A new Renaissance by Marriott Hotel has topped off above Harlem’s historic Victoria Theater.
Developed by Exact Capital Group and the Lam Group, the 26-story, 210-key, Renaissance by Marriott, Harlem’s first world class hotel, and adjacent apartment tower “will enhance central Harlem’s main commercial corridor on West 125th Street,” said Craig Livingston, managing partner of the Exact Capital Group.
The site includes a 27-story residential building with 191 units, half of which are affordable, nearing completion to the hotel’s north.
The Victoria Theater’s original 1917 terracotta facade and ornate lobby, with a grand staircase, has been restored and will return to public use as the entrance. hen completed, the lower floors will feature a 25,000 s/f arts center, as well as the offices of the Classical Theater of Harlem, the JazzMobile, the Apollo Theater Foundation, and the Harlem Arts Alliance.
The building also includes 25,000 s/f of retail space, and the hotel will have a 5,000 s/fballroom, the largest in Harlem.
The $178 million project is sponsored by the Harlem Community Development Corporation. It is financed by Goldman Sachs, the Upper Manhattan Empowerment Zone and the Empire State Development Corporation.