5 West 125th Street
Harlem, New York
Construction Date: 2012 (estimated)
Number of Floors: 5 (1 subterranean)
Gross Leasable Area: 125,000 (estimated)
Population (1 mile): 231,099
Retail Sales (1 mile): $2.4bn
5 West 125th Street is a new mixed-use commercial development in the heart of Harlem’s expanding business district. The property sits on 120 feet of frontage on 125th Street at the intersection of 5th Avenue and will contain 125,000 square feet of retail and office mixed-use space. The property has an anticipated completion date in the fall of 2012.
MPI provides leasing and property management on behalf of the property.
About the Trade Area:
The bustling Harlem retail corridor features H&M, Marshall’s, Old Navy, Staples, Applebee’s, CVS and Starbucks. The area features a diverse consumer base of more than 600,000 residents and over 800,000 visitors per year. More than 724,000 subway riders and 175,000 Metro-North commuters pass through the hub each day. Local cultural institutions include The Apollo Theater, the Harlem School of the Arts, Lenox Lounge, the Studio Museum in Harlem and the National Jazz Museum.
Rezoning has been approved for 2 million square feet of additional commercial space in the area.