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Developer Bows Out of East Harlem Megaproject

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The latest East Harlem game-changer to suffer a hiccup also happens to be one of the neighborhood's biggest and most eagerly anticipated developments: the East Harlem Media, Entertainment and Cultural Center. The mixed-use megaproject is supposed to get underway this year on some mostly vacant lots along East 125th Street?mostly vacant, that is, except for the handful of property owners now fighting to hold on to their land. In a report on the controversy, WNYC turned up this chewy morsel of new information: Troubled developer General Growth Properties has dropped out of the project. The city has been trying to downplay the bankrupt company's involvement for months, and now the other partners say they're moving ahead on the housing component and will deal with the retail headaches later. And so the EHME&CC limps along, and with a catchy nickname like that, how can it fail?
· Suit Challenges Public Benefits of E. Harlem Development [WNYC]
· East 125th Street Megaproject coverage [Curbed]
· East Harlem Media, Entertainment and Cultural Center plans unveiled [NYREJ]