Units
130
SF
125,000
Capitalization
$75 million
Role
Development manager
Partners
Coltown Properties
Architect
SHoP Architects
Status
Predevelopment
2435 FDB
2435 Frederick Douglas Boulevard, West Harlem, NY
Pointsfive is directing the design, capital placement, and development of a residential building located in a qualified Opportunity Zone comprising approximately 130 rental units with ground floor retail across 125,000 square feet. The development team is currently completing schematic design and initial entitlements, including qualifying the site for the 421a Affordable New York tax abatement program. Anticipated groundbreaking in 2022.
