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.