Construction is inching forward on HAP Investment Developers’ new residential venture at 329 Pleasant Avenue in East Harlem. Named HAP FIVE, the 21,500-square-foot ground-up project rises 8-stories tall and when finished later this year, will offer 20 studio, one- and two-bedroom apartments molded by award-winning designer Karim Rashid. HAP’s page on the development now specifies that the units will be rentals instead of condos. All units will offer open layout kitchen and living spaces and will have access to either a balcony, terrace or backyard.
In this article:
Since our last update in September, where we shared new interior renderings and announced the building’s topping off, the frame has been fully enclosed in glass, and the balcony slabs are getting their less-controversial hot-pink trim. As 6sqft reported in 2014, local residents voted for Rashid’s most subdued color scheme after being presented with five color concepts. Renderings of a more audacious scheme that included alternating magenta- and turquoise-colored balcony-enclosures proved jarring to many. Rather, the final look will be of quieter hues, specifically identified by Rashid as “translucent Cirrus with graduated Magenta balcony trim.”
The development rises within the quieter eastern extents of East Harlem and is a short walk from Thomas Jefferson Park and Rao’s New York – one of the most exclusive restaurants in the city. Situated between East 117th and 118th Streets, HAP Five is near East River Plaza, which may someday get its own residential redevelopment. The commercial center overlooks the East River and houses a Costco, Target, and Best Buy.
HAP Investment Developers has several other residential ventures underway Uptown. In East Harlem HAP TEN at 2211 Third Avenue has topped off and HAP Two at 2338 Second Avenue is nearly half-way up.