Jay Group

54-62 West 125th Street Rendering

Jay Group Secures $37M Financing for Mixed-Use Development at 54-62 West 125th Street in Harlem, Manhattan

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.

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56 West 125th Street, via Google Maps

Permits Filed for 56 West 125th Street, Harlem, Manhattan

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.

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