If you happen to’re uninterested in reading concerning the dire difficulties of the office market and low physical attendance, take heart: there are some daring new office projects, although not in Midtown or Downtown Manhattan.
In a new mixed-use development at 121 W. a hundred and twenty fifth St., Taconic co-founding partner launched a 90,000-square-foot office lease campaign in the building — a daring addition to Harlem’s limited office stock and maybe the one Class A asset.
Newmark’s marketing campaign began even before a precise timeline for completion of several elements of the 414,000-square-foot project was set, although a provisional occupancy permit is anticipated this summer.
Asking rents have not been disclosed, but are prone to be higher for new high-tech floors than typical rents of around $40 to $50 per square foot in older buildings.
The ambitious $242 million development on bustling West a hundred and twenty fifth Street between Malcolm X and Adam Clayton Powell Boulevards is officially the Urban League Empowerment Center and will serve because the venerable organization’s new headquarters, as first reported.
It’s also expected to have 170 inexpensive rental units and a total of 90,000 square feet of retail space.
Office tenant amenities include an 8,000-square-foot rooftop terrace.
![The mixed-use project will house Target and Trader Joe's.](https://nypost.com/wp-content/uploads/sites/2/2023/05/NYPICHPDPICT000011394996.jpg?w=1024)
![Office tenant amenities include an 8,000-square-foot rooftop terrace.](https://nypost.com/wp-content/uploads/sites/2/2023/05/NYPICHPDPICT000011394998.jpg?w=1024)
Stores include Goal and the primary Trader Joe’s in Upper Manhattan.
They reflect the strong energy of retail along Harlem’s most famous street, where some stores stand empty but where the trajectory is generally upward.
Taconic cooperates with L+M Development Partners, BRP Firms and Prusik Group.
Taconic Vice President Jane Luger said, “As more businesses move from traditional office districts to areas where their employees live, the project offers businesses and organizations a unique offering of well-designed offices in the guts of Harlem.”