The 13,500-square-foot lot at 2040 Frederick Douglass Boulevard, described by the city as the last underutilized piece of property on Central Park, was bought by Artimus for $25 million.
2040 Frederick Douglass Boulevard will total 87,776 square feet, including a 4,677 square foot commercial component, and an 8,481 square foot community facility. A retail component with a minimum 8,000 square feet space is expected to house a restaurant.
The remaining 74,621 square feet will be divided between 56 residences, and the building will stand 12 stories and 140 feet tall.
2040 Eighth Avenue’s redevelopment is a boon for the neighborhood at large, as the BP gas station had survived long past its prime.
While the revitalization of Harlem began relatively recently, the site of FX Fowle’s latest building is situated in a prime location — the Uptown equivalent of Columbus Circle.
Given the accessibility of the site, the planned scope of 2040 Frederick Douglass is underwhelming, as the lot is literally adjacent to the B and C trains.
Many developments in New York do not meet their full potential and it is unfortunate that something on a scale befitting the potentially iconic location is not being built.
No completion date has been announced.
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