Lenox Terrace Gets Green Light

They say that "The squeaky wheel gets the grease", "Persistence is key" “Do not fear failure but rather fear not trying.”

Well, after being denied several times last year, persistence for one developer certainly paid off. Olnick Organization's plan to bring a mixed-use development with five buildings and 1,600 apartments to Central Harlem got a much-needed approval on Monday. The City Planning Commission voted in favor of an application from the Olnick Organization to rezone part of the neighborhood, clearing the way for five 28-story luxury towers to be constructed at the existing Lenox Terrace complex (between Lenox and Fifth Avenue and West 132nd Street and West 135th Street). The project by Olnick would house more than 1,600 housing units and 160,000 square feet. According to the developer, roughly 400 apartments would be designated affordable under the city’s Mandatory Inclusionary Housing program, with about 160 units available for those earning minimum wage. Olnick claims the project would be “the largest private affordable housing initiative in Harlem.”

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