$42 MILLION FORTUNE ACADEMY ADDITION BREAKS GROUND

NEW YORK CITY — A partnership between Jonathan Rose Cos. and The Fortune Society has broken ground for the construction of a $42 million affordable housing complex located at 625 W. 140th St. in West Harlem, New York City. The 114-unit building is located adjacent to The Fortune Academy, a complex run by The Fortune Society that provides transitional housing and services for formerly incarcerated men and women. The new project will provide affordable housing for Fortune Society and the surrounding Harlem community, as well 20,000 square feet of program space for Fortune Society. In addition, the project is applying for LEED-Gold certification. Sustainable features include a green roof with a rooftop garden and a rainwater harvesting system, aluminum solar shades on the building’s south-facing façade, toxin-free paints and materials, and high-efficiency mechanical systems. The project is being developed jointly by Jonathan Rose Cos. and The Fortune Society. The project architect is Curtis + Ginsberg Architects and the general contractor is Lettire Construction. Completion is expected in mid-2010.