CityRealty Insider > New Developments in the News

New Developments in the News

APRIL 20, 2009

Economic slowdown hits Seaport Owners; Marketing Begins at a Pretty Pair of West Harlem Homes

General Growth Properties, Inc., owners of the South Street Seaport in Lower Manhattan, has filed for bankruptcy protection. The company is the second largest owner of shopping malls in the United States, counting among its properties Faneuil Hall Marketplace in Boston. This news accompanies the recent Federal Reserve "Beige Book" report which found that the economy in the New York metropolitan region "has continued to contract since the last report, though at a more subdued pace."

Marketing is underway for an elegant pair of condominiums on West 123rd Street in Harlem. The topaz glass-windowed residences, known as Windows on 123, offer 26 condominiums in the 117 West 123rd Street address, while #129 will consist of 8 floor-through residences. Amenities will include a part-time doorman, a garage, a fitness center and a roof deck. Apartments will also feature thermal windows, white oak flooring, central heating and air-conditioning, radiant heating in floors in the bathrooms and terraces and balconies covered in Pietra Sierra limestone as well as top-of-the-line appointments in kitchens and baths.

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