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NEW YORK CITY-The City Environmental Quality Review process is proceeding for Uptown NY, a mixed-use approximately $140-million effort that is expected to bring 700,000 sf of retail and commercial space and 1,500 housing units for mixed incomes to a multi-block area in the 125th Street corridor. In total, the project is expected to be completed by 2016.
The developer, Urban Strategic Partners LLC, a joint venture of Grid Properties and the Gotham Organization, plans smaller outlet, specialty and local retailers and restaurants at street level with regional and national retailers and entertainment uses above. They stress that it will not be a mall with common indoor space shared by all tenants. Parking will be available for more than 1,000 cars, but the site is designed to be pedestrian oriented.
The residential aspect will be a mix of low-income, affordable and market-rate units. The specific mix and the amount of for-sale versus rental housing has not yet been determined. The roof of the three-level retail platform will provide outdoor open space for the residences. Other options the developers are exploring include a media center or cultural component.
The project will be housed on three contiguous sites. The first is located on the southeast corner of 125th Street and Third Avenue, the second is on the entire block bounded by 125th and 126th streets and Second and Third avenues, and the third is on the block bounded by 126th and 127th streets and Second and Third avenues.
The site is within the Harlem/East Harlem Urban Renewal Area. Urban Strategic Partners' development, to be known as Uptown NY, the New York City Economic Development Corp. anticipates the project will create approximately 1,000 permanent jobs and 600 construction jobs. The partnership previously developed the $66-million Harlem USA retail and entertainment complex.
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