Salon Inks Central Harlem Lease
Gus Delaporte March 24, 2014, 10:15 a.m.
YSB Salon has signed a 10-year lease at 2520 Frederick Douglass Boulevard, between 134th and 135th Streets in Central Harlem, Commercial Observer has learned.
The lease includes 550 square feet of space on the ground floor and 450 square feet on the lower level. The tenant, a full-service hair and beauty salon, will pay rent in the mid-$80s per square foot.
“We were instrumental in transforming the retail landscape in the southern part of the district, and now we are going to upgrade the profile here,” said Faith Hope Consolo, a broker at Douglas Elliman, in a statement. “This salon is a prime example of catering to the neighborhood’s changing needs because it offers many spa-like services, not yet seen here.”
Ms. Consolo represented both the tenant and the landlord, the Greater Harlem Housing Development Corporation, alongside Joseph Aquino and Arthur Maglio.
“There is so much activity north of 125th Street that this has become the next frontier for new restaurants and shops in Harlem,” Mr. Maglio added in the statement. “There is an educated consumer base in the area, with disposable income, that would welcome better retail and services.”
Ms. Consolo and her colleagues have been active in Harlem in recent months. As reported by Commercial Observer, the team represented the landlord in a lease for Central Park North Orthodontics at 1851 Adam Clayton Powell Jr. Boulevard earlier this year.