Buyers Went Back to School: Closings and Move-Ins Began Nine Weeks Ago Only Four Homes with Outdoor Space Remain
New York, NY – December 7, 2010 – (RealEstateRama) — West 147th Associates LLC and Halstead Property Development Marketing today announced that 50% of units are sold at PS90, a circa 1905 gothic style elementary school restored into a residential condominium in Harlem.
With half of the units in the building now in contract, closings and move-ins began in September at PS90, which is located at 220 West 148th Street between Frederick Douglass and Adam Clayton Powell Jr. Boulevards.
PS90 features a total of 75 condominium residences in a mix of studio, one, two and three-bedroom homes that feature original Gothic touches like ornate spires, intricate masonry, elaborate stonework and gargoyles, which are offset by the modern loft-like floor plans. The remaining 37 units range in size from approximately 740 – 1,460 square feet and in price from $475,000 – $775,000. For more information, please visit: http://ps90condo.com/.
“Buyers are drawn to the spacious layouts, high ceilings and oversized windows at PS90, which all honor the building’s historic tradition,” said Lisa Gomez executive vice president of development at L+M Development Partners Inc. “At a time when the Harlem market is maintaining its strength, PS90 offers buyers the chance to purchase homes that will increase in value over time.”
Originally designed by Charles B.J. Snyder, superintendent and chief architect for New York City public schools from 1891-1922, PS90 features his notable “H” plan. This iconic design allows for several unique outdoor spaces, including the creation of a landscaped front courtyard that frames and leads to a grand front entrance, and a larger landscaped rear courtyard. Only four units remain with private outdoor space and feature views of Yankee Stadium and the New York City skyline.
Each unit at PS90 feature high ceilings (up to 12 feet), Herringbone pattern European oak floors, Quartzite countertops and custom walnut toned cabinetry, and is equipped with Kitchen Aid stainless steel appliances and thermostatically controlled central air and heat. Residents will also enjoy a fitness center, work studio and an elegantly landscaped European-style courtyard.
PS90 has been developed by West 147th Associates LLC, an affiliate of L+ M Development Partners Inc. Financing is provided by Goldman Sachs’ Urban Investment Group and the development is being exclusively marketed and sold by Halstead Property Development Marketing.
For photos and floor plans, please visit http://ps90condo.com/ or contact AllisonBerger at allison (at) mediashoppr (dot) com or 212-867-8778 x223.
About Halstead Property Development Marketing:
Halstead Property Development Marketing is the exclusive sales and marketing firm for numerous new developments in the tri-state area. They consult with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Property Development Marketing Division, please visit: http://www.HalsteadPDM.com/.
About L+M Development Partners:
Since 1984, L+M Development Partners has been an innovator in developing quality affordable, mixed-income and market rate housing, while improving the neighborhoods in which we work. A full-service firm, L+M works from conception to completion, handling development, construction and management with creativity that leads our industry. We are responsible for more than $2 billion in development and construction and have created more than 10,000 high-quality units in the tri-state area alone. Community leaders, government officials and investment organizations turn to L+M because of our consistent track record of excellence. L+M is a double bottom line company, where our success is measured not only in financial returns but also by the positive impact we make. We take pride in our long-standing dedication to the communities we serve, demonstrated through an annual scholarship fund, job training programs and substantial support for local nonprofits. L+M brings a superior lev el of commitment to our investments in developments, and equally important, to our investment in people.
About the Goldman Sachs Urban Investment Group:
Formed in 2000, The Goldman Sachs Urban Investment Group (UIG) deploys the firm’s capital though investments and loans to help transform distressed communities into sustainable and vibrant neighborhoods of choice and opportunity. By deepening our engagement in communities and strengthening relationships with the public and non-profit sectors, we strive to improve people’s lives and advance a comprehensive community development agenda. To learn more, visit gs.com/uig.
