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GlobeSt.com SPECIAL: Bidding Shows Harlem is Thriving

NEW YORK CITY-Many in Harlem real estate would argue more proof of its latest renaissance isn't necessary, but bidding for a state-owned site in a historic district is another piece of success story evidence.

By Amy Vaughn | Updated on May 07, 2001

NEW YORK CITY-Despite a downturn that is starting to be felt in the commercial sector nationally, Harlem has continued to succeed in its revitalization. While experts have predicted fringe properties will be hurt the most, Bob Eychner of Eychner Associates says in a GlobeSt.com interview, “I no longer consider Harlem to be fringe.” He adds, “From January to April 15 we had a flat market, but in Harlem there was full steam in the sails.” Now Eychner Associates is one of many bidding on a state-owned property in Mt. Morris Park.

Eychner explains that the property is a seven-story former correctional facility in one of five historic districts in Harlem. The state has a mandate to sell the property, which is in a residential community and also zoned for such a purpose. RFPs have gone out requesting interested parties to outline renovation and future use plans. Eychner says the project will not necessarily go to the highest bidder, but to the one whose plan most closely meets the goals of the state.

“Our plan is to create full-floor lofts,” Eychner says. “There are not that many loft-style buildings in the area and I think it would be very desirable. Having been owned by the state, it’s in institutional condition, meaning the infrastructure is in tip-top shape. We will propose to take out all of the small cell units and offices and open it up, creating clean, white boxes. We’d also put in high-tech infrastructure.

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