The intersection of 125th Street and Lenox Avenue, already a hub of development, could get another big project. The Real Deal reports that a 200-unit, 15-story mixed-use building could sprout at 64-75 West 125th Street. Developer DHA Capital is close to finalizing a land-lease deal with the Fata Organization that would give them control of 150 feet along 125th Street. The proposed building, designed by GF55 Architects, would hold seven levels of retail.
The project joins a slew of others. the Whole Foods shopping center is rising on the other side of Lenox Avenue, and another commercial complex, anchored by a Bed, Bath & Beyond is coming to 5-15 West 125th Street across the road. Just a few blocks away, you'll find Bruce Eichner's 1800 Park Avenue, the Victoria Theater redevelopment, and Extell's to-be-determined at 160 East 125th Street.
· DHA Capital close to nabbing land lease on 125th St.: source [TRD]