HCCI – W. 153rd

New York, NY

L+M and The Harlem Congregation for Community Improvement (HCCI) joint ventured in a 14 building resyndication portfolio in 2011. An underutilized two-story community facility adjacent to two HPD-owned vacant lots was included in that transaction. In early 2014, L+M and HCCI continued the joint venture and closed on the construction financing on West 153rd Street Apartments, a low-income development in Central Harlem. The seven-story rental building includes 51 affordable residences, approximately 8,000 square feet of HCCI’s new corporate headquarters, approximately 10,000 square feet of second floor daycare facilities for building and Central Harlem residents, and 18 parking spaces. Construction commenced on West 153rd Street Apartments in late 2014 and is scheduled for completion in Spring 2016.