The building will be constructed on a 53,000-sf parcel of vacantland, which will be leased from the current owner, the New YorkCollege of Podiatric Medicine. The total office space will be about167,000 sf, and the retail space will be about 62,000 sf. Plans forthe hotel include 230 rooms, with conference space and a healthclub.

IDA president Andrew Alper says the area "continues to grow asone of New York's emerging business districts. The Harlem Parkproject is further proof that the area is undergoing tremendouseconomic development."

Developer 1800 Park Avenue LLC is led by a joint venturecomprised of Michael Caridi, chairman of Majic Development Group,and Raymond P. Caldiero, chairman of the Sequoia Group. Thepartnership is working with the Marriott Corp. for the hotelportion of the project. The project is also eligible for Industrialand Commercial Incentive Program and Empire Zone assistance.