2008_10_eharlem.jpgYesterday the City Council gave the go-ahead for a $700 million redevelopment plan between 125th and 127th Streets and between Third and Second Avenues in East Harlem. According to the NY Times, the "1.7-million-square-foot project includes office and retail space, a small hotel, a cultural center, open space and 800 apartments, 600 of which will be set aside for families with low and moderate incomes." There are seven developers involved with the project, including General Growth Properties (operator of the South Street Seaport and also rumored to be "troubled") and local developer El Barrio's Operation Fightback. The city expects 4,000 construction jobs to be created, plus 1,500 permanent jobs, from the project.