Languishing Corn Exchange and Taystee Bakery Sites to Be Developed
July 13, 2011 9:07pm | By Jeff Mays, DNAinfo Reporter/Producer
HARLEM — Two languishing Harlem industrial sites - including one that has blighted the neighborhood since the 1970s - are slated to a get much-needed makeovers in what is hoped to be a shot in the arm to the local economy.
The long-decrepit Corn Exchange Building at 125th Street and Park Avenue in East Harlem will become office and retail space while the former Taystee Bakery complex in West Harlem will host, among other things, a brewery, Mayor Michael Bloomberg and the city's Economic Development Corporation announced Wednesday.
The projects, part of an effort to to strengthen the 125th Street commercial corridor, represent $116 million in private development that will provide 350,000 square feet of new commercial space and create 530 permanent jobs and 570 construction jobs, according to city officials.
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