Address: 175 East 125th st
Amount to be invested: N/A
Total Square Footage: 139,833
Type of Property: Mixed use
By Simone Weichseibaum
The Salvation Army has its sights set on East Harlem, with plans to build a gleaming new affordable senior residence atop a refurbished community center on E. 125th St.
To help pay for the project, the organization aims to sell the Williams Memorial Residence – the popular senior home it opened 45 years ago in a former hotel on the Upper West Side – for a whopping $108 million.
The proposal is already attracting dogged adversaries, but the international nonprofit insists breaking ground in El Barrio makes the most economic sense.