Was it only three months ago that the gentrification of 125th Street seemed to have ground to a halt? Back in March, shopping mall developer Kimco wasn't able to find financing for its six-story office/retail project and had to invite back at least one of the evicted former tenants. How quickly things change! Today Kimco tells the Wall Street Journal that it's seeing new life in the strip of buildings it owns at 125th Street and Frederick Douglass Boulevard. The developer wouldn't give too many specifics, but one exec said several big-box retailers are suddenly a lot more interested in the spot. Kimco's now aiming for a 2011 project completion date. Guesses on the big-box tenant?
· Harlem Project May Lure Large Store [WSJ]
· Slow Going on Transformation of Harlem's Retail Row [Curbed]