New Development: Fifth on the Park
First came 1400 on Fifth and now comes Fifth on the Park. This development is described as follows:
A new high-rise, mixed-use building that will occupy the full-block front of Fifth Avenue between 119th Street and 120th Street in New York City. The project will be located directly across the street from the 20-acre Marcus Garvey Park, 10 blocks from Central Park and five blocks from the 125th Street corridor.
The building will include a 38,000-square-foot church for the Bethel Gospel Assembly, the previous owner of the land. Above the four-story, 1,800-seat church sanctuary, the developers will build a 26-story residential tower that will include approximately 50,670 square feet of affordable rental apartments, 247,000 square feet of market rate condominiums, and a 117-space subterranean parking garage.
The residential floors will have views of Central Park, Marcus Garvey Park and the Manhattan and Harlem skylines.
Related: Real Estate Run-Down
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I agree with Ziggy’s comments. Affordable to whom? These apartments will each cost millions of dollars, let’s not fool ourselves, this building has a pool, gym, doorman and 24-hour concierge after all. You can’t afford to buy the apartments and New York City’s ridiculously out-of-touch affordable limits price a lot of deserving people out of eligibility for a so-called affordable apartment. The affordable rents for this place will either be very low or way beyond what most people would call affordable or even reasonable.
these high rises look like any other neighborhood in a big city. where is the creativity. build something the reflects the community in a unique way.
Get Over!
Don’t you all forget, we live in Manhattan.
It is about time that Harlem becomes part of Manhattan. With its diversity, services, mixed income and safety.
Why are the “affordable” units rentals? Lets be honest, who will be buying and who will be renting. Long time Harlemites who are edging up to the middle class (my interpretation of middle class in NYC is family of four making $100K-150K)would still get priced out of this deal. Too much income to apply for subsidy, not enough income to get a mortgage for an $800,000 apartment. Housing for the poor as well as the middle class should be a priority for all of us in Harlem. All of the new construction and new business is fabulous and welcomed, but housing is a necessity not a privilege.
Oh, hell no.
Why would you put that monstrosity right next to one of the most beautiful brownstone blocks in Harlem?
Nothing against new construction — I was wondering when they were going to build something on that site — but 20+ stories (and a parking garage?) is just too damn big. It’ll overwhelm the neighborhood.
Great news, several hunderd more well heeled Harlemites, more demand for services, more diversity.
2007 Will be a great year for Harlem as these Luxury condos populate.