After purchasing a five-building site at 54-62 West 125th Street this summer, Developer Jay Group recently secured $37 million in financing to develop the mixed-use property. Their 140,000 square-foot vision in Harlem, Manhattan includes one retail unit and the addition of 141 residential units to the area between Lenox and Fifth Avenues. The projected development site qualifies for both 421-a and Industrial and Commercial Abatement Program tax benefits for the mix of commercial and residential units—30 percent of which will be affordable. JFA is responsible for the design.
Permits have been filed for an eight-story mixed-use building at 1694 Church Avenue in the Flatbush-Ditmas Park neighborhood of Brooklyn. The site is on the same block as the Church Avenue subway station, serviced by the B and Q trains. Prospect Park is a few blocks to the north. Joel Kohn of the Jay Group is listed as responsible for the applications.
Permits have been filed for a substantial 17-story mixed-use high-rise at 56 West 125th Street, in Harlem, Manhattan. The site is half a block from the 2 and 3 trains, and three blocks from the 125th Street train station serviced by Metro North. This is one of several substantial new buildings filed for the neighborhood, showing the economic revitalization of Harlem is far from over. The Jay Group is responsible for the development.