NEW YORK-A nursery that has been serving East Harlem residents’ horticultural needs for well over a decade has finally purchased the 12,000 sf parcel it has been leasing from the city for 14 years. The greenery was able to buy the property from the city’s Economic Development Corp., which is responsible for the sale of city-owned land.

Now that Dimitri Galanos, owner of the eponymously named Dimitri Nurseries, owns the land, he is planning an 18-month, $200,000 renovation and expansion project. Improvements will include construction of a retail store and as well as landscaping projects including garden waterfalls and pathways.

“In order to make capital improvements to the property he needed to have title,” says EDC spokesperson Janel Patterson. “It’s a standard business practice.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.