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Uptown NY Project Winds its Way Through Approval Process

NEW YORK CITY-A revitalization effort to being a mixed-used development to the 125th Street corridor makes headway as it goes through the city approval process. The first phase of the residential aspect is expected to be completed in 2010 with the total project completed in 2016.

By Barbara Jarvie | Updated on July 24, 2005

NEW YORK CITY-The City Environmental Quality Review process was recently initiated 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 vs. 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.

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