Monday, May 24, 2010
☞ REVIVE: Mart 125 Closer to Development
Ever since the city proposed to develop the decrepit Mart 125 space as the new location for the National Jazz Museum a couple of years ago, nothing much has been going on. Today, Crain's reports that the next step for the two-story, former street vendor space on the north side of 125th Street (between FDB and ACP), is to have developers come up with proposals for the possible 67,000 square foot building which would also include the ImageNation Theater, a cafe and retail space on the ground floor. The old structure would basically be torn down and a building roughly six times its height will take its place. It's unclear why it has taken two years to put out the offer to developers but we are crossing our fingers that 2010 will be the next big year for 125th Street. All submissions are due on July 30th. Read more in today's Crain's: LINK. Read the NY Times article from 2008: LINK.