Monday, August 27, 2012

☞ SHOP: High and Low at 111 Central Park North




The condo development known as 111 Central Park North has been trying to get better anchor tenants in at the lower commercial spaces facing the park and the results apparently have been mixed.  An $8 million penthouse sale back in 2008 makes this building one of the most expensive addresses to live in uptown and   homeowners in the building have tried to block chain stores such as McDonald's from arriving in the past: LINK.

A couple of commercial spaces in the building facing Lenox Avenue has since been leased out to Subway and a deli but all eyes have been waiting for what will arrive at the Central Park storefronts.  On the higher end, the Cooper-Hewitt Design Center has established itself at the one of these shops but the prime corner space has now been leased to Duncan Donuts.  A Starbucks would have probably looked better at this prime location but somehow that coffee chain decided to pass on the park views.

11 comments:

  1. I mean, better than it being empty, but Dunkin Donuts? They really didn't have any other takers?! Surprised Starbucks did not come through. Dunkins will be pretty packed.

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  2. It would have been MUCH nicer if they reached out to a entreprenour to open a local coffee place...Ala Lenox Coffee, etc.

    I have to say....the retail here at this building is not helping clean up the area at all. Do the condo owners have any say over who goes in there - the front doorstep of their huge investments in Harlem?

    Who owns the retail? the existing developer ? if so , these messy stores are not the way to go and are a real thumb in the eye of your condo buyer. IMHO

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  3. Perhaps those condo buyers might have noted that they are up the block from Lincoln Correctional Facility and have projects out the back before they shelled out the big bucks. I imagine Dunkin Donuts is going to do much more business than Starbucks would.

    Damn--now I'm having a doughnut craving.

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  4. Interesting article on the correction facility:

    http://www.themorningnews.org/article/prison-on-the-park

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  5. speaking of the Prison , why doesn't the state of New York sell it?

    I really do think it would benefit everyone to have the property back on the tax rolls.

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  6. Because our prisons are bursting at the seams. And I have my doubts that buyers would be lining up to buy this building.

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  7. Chelsea has a correctional facility right next to the Chelsea Piers,Frank Gehry's Building, Jean Nouvelle's Building and to doesn't seem to stop people buying million dollar 1 bedroom apartments!!

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    Replies
    1. And when 110th Street is as hot as West Chelsea it won't be a problem here, either. I shudder to think of the day.

      Meanwhile, relax and have a doughnut.

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  8. sanou - that is not exactly true. There are empty prisons upstate that are much cheaper to run.

    and there are plenty of developers who would jump at buying the Lincoln Correctional building.

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    Replies
    1. Not the first time I've been wrong. But this is a facility for work release. Hence the urban location.

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  9. fair enough Sanou :-)

    Now back to the poor leasing decisions at 111 CPN!

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