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Salvation Army

[/vc_column_text][vc_column_text]Address: 175 East 125th st

Tenants: N/A

Amount to be invested: N/A

Total Square Footage: 139,833

Type of Property: Mixed use

News Article

By Simone Weichseibaum

The Salvation Army has its sights set on East Harlem, with plans to build a gleaming new affordable senior residence atop a refurbished community center on E. 125th St.

To help pay for the project, the organization aims to sell the Williams Memorial Residence – the popular senior home it opened 45 years ago in a former hotel on the Upper West Side – for a whopping $108 million.

The proposal is already attracting dogged adversaries, but the international nonprofit insists breaking ground in El Barrio makes the most economic sense.

http://www.nydailynews.com/new-york/manhattan/exclusive-salvation-army-unveils-plan-house-uws-seniors-east-harlem-article-1.1831942

 

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