Address: 5-15 West 125th st
Tenants: Bedbath & Beyond, Tj-maxx, Wework, & New York & Company.
Amount Invested: 30 million
Total Square Footage: 101,000 Sq Ft
Type of Project: Commercial
Clothing chain TJ Maxx is the latest tenant to sign on to Aurora Capital Associates and the Adjmi family’s mixed-use development at 5 West 125th Street in Harlem. The retail giant has signed a 10-year lease for 20,000 square feet at the planned 130,000-square-foot building, which is wrapping up construction in the next few months, according Jared Epstein, a vice president and principal at Aurora Capital Associates. The asking rent in the deal was $50 per square foot, as The New York Post reported.
By: Reid Wilson
Excavation was well underway back in 2013, when YIMBY reported on a large commercial project planned at 5-15 West 125th Street, in central Harlem. Since then, the project’s scope has increased from four to six stories, and also now includes a residential component of 30 units. The block-thru building is expected to have 75,000 square feet of commercial space, spanning from the cellar to the third floor, and the shorter 125th Street side is now getting its façade, per Harlem+Bespoke. The taller end on 126th Street is rising at a slower pace. Rosenbaum Design Group is the architect of record.