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Harlem Project Announced
1800 Park Ave LLC and the Marriott Corporation announced
plans to construct a 585,000-sq.-ft. mixed-use development
including Class A office and retail space, as well as Harlem's
first major hotel, a Marriott Courtyard.
The $190 million project is being developed by 1800 Park
Ave LLC which includes developer Michael Caridi of Majic Development
Group, and Raymond Caldiero, the former vice president and
assistant to the chairman of Marriott Corporation and former
vice president of Northwest Airlines. It is being designed
by Enrique Norten of the architectural firm TEN Arcquitectos
+ Designgroup International. It will break ground in the first
quarter of 2004 and is scheduled to open in December 2005.
Ground Broken on White Plains Project
Construction officially started on The Shoppes on Main, a
$17 million redevelopment of the former Sears store at 275
Main St. in White Plains, N.Y.
Ivy Equities of Montvale, N.J. and Barrow Street Capital,
a Manhattan-based pension fund advisor acquired the leasehold
of the three-story, 270,000-sq.-ft. retail building and are
embarking on a major upgrading and repositioning of the property.
The modernization project includes a complete electrical
upgrade, a brand new heating and air conditioning system,
new escalators, brand new tenant installations and a major
garage upgrade, including new lighting, improved security
and new traffic patterns. It is expected to be completed in
the second quarter of 2004.
Law Firm Fit-Out Underway
The New York office of Gardiner & Theobald has assumed the
duties of project manager for the construction of the new 380,000-sq.-ft.
offices of law firm Clifford Chance US LLP at 31 West 52nd St.
Nearly two years prior to choosing a location for its offices,
Clifford Chance retained Gardiner & Theobald in preparation
for the move. In the new space, formerly the headquarters
of Deutsche Bank, the law firm will have 14 floors of offices,
as well as a state-of-the-art conference center and full-service
cafeteria and catering facility for the staff. Anticipated
move-in is May 2004. The Gardiner & Theobald team includes
director Jonathan Andrew and project manager Antony John Biddle.
Ground Broken on Senior Residence
Construction officially started on The Shoppes on Main, a
$17 million redevelopment of the former Sears store at 275
Main St. in White Plains, N.Y.
Ivy Equities of Montvale, N.J. and Barrow Street Capital,
a Manhattan-based pension fund advisor acquired the leasehold
of the three-story, 270,000-sq.-ft. retail building and are
embarking on a major upgrading and repositioning of the property.
The modernization project includes a complete electrical
upgrade, a brand new heating and air conditioning system,
new escalators, brand new tenant installations and a major
garage upgrade, including new lighting, improved security
and new traffic patterns. It is expected to be completed in
the second quarter of 2004.
ICS to Build Medical Facility
Metropolitan Lithotriptor Associates, PC has selected ICS
Builders, Inc. of New York, N.Y. as general contractor for
the construction of its new facility at 222 Westchester Ave.
in White Plains, N.Y.
The 5,600-sq.-ft. treatment center will replace Metro Litho's
existing 2,100-sq.-ft. office at the same building. The construction
phase, following a three-week period of pre-construction activities,
was scheduled for completion in December.
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