Mixed-Income Project Advances in Harlem
Construction is progressing at Marcus Garvey Village, a 300,000-square-foot, 18-story mixed-income, multifamily project with 330 residences at 209 Adam Clayton Powell Blvd. Developed by Harlem-based Carthage Real Estate Advisors, the project intends to focus on the culture of the community
“Our mission with Marcus Garvey Village is to create a building that celebrates the spirit of a world-renowned neighborhood,” said Carthage president Edward Poteat. “The Harlem in which I grew up has become a more generic, upscale neighborhood, largely at the expense of its artistic and colorful history. By bringing back performance spaces for local residents and places where our community’s uniqueness shines, we believe this project will set a new paradigm for development here.”
Carthage purchased the lot for $27 million from the Abyssinian Baptist Church in 2017. After acquiring $80-million construction financing from Bank Leumi, the project broke ground in November 2020. Completion is projected for fall 2022.