Academy Street PreservationThe substantial renovation of 150 units in Washington Heights.
The Academy Street Preservation Project comprises the substantial renovation of six buildings in the Washington Heights community of Manhattan. Principals of Lemle & Wolff have owned the properties since the early 1980s and are committed to their preservation as affordable housing in a rapidly changing part of the city.
Construction started in June 2013 with funding provided through HPD’s Participation Loan Program. The participating lenders are the Enterprise Community Loan Fund, Chase, and the Low Income Investment Fund. Northern Manhattan Improvement Corporation, a non-profit whom Lemle & Wolff has partnered with on other projects, is providing additional assistance through the New York State Weatherization Assistance Program.
Total units: 150
Total Development Cost: $21 million