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EAST HARLEM — A thousand apartments, 70,000 square feet of development space, and a proton beam therapy center are coming to El Barrio.
The city’s Economic Development Corporation released a request for proposals (RFP) for the development of a 7,000 square-foot site on 126th Street and Third Avenue.
“The East 125th Street Development site will bring much-needed affordable housing to East Harlem, along with the jobs and critical commercial, retail, community, and open spaces that residents and neighborhoods need to thrive,” City Council Speaker Melissa Mark-Viverito said in a statement.
The project, which includes 2321-2325 Third Ave., will expand the mayor’s announcement to increase the role of minority and woman-owned businesses in development projects. Emerging developers will be given preference in the selection process, a city spokesman said.
The site will be part of a larger development dubbed “E125” which will span from 125th to 127th streets along Second and Third avenues, according to the city's Economic Development Corporation.
Part of that includes hundreds units of “affordable” housing units. About half of them will be affordable for people making East Harlem's median household income of $31,000.
Of the 950 units, 295 will be priced lower than 60 percent Average Median Income — $46,600 for a family of three. Two hundred apartments will be priced between 60 to 100 percent AMI — $77,000 — and 242 will be priced at 131 percent AMI — $101,000. The cap will be 150 percent AMI.
EAST HARLEM — A thousand apartments, 70,000 square feet of development space, and a proton beam therapy center are coming to El Barrio.
The city’s Economic Development Corporation released a request for proposals (RFP) for the development of a 7,000 square-foot site on 126th Street and Third Avenue.
“The East 125th Street Development site will bring much-needed affordable housing to East Harlem, along with the jobs and critical commercial, retail, community, and open spaces that residents and neighborhoods need to thrive,” City Council Speaker Melissa Mark-Viverito said in a statement.
The project, which includes 2321-2325 Third Ave., will expand the mayor’s announcement to increase the role of minority and woman-owned businesses in development projects. Emerging developers will be given preference in the selection process, a city spokesman said.
The site will be part of a larger development dubbed “E125” which will span from 125th to 127th streets along Second and Third avenues, according to the city's Economic Development Corporation.
Part of that includes hundreds units of “affordable” housing units. About half of them will be affordable for people making East Harlem's median household income of $31,000.
Of the 950 units, 295 will be priced lower than 60 percent Average Median Income — $46,600 for a family of three. Two hundred apartments will be priced between 60 to 100 percent AMI — $77,000 — and 242 will be priced at 131 percent AMI — $101,000. The cap will be 150 percent AMI.
So clearly most of those apartments are not affordable to minimum wage or welfare people. The gentrification of Harlem has sped up big time. Of course the "affordable" portion of these units is only for the duration of the tax incentive and then they get to go market rate.
I have never been to this area, but based on the consensus of the posters here it appears that it's a bad area in general, regardless of time of day. Is that true? Has quality of life improved at all? As mentioned above, the rise of gentrification in Harlem is certainly on the move.
I have never been to this area, but based on the consensus of the posters here it appears that it's a bad area in general, regardless of time of day. Is that true? Has quality of life improved at all? As mentioned above, the rise of gentrification in Harlem is certainly on the move.
it kinda improved with the new task force in the area. Certain blocks are better than others. 120th between first and second is fine, while one should stay away from 121st and 122nd completely. 123rd is shady too, while 124th between second and third is fine. Either way, they're gonna re brand 125th as Harlem's 34th street. It's inevitable.
So clearly most of those apartments are not affordable to minimum wage or welfare people. The gentrification of Harlem has sped up big time. Of course the "affordable" portion of these units is only for the duration of the tax incentive and then they get to go market rate.
No, they're not affordable to those people, that's who they want out. East Harlem is prime real estate. I see a complete uptick of razing first, and second avenue buildings for towers, and restaurants. Soon as the SAS reaches 125th, sh** will get real
No, they're not affordable to those people, that's who they want out. East Harlem is prime real estate. I see a complete uptick of razing first, and second avenue buildings for towers, and restaurants. Soon as the SAS reaches 125th, sh** will get real
All of 125th street is prime real estate- it's infrastructure is akin to 59th and 42nd.
I feel strongly against using that term though... 'that's who they want out'.
The goal is to maximize profit in this development- not displace people.
Depending on the vacancy rates of the new units- and density of them, there's a good chance for everyone who is priced out, someone new will move in. They don't care if those are the same people who lived there before or new people, just anyone who can afford it.
Some New Yorkers are slow to wake up and realize- if you rent something that has a fluctuating value, it may not be yours forever. Odd some are having that revelation so late for a city so deeply rooted in finance.
it kinda improved with the new task force in the area. Certain blocks are better than others. 120th between first and second is fine, while one should stay away from 121st and 122nd completely. 123rd is shady too, while 124th between second and third is fine. Either way, they're gonna re brand 125th as Harlem's 34th street. It's inevitable.
I always find it fascinating how things could change in a matter of one or two blocks, going from being a decent area to very bad one. Is that due to public housing, or is drug trade,etc more relevant in those areas?
No, they're not affordable to those people, that's who they want out. East Harlem is prime real estate. I see a complete uptick of razing first, and second avenue buildings for towers, and restaurants. Soon as the SAS reaches 125th, sh** will get real
I think much of the development will already be there before the SAS reaches 125th Street. Though of course prices will go higher once the SAS reaches 125th Street.
All of 125th street is prime real estate- it's infrastructure is akin to 59th and 42nd.
I feel strongly against using that term though... 'that's who they want out'.
The goal is to maximize profit in this development- not displace people.
Depending on the vacancy rates of the new units- and density of them, there's a good chance for everyone who is priced out, someone new will move in. They don't care if those are the same people who lived there before or new people, just anyone who can afford it.
Some New Yorkers are slow to wake up and realize- if you rent something that has a fluctuating value, it may not be yours forever. Odd some are having that revelation so late for a city so deeply rooted in finance.
You can't maximize profit WITHOUT displacing people. That's just the way it is.
I think much of the development will already be there before the SAS reaches 125th Street. Though of course prices will go higher once the SAS reaches 125th Street.
I digress. I say after it's completed to 125th, EH will see a BOOM in development. No one wants to live in EH now, or the gentry masses woulda already been there
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