SoHa Terrace 2278-2286 Frederick Douglas Boulevard New York, New York

The SoHa Terrace is an upscale multi-family residential project and a pioneering effort in the redevelopment of Harlem, New York. The building strives to balance the rich, authentic characteristics intrinsic to the project’s historically relevant neighborhood with the modernizing influences of the contemporary residential development boom through an old meets-new brick and glass aesthetic, as well as a combination of both market-rate and subsidized housing. The building also contains over 8,000 square feet of retail space, 63 parking spaces, full-service amenities, and large public and common spaces including a generous landscaped roof garden. IDA arranged for 3 tranches of equity including a $20 million equity participation from Goldman Sachs Community Development Fund.