Real Estate Week reported that MADD Equities is moving forward with a new Harlem development, after closing on a $15 million loan for the acquisition of the final site ~ with the entire lot encompassing 124 – 132 East 125th Street, which includes the old Apple Bank building. Demolition expected in 2022, with anticipated completion in 2024.
According to Urbanize, the new 100,000 square-foot structure will include office, retail and a community center. Here’s a first look. The complex will be designed by Aufgang Architects, who redeveloped the historic Victoria Theatre, on the other end of 125th Street in Harlem.
125th Street in East Harlem has seen a constant stream of renovations and building over this past several years. We thought this might be a good time to review what we know about projects coming to East Harlem this year, and continue to update as the year unfolds.
In addition, the Second Avenue Subway extension, which will run to a new station between Park and Lexington Avenues, will affect new building along East 125th Street (Durst and Extell) ~ an Update Here.