Posted Feb 19, 2014, 5:35 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,866
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http://therealdeal.com/blog/2014/02/...harlem-towers/
Community Board OKs variance for tallest Harlem towers
Continuum Company gets go-ahead for 32-story mixed-use project on 125th Street
February 19, 2014
Quote:
Community board 11 in East Harlem voted unanimously yesterday to allow a zoning variance that will let developer Continuum Company build a mixed-use project to 32 stories. If the project goes as planned, the towers will be the tallest in Harlem.
The complex, at 1800 Park Avenue, will hold 63,000 feet of retail space and 682 apartments. Under current zoning, the developer would have to create 403 parking spaces and reduced the retail component.
But with this okay from the board, the project will likely get the go ahead from the City Planning department. The towers, at 125th Street, should be complete by 2017.
“We think the trade-off between parking and retail is beneficial to the neighborhood,” George Sarkissian, district manager of Community Board 11, told the New York Daily News. “Those additional jobs are important to a community that is struggling with 17 percent unemployment.”
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http://www.nydailynews.com/new-york/...+Estate+Rss%29
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