Jonathan Rose Companies, L+M Development Partners, and Acacia Network recently closed on a $223 million financing package to complete the second and final phase of Sendero Verde. The complex is located on Madison Avenue between East 111th and East 112th Streets in East Harlem and spans a full city block.
Demolition permits were filed for 191 East 115th Street in Manhattan’s East Harlem neighborhood. The site is currently occupied by a vacant 61-foot-high, mixed-use building with 17 residential units and three commercial units spread across five stories. Rami Noy of Starwood Group LLC is listed as the owner of the site. Helm NYC, a residential management company is also associated with the site.
Permits have been filed for an eight-story mixed-use building at 20 East 110th Street in East Harlem, Manhattan. Located at the intersection of East 110th Street and Madison Avenue, the corner lot is two blocks west of the 110th Street subway station, serviced by the 6 train and two blocks east of the 110 Street station at Central Park North, serviced by the 2 and 3 trains. A&R Properties under the 1650 Madison Holdings LLC is listed as the owner behind the applications.
Permits have been filed for a ten-story mixed-use building at 2226 Third Avenue in East Harlem, Manhattan. Located at the intersection of East 121st Street and Third Avenue, the corner lot is four blocks south of the 125th Street subway station, serviced by the 4, 5, and 6 trains. Real Estate Equities Corporation is listed as the owner behind the applications.
The first phase of Sendero Verde, a 100-percent affordable housing development, has topped out in East Harlem. L+M Development Partners, Jonathan Rose Companies, Acacia Network are developing the project which will bring 360 units of affordable housing and one superintendent’s unit spread in phase one across two buildings, the 15-story B-North and the ten-story B-South. It also includes space for a school with a full gymnasium, community facility space for Union Settlement Association, and an 18,000-square-foot public courtyard with a children’s play area, outdoor exercise equipment for adults, seating areas, and a stage for community events. Phase one of is designed by Handel Architects.