Extell Development Makes A Mark In Replacing Former East Harlem Pathmark

A closed Pathmark that has an entire block of 125th Street in East Harlem for five years will be developed into a nine-story office tower.

The tower will have more than 350,000 square feet of commercial space, according to plans filed with the city Department of Buildings this month.

Extell Development filed plans with the city to construct the new 120-foot-tall office development in early April, according to city records. The firm filed demolition plans for the existing block-length, two-story structure in February.

Extell, which is best known for developing some of New York’s largest luxury residential buildings, will also include a 40,851-square-foot community facility in the development. Tenants for the community space and offices have not been announced.

The site, located at one of the busiest intersections of East Harlem’s main commercial street, has remained vacant since the grocery store closed.

The Pathmark that previously occupied the East 125th Street block between Third and Lexington Avenues closed in 2015. The site, located at one of the busiest intersections of East Harlem’s main commercial street, has remained vacant since the grocery store closed.

Extell acquired the block-long development site in several real estate acquisitions totaling $70 million…

Extell acquired the block-long development site in several real estate acquisitions totaling $70 million, real estate publication the Real Deal first reported. The buying spree began in 2014 with the sale of the supermarket property for $39 million and later a buyout of the business’ lease for $21 million, according to the report.

Read the entire article here.

About Harlem World Magazine

Harlem World Magazine is a lifestyle and brand for anyone who has a Harlem state of mind, dedicated to news, history, the renaissance and stories that celebrate our lifestyle.

Leave a Reply