Real Estate Weekly
Image default
Construction & Design Featured Retail

Trader Joe’s coming to Harlem

The Prusik Group, BRP Companies, L+M Development Partners, and Taconic Partners have signed a 28,000 s/f lease with Trader Joe’s in Harlem.

The popular grocery chain will join Target as the retail anchors of the new $242 million Urban League Empowerment Center mixed used development now under construction at 121 West 125th Street.

The 17-story Urban League Empowerment Center will house the National Urban League’s headquarters and the state’s first civil rights museum as well as 170 units of supportive and affordable housing for low-income New Yorkers, 70,000 s/f of office space and nearly 90,000 s/f of retail.

Target already signed a lease for a new 44,000 s/f store and the office space tenants include several locally based non-profits, including the United Negro College Fund, 100 Black Men, Inc. and Jazzmobile. The project, designed by Beyer Blinder Belle, is expected to be completed in 2023. Dabar Development Partners is the Owner’s Representative for the National Urban League.

S. ANDREW KATZ

“This continues to be a dream project for our development team,” said S. Andrew Katz, principal of The Prusik Group. “We are beyond thrilled to bring the National Urban League back to Harlem, open the first civil rights museum in the state, and now, one of most beloved grocery stores in the country alongside it. We’re looking forward to welcoming the community to what will be a cultural and commercial hub for Harlem in 2023.”

Kenya Friend-Daniel, PR Director at Trader Joe’s, added,  “We are excited to open our doors in this groundbreaking location, and we look forward to serving Harlem, a community rich in culture and diversity, as their neighborhood grocery store.”

Announced in August, the Urban League Empowerment Center will be a new hub for living, working and culture for the Harlem community and broader city. Its centerpiece will be the state’s first civil rights museum, which will focus on the significant contributions of civil rights activists in the northern half of the United States.

The Urban League Empowerment Center is located at 121 West 125th Street in Harlem between Adam Clayton Powell, Jr. Boulevard and Lenox Avenue, and is being developed in partnership with Empire State Development, New York State Homes and Community Renewal and the Harlem Community Development Corporation.

Additionally, funding for the project also comes from a range of private sources, including the Goldman Sachs Urban Investment Group, Upper Manhattan Empowerment Zone Development Corporation, Red Stone Equity Partners, and Santander Bank, N.A.  Additional partners include New York State Office of General Services, New York Foundling, New York City Economic Development Corporation and the Settlement Housing Fund, Inc.

(Visited 1 times, 4 visits today)

Related posts

Gyms finding their way back to New York after COVID pause

REW

Real estate industry most tolerant of drunk or high employees, survey reveals

REW

Churchill looks to offload Seaport apartment building for $26M

REW