Gentrification a win-win deal for developers and residents.Gentrification gentrification, the rehabilitation and settlement of decaying urban areas by middle- and high-income people. Beginning in the 1970s and 80s, higher-income professionals, drawn by low-cost housing and easier access to downtown business areas, renovated deteriorating in Harlem means the need for more, better housing. But in the case of Strivers Gardens, it also means turning an empty, depressed space into something useful. The new affordable housing complex, located at 300 W. 135th St., one block from the City College of New York “City College” redirects here. For other uses, see City College (disambiguation). CCNY was the first free public institution of higher education in the United States[3] and a half-block from St. Nicholas Park St. Nicholas Park is a New York City public park located in Harlem at the intersection of Manhattan neighborhoods Hamilton Heights and Manhattanville. The nearly 23 acre park is contained by 141st Street to the north, 128th Street to the south, St. , will feature 170 luxury condominiums. Bernard Friedman, co-owner of Strivers Gardens Realty LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the developers of the project, said he hoped occupancy of the under-construction building could begin in January 2005. Bernard Friedman and his brother Robert Brother Robert was a cleric working in Norway who adapted several French literary works into Old Norse during the reign of Norwegian king Haakon IV of Norway (1217 – 1263). are collaborating on the project. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Friedman, the development will be a welcome addition to what would otherwise be a barren lot. "It's being built on a piece of land that's been sitting there for 10 to 12 years," Friedman said. "It's going to be a welcome addition--a first-class addition--to what we build on the east side of Manhattan. People who live on 135th Street shouldn't be treated any differently than those who live on 86th." The Friedmans partnered with the Greater Harlem Chamber of Commerce to obtain government grants for affordable, yet luxurious, housing, where income requirements start at just about $48,000 and go up to about $157,000. Selling prices start at $140,000 for a one-bedroom apartment and go up to $317,000 to $529,000 for a penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. duplex. Owners will be selected via an upcoming lottery. The units feature parquet wood floors, designer kitchens with granite countertops, modern heating and air-conditioning units and luxurious bathrooms, as well as private terraces for select units. The building also features lush gardens, elegant courtyards and a modern exercise facility and recreational center. The Friedmans also hope to lease 40,000 s/f of retail space on the ground floor. An underground parking garage also will be provided. Perhaps most appealing is that the Friedmans plan to sell the retail space after its construction to a local investment group. "It's a win-win," Friedman said. "We build, we sell (units) and then we sell the commercial retail (space) to a local investment group. We put them in business." |
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