Located in East Harlem, the Corn Exchange is a landmarked building on the corner of East 125th Street and Park Avenue. This project was given special priority for development by the City of New York under the auspices of the NYC Economic Development Corporation (NYCEDC).
In 2007, the building was slated for redevelopment by the previous private owner. However, when the developer failed to live up to its promise to redevelop the site, the project was abandoned and in 2009, the site was recaptured by the NYCEDC.
Since this redevelopment was unsuccessful and the building was not properly cared for, all but two floors of the existing structure were demolished under emergency repair order.
As a landmarked building, the Corn Exchange underwent extensive review by the New York City Landmarks Commission in conjunction with the project developers and architect. The project was approved by the New York City Landmarks Commission, and a Landmarks permit was issued on July 10, 2013.
Fast forward to 2015, the Corn Exchange stands proudly at the corner of 125th Street and Park Avenue. The new development consists of a seven-story building with retail operations on the first two floors and commercial on the top five floors. The total development consists of approximately 38,180 total gross square feet.
With such a remarkable history, this historic building is once again reborn, and although it never really left, The Corn Exchange is welcomed back into this vibrant neighborhood that it has always called home.
Status: Built
Location: New York, NY, US
Firm Role: Historic Restoration and Reconstruction of a Landmark Building