Maddd Equities files demo plans to make way for 100K sf development plan in East Harlem

Maddd Equities, on July 22, filed two permit application for the demolition of buildings at 124 and 132 East 125th Street in East Harlem. Jorge Madruga, the founder and Managing Principal of Maddd Equities, filed the plans.

Last year Crain’s reported that the developer planned to construct a 100,000-square-foot building at the site which would include retail, commercial, and community space.

Below are renderings of the development from Aufgang Architects.

The first plans call for the demolition of a three-story building at 124 East 125th Street.

Maddd purchased the 21,556 square-foot building from DREAM Charter School for $15 million on November 13, 2020.

The project is described in the filings as: full demolition to a three story building

Direct link to Acris document. LINK

Direct link to DOB document. LINK

The second plans call for the demolition of a two-story building at 132 East 125th Street.

In March of last year, the developer purchased the retail building for $10.8 million from WRA Properties.

The project is described in the filings as: full demolition to a two-story building

Direct link to Acris document. LINK

Direct link to DOB document. LINK