Malcolm Shabazz Harlem Plaza

2026
Written By Paper Plus Rocket

$102 Million

  • Malcolm Shabazz Harlem Plaza is the proposed development on the current site of the Malcolm Shabazz Harlem Market/ Incubator Program

  • The re-development of the site is being proposed by a Shabazz Procida LLC (SP) a partnership between the Malcolm Shabazz Development Corp. (MSDC) & Procida Development Group (PDG)

  • MSDC is the founder and steward of the market and since the inception of the Business Incubator Program in 1994

  • PDG has been a Bronx based construction and development company focused on affordable housing since the mid 1970’s

  • Given the current housing crisis and rapidly rising rents across New York City, MSDC and PDG proposed to re-develop the site in conjunction with HPD, the current landowner

  • The proposed re-development would temporarily re-locate the current market vendors during construction

  • Once construction is complete, the vendors would be able to move back into the newly improved market and the Malcolm Shabazz Harlem Market Incubator Program will flourish inside a new home owned by MSDC

  • SP received a 9% LIHTC award from NYC HPD in July 2025

  • In addition to the new market, the proposed development will bring 122 units of affordable housing to the neighborhood

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