Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons.
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.
Designed by Aufgang Architects, the structure is being built to Passive House standards.
Residential amenities include a fitness center, a shared laundry room, bicycle parking, and common outdoor spaces. Units will come in a mix of 11 studios, 12 one-bedrooms, 11 two-bedrooms, and three three-bedroom units report New York Yimby.
Residents can expect self-regulated heating and cooling, and dishwashers. Some homes will also have private terraces.
Construction is expected to be completed by winter 2021.
Photo credit: Aufgang Architects.