Monday, February 3, 2020

City Planning Commission Votes in Favor of Lenox Terrace in Harlem

 
The largest private affordable housing initiative in Harlem took a major step forward today as the City Planning Commission voted 11-1 (with one abstention) to approve the plan for Lenox Terrace.

More than 60 years after The Olnick Organization built Lenox Terrace, the plan will add approximately 400-500 affordable apartments – including some 160 units available to people earning minimum wage – new neighborhood-focused shops and restaurants, six acres of landscaped green space, and a wide array of amenities available to all Lenox Terrace residents, all at no additional cost to current residents.

The project is expected to create over 2,700 on-site construction jobs and 300 permanent jobs, and result in the spending of several hundred million dollars at area businesses. It also will include a new home and urban farm space for Harlem Grown, the beloved community-based nonprofit.

Click here for the full article.

Source: Real Estate Weekly

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