running construction of the much anticipated Second Avenue subway line, which will run from 125th Street to the Financial District upon completion, Manhattan’s East Side is slated for upcoming changes -- many of which we at Elegran won’t be able to predict in advance. However, there is one noticeable change already underway. As explained by the Wall Street Journal, this transformation can best be seen along First and Second Avenues. Traditionally, Second Avenue has been the more popular street of the two, with a variety of restaurant and nightlife options, while First Avenue had consisted mainly of bodegas and nail salons. But as a result of the disturbance caused by the Second Avenue subway construction, there is a a visible change taking place, with First Avenue poised to benefit the most from the messy construction.

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  • New Organic Food Store in Harlem By Adam Rothstein | August 12, 2011

    An abandoned, unassuming bodega stands on the corner of 128th street and St. Nicholas Terrace in Manhattan's historic Harlem. Each day, residents of this neighborhood pass by it without a second thought. After all, what good is a store that isn't open for business? However, as an article published by DNAinfo.com explains, not everyone is ignoring it. Gregory Allen, a former social worker, sees this long forgotten bodega as something much more; he sees it, quite simply, as an opportunity. In fact, his plan is to turn this abandoned business into a vibrant store specializing in organic vegetables. Going a step further, his intention is to employ troubled youth growing up in the area, young men and women who are desperately trying to escape the vicious cycle of poverty, and offering them the opportunity to work and earn shares of the company. Creatively named "Pop-Up Co-Op," Allen's plan aims to provide not only employment to those who most need it, but also to promote a healthy lifestyle for the the people of this Upper Manhattan neighborhood.

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  • Development to Blossom in Upper Manhattan By Robert Knapel | August 10, 2011

    Upper Manhattan has been undergoing a bit of a rebirth in the past few years. That growth is continuing now as there has been another mini-development boom appears to be occurring in Harlem, East Harlem, and Morningside Heights. Developers are continuing to purchase properties at a staggering rate and they have purchased six more development sites in the past few weeks. Purchased were the sites at 1642 Madison Avenue; 166 East 100th Street; 77 East 110th Street; 142 West 131st Street; 446-48 West 167th Street; and 492 St. Nicholas Avenue.

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