One of the last open lots on prime West 125th Street parcel of land still appears to be inactive for some reason. The corner of 125th Street at the north eastern side of Fifth Avenue looks like a small jungle now facing the brownstones in the area just a block from Marcus Garvey Park and the Mount Morris Park Historic District. We expected this location to develop more quickly than other areas now that the government is charging market rate taxes on old lots but nothing has happened as of yet. Does anyone have any details on the history of the plot and why the land has remained neglected in the past few years?
Rumor has it that the land owner is bitter from a previous development that went sour a few years ago and is only willing to sell only at "downtown" prices!!
ReplyDeleteDo we know yet what's going in at 8 West 125th Street? That could impact the selling price of this land.
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