HARLEM IRE OVER BRIT 'INVASION'

Original at http://www.nypost.com/seven/04042007/news/regionalnews/harlem_ire_over_brit_inva....

April 4, 2007

The British are coming - to Harlem.

And they ignited a powder keg of protest yesterday.

A British real-estate giant spending more than $200 million for buildings in East Harlem is encountering resistance from tenants in the neighborhood.

"They have a plan to gentrify East Harlem. And that means rent increases," said Juan Haro, head of the Movement for Justice in El Barrio.

The tenants were responding to last week's news that the London-based investment bank Dawnay, Day Group was paying $225 million for the 47 buildings in East Harlem and seven condo units in the East Village.

In London, the director of Dawnay, Day, Ian Blakeley, has stated the company will not displace tenants or increase rents above the legal regular increases.

The Harlem buildings include more than 1,000 apartments and 55 commercial properties.

Last edited on Sat, 2011-06-25 03:51