The Janus Property Company has again expanded the footprint of the Manhattanville Factory District in West Harlem through the acquisition of site at 437 West 127th Street.
The 1,600 s/f vacant lot is centrally located within the District and connecting the Taystee Lab Building and Malthouse via a through-block passageway between West 126th and 127th Streets.
The property will be used as a landscaped passive recreation area and pass-through that will connect a contiguous pedestrian greenway from West 125th to 128th Streets across the District.
“This acquisition is an important piece of Janus’ vision of a publicly-accessible, pedestrian-friendly district,” said Scott Metzner, Founder and Principal of the Janus Property Company.
“Working closely with our landscape architect Terrain Work and the community, we are continuing to grow a unique and inviting outdoor space for the existing neighborhood and new commercial, community-facility and life sciences tenants.”
The lot will be landscaped as part of the greenway that will run from 125th to 126th Streets at the District’s Taystee Lab Building, through 126th to 127th Streets here and from 127th through the Malt House to a 30,000 square foot garden out to 128th Street.
“We worked with the community and the city to ensure a space that maintains and enhances the walkability and openness of West Harlem,” said Jerry Salama, Principal of the Janus Property Company. “With the upcoming completion of the Taystee Lab Building, we are realizing our vision of an open campus that will be the premier location for the city’s ascendant creative, innovation and life sciences industries.”
The Manhattanville Factory District is a 1.5 million-square-foot, multi-phase, master-planned campus that includes private and publicly-accessible outdoor space. It spans east from Amsterdam Avenue from West 125th to West 128th Streets.
A major focus of the District has been building a science and creative cluster into the existing West Harlem fabric. In addition to 460 West 126th Street, the District includes the Mink Building, Sweets Building and the newly-constructed 200,000 rentable square-foot Malt House and 350,000 rentable square-foot Taystee Lab Building.
ECDO, Forever Harlem was the seller in the transaction. The sale price was not disclosed.