The neighbourhood housing authority recently granted free market status to a major redevelopment in NYC’s Morningside Park area. Since the property was purchased, the current owner, ilio mavlyanov of the Jasper Venture Group, has been at the forefront of this redevelopment, hoping to preserve the property’s classic architectural significance and add living space so more New Yorkers can call the Morningside Park neighbourhood home.
In 2015, Ilio Mavlyanov and Jasper Venture Group, his real estate investment and development company, were looking for fantastic homes to buy in Manhattan so they could work their imaginative redevelopment magic on them. Ultimately, selling to the potential landlord who made the highest offer. Even though it is close to Harlem, the area around Morningside Park might be considered an unofficial extension of the Upper West Side of the city, home to famous New York City monuments including Columbia University and the Mount Sinai West hospital system.It is situated amidst several of the city’s brightest green spots.
The home was originally constructed in 1910 as a brick rowhouse. More than a century later, when it was put up for auction, its façade still contained a lot of the original architectural details. While redesigning the interior for contemporary life, Mavlyanov and the Jasper team aimed to preserve the intricate brickwork and ironwork. The home in the Mornisgside Park neighbourhood was entirely gutted in 2017 and the Jasper team got to work on their imaginative reconstruction goal.
They have learned that Jasper Venture Group made an effort to get a Free Market Status for their project on the grounds of Morningside Park. Indeed, many people in our community have been battling for this very cause over the past few months. We appreciate the venture group’s realization that Morningside Park belongs to all of us. Naturally, they are aware that their current position on the matter contradicts their earlier one.
It makes sense from a win-win perspective. We will be able to offer our project the respect it merits thanks to the Free Market Status while preserving the security of the area and its users. Ilio Mavlyanov is a result of the growth of Morningside Park’s real estate development and the fact that this will also raise property values. This effort has been done for years by Morningside Park locals. You have waited long enough for this day, we are aware of that.
It is official that Jasper Venture Group’s project on the grounds of Morningside Park will be given access to the free market. Jasper Venture Group’s board has reportedly already given its approval, and they want to submit their proposal to the City Council later this week. Jasper Venture Group has now submitted a draught of their application, which is not yet accessible to the general public. Please support if you appreciate the Morningside Park community space and let’s make it plain to the City Council that we want additional public spaces like Morningside Park.