READ: NEW BUYER AT 1800 PARK AVENUE

The development of Harlem's tallest building at 1800 Park Avenue and 125th Street never took off because of financial issues which appears to alway be an issue for the site.  YIMBY reports that the notable Durst family has now purchased the huge parcel by the elevated Metro North train tracks for roughly $91 million which is a lot more than the original $65 million loan that the previous owner defaulted on.    As we mentioned previously, once another buyer comes along, history has indicated that new plans will most likely come about and this case is no different.

Apparently the new designs will only entail 24 floors all together instead of the original 32 levels and will still have almost the same amount of units which is now set at 670 apartment.  More details on this article can be found on YIMBY: LINK