The affordable housing lottery has launched for Balton Commons, a seven-story mixed-use building at 267 West 126th Street in Harlem, Manhattan. Designed by Aufgang Architects and developed by Lemor Development Group and Apex Building Group, the structure also yields a tech incubator space managed by non-profit Silicon Harlem, ground-floor commercial space, and community facility space. Available on NYC Housing Connect are 32 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $0 to $148,000.
Lemor Development Group
Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.