GS News ADDING MULTIMEDIA Luxury Condominium Unveiled in Historic Central Harlem Neighborhood
NEW YORK--(BUSINESS WIRE)--Full Spectrum NY, Goldman Sachs Urban Investment Group (UIG) and L&M
Equity Participants, Ltd., unveiled one of New York’s
most exciting new residential developments: Kalahari. Located on 116th
Street between Fifth and Lenox Avenues, the residence offers luxurious
sustainable living in Central Harlem. Carlton Brown, chief operating
officer at Full Spectrum NY, made the announcement.
Comprised of two 12-story buildings connected with a garden, Kalahari
contains 129 premium one-, two- and three-bedroom homes, as well as
unique duplex residences. Set for late 2007 completion, Kalahari pays
distinct homage to traditional African art and culture, and honors the
planet through its commitment to green design. With one-bedrooms from
the mid $400,000's and two-bedrooms starting in the low $600,000's,
Kalahari also offers the best value in today’s
market.
“We are excited to unveil Kalahari, and
pleased to offer luxurious, environmentally-friendly living in Central
Harlem,” Mr. Brown commented. “With
world-class amenities and finishes throughout, as well as proximity to
celebrated historic landmarks and Central Park’s
lush North end, Kalahari residences were designed with quality lifestyle
in mind.”
Mr. Brown notes that Kalahari, through its architecture and
environmental stance, will be an important addition to the pantheon of
Harlem’s culturally significant institutions.
From the renowned Apollo Theater to the stunning neo-gothic architecture
of the Abyssinian Baptist Church, Kalahari joins some of the most
distinctive landmarks in the City.
"The Kalahari is going to be a wonderful mixed-use residential
development," said Alicia Glen, Manager Director of the Goldman Sachs
Urban Investment Group. "We are proud to support a locally-based team
who are committed to revitalizing this Harlem neighborhood."
Kalahari homes feature Bamboo-strip flooring, master baths with Kohler
fixtures, marble tile and glass-enclosed showers, and select homes boast
opulent powder rooms and balconies. Kitchens include shaker-style
cabinets, volcanic-tone countertops with glass backsplash, and Grohe
faucets with stainless-steel appliances. Many offer Kitchen-Aid
Architect Series appliance packages, wine cellars and other luxury
finishes.
One of Manhattan’s “greenest”
residences to date, Kalahari utilizes wind-generated energy and on-site
solar panels that supply an impressive 25 percent of the building’s
energy. The property also features a fresh-filtered air delivery system,
purifying air quality at a constant rate. Energy-Star appliances paired
with the unique features of the residence reduce energy consumption by
30% below the New York State Energy Code.
Amenities include a 24-hour concierge and doorman, a landscaped green
roof terrace and broadband wiring and services. Bold colors, textures,
patterns and decorative motifs replicate traditional African painting,
decorating and design. Extensive use is made of the powerful Adinkra
symbol, borrowed from the celebrated symbols printed on woven clothing
to communicate knowledge, values and feelings.
Kalahari’s ground-floor commercial spaces
will include a movie theater dedicated to the African and Latino
Diaspora and squash courts. An on-site attended parking garage is
planned for the condominium as well, an unusual and convenient amenity
for any Manhattan resident.
Residents will also benefit from the wide array of art galleries,
museums, music and entertainment venues and cultural centers that now
characterize Central Harlem, where a profound social and economic
renaissance has taken shape in recent years.
For more information or to schedule a viewing, please contact The
Marketing Directors, Inc., at 212-348-0090.
About Full Spectrum NY
Full Spectrum NY is a community sustainability development organization,
specializing in live/work/shop environments; creating habitats for
people of varying income levels; helping cities create new jobs;
designing spaces with environmental sustainability in mind and making
use of renewable resources; and lowering the use and cost of energy
consumption. The firm seeks to provide economic sustainability
throughout the Tri-State Area by working within public-private
partnerships whose goals are to increase the tax roll of local
governments as well as solid equity and debt investors with access to
institutional grade investment resources.
About L&M Equity
L&M Equity Participants, Ltd. is a New York real estate development
company, specializing in the financing, development and construction of
affordable housing and has developed over 10,000 units of affordable
housing and over 500,000 square feet of retail space in the New York
metropolitan area.
About Goldman Sachs Urban Investment
Group
The Goldman Sachs Urban Investment Group, part of the Merchant Banking
Division at Goldman Sachs (NYSE: GS), invests the firm's capital in
urban real estate projects in emerging or transitional areas nationwide
and in businesses that are either minority-owned or managed, or that
serve predominantly ethnic minority populations. Founded in 1869,
Goldman Sachs is a leading global investment banking, securities and
investment management firm. The firm is headquartered in New York and
maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major
financial centers around the world. To learn more about the Goldman
Sachs Urban Investment Group, please visit www.gs.com/uig.
