NEW YORK CITY-The New York City Economic Development Corp.has designated a city property at 2040 Frederick Douglass Blvd.in Morningside Heights for a new, mixed-use project, according to the Commercial Observer.
Artimus Construction, which won an RFP process initiated by the NYCEDC in February and paid $25 million for the site, plans to transform the corner of 110th Street and Frederick Douglass Boulevard, currently occupied by a BP gas station—near the northwestern corner of Central Park, into a 125,000-square-foot development with more than 50 apartments, retail and a new space for a dance company.
“Artimus' proposal compellingly meets the goals set forth in the RFP to bring new market-rate and affordable housing, significant community space with strong ties to the local community, and new commercial space to the area, and they have a strong record of successful projects in the neighborhood,” says a NYCEDC spokesperson.”
The community component will house Millennium Dance Company, which sources say could move from its existing 3,000-square-foot space at 2542 Frederick Douglas Blvd., growing into the new space that will span a minimum 8,600 square feet.
A majority of the square footage will lie in the project's minimum 56 apartments—at least 20% of which must be affordable—and a retail section with at least 8,000 square feet space, which likely will house a restaurant.
“We are proud and excited to have been selected as the developer, and would like to thank EDC for its work in helping to revitalize this important corner of Central Park,” an Artimus spokesperson says.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
