NEW YORK, NY - The New York office of leading financial services provider Merchants Capital today announces it has provided more than $104 million in financing for Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) property dates back to the 1930s and represents a significant milestone in public housing as one of the first two properties in New York funded, developed and owned by the...
The New York office of leading financial services provider Merchants Capital today announces it has provided more than $104 million in financing for Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II. The New York City Housing Authority (NYCHA) property dates...
Today, the New York City Housing Authority (NYCHA) and New York City Housing Development Corporation (HDC) closed on the financing of the latest Permanent Affordability Commitment Together (PACT) transaction to fund comprehensive renovations for 690 apartments (as well as the construction of three apartments) at Harlem River Houses and the...
Harlem River Houses were approved by the Landmarks Preservation Committee for $130M of improvements to the historic complex, including security upgrades and restored playgrounds.
The Prusik Group, BRP Companies, L+M Development Partners,
and Taconic Partners have signed a 28,000 s/f lease with Trader Joe’s in Harlem.
The popular grocery chain will join Target as the retail
anchors of the new $242 million Urban League Empowerment Center mixed used
development now under construction at 121 West 125th Street.
The 17-story Urban League Empowerment Center will house the
National Urban League’s headquarters and the state’s first civil rights museum
as well as 170 units of supportive and affordable housing for low-income New
Yorkers, 70,000 s/f of office space and nearly 90,000 s/f of retail.
Target already signed a lease for a new 44,000 s/f store and the office space tenants include several locally based non-profits, including the United Negro College Fund, 100 Black Men, Inc. and Jazzmobile. The project, designed by Beyer Blinder Belle, is expected to be completed in 2023. Dabar Development Partners is the Owner’s Representative for the National Urban League.