Renderings: hap-ny.com

HAP Investments’ 329 Pleasant Avenue in East Harlem has broken ground.

Named HAP 5, the Karim Rashid-designed building will rise eight stories tall and have 20 apartments. Located one block east of First Avenue and 117th Street, the development will have retail space on the ground floor. TPG Architecture is the architect of record.

The developer acquired the property for $1.125 million in 2012, according to public records.

HAP Investments has been all over Upper Manhattan and East Harlem, with projects at 419 East 117th Street, 247-249 East 117th Street, 2338 2nd Avenue and 1655 Madison Avenue. The firm also purchased a big development site at 215-219 West 28th Street in Chelsea. Lastly, it’s in contract to buy another site at Journal Square in Jersey City, where “HAP Tower” will rise.

Building reps passed along a photo of the 329 Pleasant groundbreaking. Guess which one is Rashid:

329 Pleasant Avenue groundbreaking

From Left to Right: Designer Karim Rashid, HAP Investments CEO Eran Polack, HAP Investments’ Amir Hasid

And another shot, tweeted by the Man in White himself (his sunglasses match the neon balconies):

329 Pleasant groundbreaking 2

Photo: Karim Rashid/Twitter

Enjoy these renderings, which YIMBY spotted last month:

Hap 5 overhead

Hap 5 kitchen

Hap 5 bedroom

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