News: Owners Developers & Managers

Carthage Real Estate holds ribbon cutting for Marcus Garvey Village development

Manhattan, NY Carthage Real Estate Advisors, an MBE residential development company, hosted a celebratory ribbon-cutting event with elected officials and celebrities on October 29th

Marcus Garvey Village is the newest and largest affordable housing development built in Central Harlem in a decade. Developed by Carthage Real Estate Advisors, and designed by Body Lawson Associates Architects & Planners (an MBE firm) and Fischer + Makooi Architects, Marcus Garvey Village currently has two multifamily properties, with another affordable development slated for 2026.

The ribbon-cutting ceremony celebrates 212 West 124th St., a newly completed 20-story, 100% affordable income tower with 171 light-filled studios, one-, two-, and three-bedroom apartments. The building includes such distinct features as a residents’ outdoor deck with a separate performance space, and the Bill Perkins Community Room and Terrace, a second-floor meeting space and adjacent outdoor area dedicated to the former state senator and council member, and available to non-profit and community organizations.

At the lobby level is the Marcus Garvey Gallery, which will present rotating exhibitions with works by artists from around the world. Curated by Good Black Art, it will be open to residents and the local community.

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SL Green and Mori Building Co., Ltd. form joint venture for new development at 346 Madison Ave.

Manhattan, NY SL Green Realty Corp., one of the city’s largest office landlord, today announced that it has closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Ave.to Mori Building Co., Ltd., Japan’s leading urban landscape developer, at a gross valuation of $175.0 million.
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