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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

The Real Deal

Harlem Hotspot Goes Upscale

Photo: Retail interest at the Langston in Hamilton Heights has grown.

Home furnishings stores have fallen hard for Hamilton Heights as they seek to se4t up shop at the Langston, a swanky new residential condo development that opened in April.

Scott Auster, a Ripco Real Estate broker says he is negotiating with four home furnishings retailers for the Langston’s two remaining retail spaces at Bradhurst Avenue.

The home furnishings stores would join an accelerating retail evolution in this gentrifying Harlem neighborhood. The 180 unit Langston, which is nearly sold out, is part of a flurry of new construction and conversions.

“With all the residential development there is more demand for middle price point home furnishing,” says Auster, who represents the Langston’s developers, Gotham Organization and the Richman Group.

Any retail newcomers to the Langston will join big names. This month, New York Sports Club is slated to open what it bills as the first major health club above 125th Street. It said strong demand led it to expand its lease by 4,000 square feet to 20,000.

A Bank of America is slated to open later this year in a 4,500 square foot space. Starbucks opened a roughly 1,500 square foot café in June, marking a return to the neighborhood for the coffee chain- a store on 138th Street and Broadway opened in 2001 and closed in 2004.

“They were probably about five years too early there,” says Patrick O’Malley, senior director at Massey Knakal Realty Services.

Wednesday, October 03, 2007

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