The new Harlem condominium on the site of the former Renaissance Ballroom & Casino will launch sales this summer, according to the building’s recently launched website which also reveals the studio to 3 bedroom luxury condominiums will be priced between $579,000 to $1.89 million. Known as The Rennie and located at 2351 Adam Clayton Powell Jr Boulevard, the building was developed by BRP Companies and designed by GF55 Partners. It rises to 8 floors with 134 apartments and several will offer outdoor space.
Image via BRP Companies
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The historic ballroom was built in 1921 and had been closed for a number of decades. While many wanted to see some of the original structure preserved, it was not salvageable and a full demolition was necessary. The new building was constructed under 421a and twenty percent of units will be affordable, priced between $300,000 to $350,000, according to Halstead Property Development Marketing and the Krantz + Krantz team. The Rennie's offering plan indicates a projected $103 million sellout.
According to its website, the Rennie boasts an environmentally conscious design and anticipates a 25-year 421a tax abatement. It’s located in a vibrant area of Central Harlem between West 137th Street and West 138th Street with a variety of shops, retail and dining, and this new building also includes 17,000 square feet of ground floor retail. Residential units begin on the third floor with between 17 to 21 units per floor, and those on the 7th and 8th floors will have private terraces. Amenities will include a 24-hour doorman, children’s playroom, gym, roof deck, lounge, and garden.
Currently on CityRealty, there are 157 condo listings in Harlem with a median price of $995,000; the range is from a $425,000 1-bed at Saint Anne’s Court to a 5-bed unit at Circa Central Park for $8.495 million
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