BuildForward is currently providing the debt financing to construct a six-story, multi-family housing structure on West 126th Street in Harlem, New York City. The high-end residences, developed by UrbanArtisan will meet the deeply energy efficient standards of a Passive House and will include modern interior and fixtures, private outdoor garden and rooftop access.
The project demonstrates BuildForward’s ability to influence the introduction of deep energy efficiency methodologies in previously standard developments by bringing in the expertise of BuildForward Design and the associated financing arranged by BuildForward Capital. It also demonstrates our ability to create effective public/private partnerships (PPPs) by bringing institutions like the New York City Energy Efficiency Corporation (NYCEEC) into the lending pool for the project. The BuildForward process will also provide for continuous monitoring of the building’s performance for a minimum of five years after construction, completing the loop for our design-fund-measure philosophy.
The project is expected to be completed in July 2017 and as the first true Passive House condominium building in Harlem it will be a signature building for the neighborhood and the city.