The Corn Exchange (above) at Park Avenue and East 125th Street was "hardly more than a flutter on a hospital monitor" last spring, but a few months ago, the city brought out the defibrillator and started taking bids for the building's purchase or lease. A developer, the not very revealingly named 125th Equities LLC, has now been selected, according to a press release from the city. The developer plans to "rehabilitate the historic base of the building and reconstruct an additional six floors to restore the building in a manner that is consistent with its landmark status." The redeveloped building will end up being about 31,000 square feet?22,000 square feet of offices and 9,000 of retail. The developer promises to bring any changes before the Landmarks Preservation Commission.
The Corn Exchange Building isn't the only Harlem spot facing some major changes in the near future. The city has also chosen developers Janus Partners LLC and Monadnock Construction to redevelop the former Taystee Bakery complex into something called CREATE @ Harlem Green, which will have commercial and industrial space for "tenants from creative industries" and "ground floor uses that activate the streetscape." We're not totally sure what that means, but since what's there now doesn't do much to activate the streetscape, we give this a tentative thumbs-up.
UPDATE: The city passed along a rendering of the plan for the former Taystee Bakery complex, and it looks like this:
· Corn Exchange coverage [Curbed]