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CONSTRUCTION BEGINS FOR TWO HARLEM AFFORDABLE HOUSING PROJECTS

NEW YORK CITY — Richman Group Development Corp. has commenced construction for two affordable housing projects in New York City's Central Harlem neighborhood. The Balton will be located at the corner of St. Nicholas Avenue and West 127th Street. It will consist of a 12-story wing and a six-story wing containing 156 studio, one-, two- and three-bedroom units. The other project, Douglass Park, will be an eight-story building located at the corner of Frederick Douglass Boulevard and West 128th Street. It will contain 70 one-, two- and three-bedroom units. Amenities at both communities will include fitness centers, resident lounges, outdoor courtyards, bicycle storage and laundry facilities. The buildings will also contain 15,000 square feet of ground-floor retail space. Upon completion, which is expected in 2011, Richman Property Services will serve as property manager. Richman Group has previously developed residential projects in Harlem, including The Hamilton and The Langston, both on 145th Street.

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