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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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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