Streetview of Second Avenue between East 125th and East 126th Streets © Google 2024
New York City is seeking a developer to transform a city-owned site in East Harlem, vacant for nearly 20 years, into 140 homes. The city’s Economic Development Corporation (NYCEDC) on Monday released a request for proposals (RFP) for the redevelopment of an empty lot known as “B-East,” located on Second Avenue between East 125th and East 126th Streets, that presents a “significant opportunity” to deliver mixed-income housing, retail, and other community uses. Upon redevelopment, the lot, a key component of the 2008 East 125th Street rezoning, is estimated to deliver roughly 140 housing units.
Led by the NYCEDC and the city’s Department of Housing Preservation and Development, the East 125th Street development spans three parcels situated on roughly six acres in East Harlem, from East 127th Street to East 125th Street, and from Third Avenue to Second Avenue.
The project is intended to deliver approximately 1.7 million square feet of new residential, retail, and commercial space, while driving local economic growth and job creation, encouraging private investment, and improving quality of life…