{"id":1004109853,"date":"2014-11-16T05:47:34","date_gmt":"2014-11-16T13:47:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=308186"},"modified":"2020-05-21T22:56:39","modified_gmt":"2020-05-22T06:56:39","slug":"harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/","title":{"rendered":"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_308188\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-308188\" title=\"The Residences at PS186\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\" alt=\"The Residences at PS186\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Residences at PS186<\/p>\n<\/div>\n<p>A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem\u2019s architectural beauties that has been sitting vacant for nearly four decades.<\/p>\n<p>An official event held at 549 W. 145th Street in Harlem\u2019s Hamilton Heights neighborhood last week celebrated the start of construction of the long-awaited reconversion of the century-old Italian Renaissance-inspired structure. Designed by architect C. B. J. Snyder, and the city\u2019s most famous Superintendent of School Buildings, the former Public School 186 was completed in 1903 and served as an elementary school until 1975, when it was shut down. The building was acquired by The Boys and Girls Club of Harlem for $215,000 in 1986, but the non-profit organization failed to secure enough capital to redevelop the property.<\/p>\n<p>Earlier this year, <em><a title=\"Crain's New York Business\" href=\"https:\/\/www.crainsnewyork.com\/article\/20140819\/REAL_ESTATE\/140819855\/derelict-harlem-school-gets-new-life\" rel=\"nofollow\" >Crain\u2019s New York Business<\/a><\/em> reported that a development trio consisting of Monadnock Development, Alembic Community Development and The Boys and Girls Club of Harlem had closed all the financing for the $48.6 million reconversion of the former school building.<\/p>\n<p>Dubbed The Residences at PS186, the adaptive reuse of this site is one of the first affordable housing projects financed under Mayor Bill de Blasio\u2019s \u201cHousing New York: A Five-Borough, 10-Year Housing Plan\u201d which aims to create and preserve 200,000 units of affordable housing across New York City.<\/p>\n<div id=\"attachment_308189\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS186-entrance1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-308189\" title=\"The Residences at PS186 - entrance\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS186-entrance1.jpg\" alt=\"The Residences at PS186 - entrance\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Residences at PS186 &#8211; entrance<\/p>\n<\/div>\n<p>\u201cThe team has done exceptional work to maintain this historic building, and the result honors the past while addressing current needs. We\u2019re excited to help the Boys and Girls Club complete a journey they started 28 years ago, while also celebrating another step forward in creating safe and affordable housing for more New Yorkers,\u201d said Kirk Goodrich, vice president and director of development of Monadnock Development, in a prepared press statement.<\/p>\n<p>The former school will be transformed into a mixed-use building with approximately 100,500 square feet of residential space, as well as more than 11,000 square feet of commercial space which will serve as a new clubhouse for The Boys and Girls Club of Harlem. According to conceptual plans by Dattner Architects, the project\u2019s residential component calls for 78 rental units\u201419 studios, 47 one-bedroom units, and 12 two-bedrooms\u2014that will be rented through an open lottery system to ensure fair and equitable distribution of housing to income-eligible applicants.<\/p>\n<p>The five-story reconverted building will welcome its first residents in summer 2016, but the application process for the lottery will begin when the building is approximately 70 percent complete.<\/p>\n<p><a title=\"NYC Vacancy Rates Still Tight as High-Tech and Hospitality Companies Fuel Job Growth\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nyc-vacancy-rates-still-tight-as-high-tech-and-hospitality-companies-fuel-job-growth\/1004101118.html\" rel=\"nofollow\" ><strong>Click here<\/strong> <\/a>for more market data on <strong>New York City<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Renderings courtesy of Dattner Architects<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem&rsquo;s architectural beauties that has been sitting vacant for nearly four decades.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600],"tags":[],"class_list":["post-1004109853","post","type-post","status-publish","format-standard","hentry","category-new-york"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building\" \/>\n<meta property=\"og:description\" content=\"A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem&rsquo;s architectural beauties that has been sitting vacant for nearly four decades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-16T13:47:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:56:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/\",\"name\":\"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\",\"datePublished\":\"2014-11-16T13:47:34+00:00\",\"dateModified\":\"2020-05-22T06:56:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/","og_locale":"en_US","og_type":"article","og_title":"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building","og_description":"A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem&rsquo;s architectural beauties that has been sitting vacant for nearly four decades.","og_url":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-11-16T13:47:34+00:00","article_modified_time":"2020-05-22T06:56:39+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg","type":"","width":"","height":""}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/","url":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/","name":"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg","datePublished":"2014-11-16T13:47:34+00:00","dateModified":"2020-05-22T06:56:39+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/The-Residences-at-PS1861.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/harlems-abandoned-p-s-186-coming-back-to-life-as-48-6-million-mixed-income-mixed-use-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Harlem\u2019s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004109853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004109853"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004109853\/revisions"}],"predecessor-version":[{"id":1004450950,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004109853\/revisions\/1004450950"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004109853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004109853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004109853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}