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Is Harlem the Next for Gentrification & what is the Promise for Commercial Real Estate?

For those not familiar with New York City, Harlem may not sound synonymous with with culture and history. But those of us from New York, that couldn’t be the furthest from the truth. Harlem, historically has been one of the most vibrant communities of New York City, with a rich cultural and commercial background.

For the last year or so, Faith Hope Consolo, Chair of the Retail Division of Douglas Elliman Real Estate has been promoting her increased involvement in the culture and real estate of Harlem. I finally get the opportunity to discuss her move to Harlem during an interview at the CREW Network Annual Convention in Bellevue, Washington.

Faith long known in real estate circles as the Queen of Retail is best known for her representation of high end, luxury retail tenants. She and I discuss how she moved uptown, to Harlem commercial real estate and her strategy to become immersed in the culture of the community, not just the real estate.

Helping the community keep pace with the prosperity of the rest of Manhattan and the outer boroughs while maintaining the richness of the culture and history of the community will clearly be a balancing act, but there is no one that I know, better than Faith to help lead the way.

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