[Photo courtesy of frants/flickr]
Another huge Harlem rezoning, for the east end of 125th Street that will allow a 1.7 million square foot mixed use development, passed the City Planning Commission yesterday. There was none of the bitter fighting that preceded the bigger 125th Street rezone, which bore more of a resemblance to a neighborhood war than a planning decision. In this case, Vornado Realty Trust, General Growth Properties and Thor Equities are competing for the six-acre site. The development would include retail with national chains, local shops, restaurants, cinemas, nightclubs and a hotel. (At least that was the pre-financial meltdown plan.) It would also have up to 1,000 apartments. The site is between E. 125th and E. 127th Streets and Second and Third Avenues and has an MTA bus depot, parking lot, vacant land and a few businesses including a gas station. Previous efforts to develop the property fizzled. The city decided to go ahead with the rezone before picking a developer, causing some community tension. A developer will probably be picked before a City Council vote in October.
· Planning Commission OKs 125th St. Rezoning [Crain's]
· Planning Commission Approves E. Harlem Rezoning [Sun]
· Big E. Harlem Retail-Hotel-Apartment Development Coming? [Curbed]