Stephen Kliegerman, president of Halstead Development Marketing, and PS90

L+M Development Partners’ PS90, a 75-unit redevelopment of a circa 1905 elementary school at 220 West 148th Street in Harlem, is officially sold out, Halstead Property Development Marketing, the exclusive marketing agent for the condominium, announced today.

PS90 — one of several L+M projects financed through a $100 million dedicated fund with Goldman Sachs Urban Investment Group — hit the market in 2009, at the height of the downturn, composed of a mix of studios, and one-, two-, and three-bedroom units ranging in size from 760 to 1,630 square feet and in price from $425,000 to $899,000. Closings and move-ins began in September 2010. [more]

Ron Moelis and PS90

The first two closings at Harlem’s PS90 have hit public record, and thus far, it looks like prices for L + M Development [more]

PS90

Harlem’s PS90, the abandoned public elementary school-turned-condominium at 220 West 148th Street between Adam Clayton Powell and Frederick Douglass boulevards, has been approved for Federal Housing Administration financing, the development team announced today. Sales launched in September at the 75-unit building, which is still under construction. Roughly 25 percent of its studios and one-, two- and three-bedroom units are reserved for middle-income residents and prices range from $400,000 to $899,000 for the market-rate homes. PS90 is being developed by L+M Development Partners and and marketed by Halstead Property Development Marketing. Occupancy is slated for this summer. Click here to see a slide show of The Real Deal’s backstage look at the one-time school’s transformation. TRD

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Residential Harlem development PS90, a former public school originally built in 1907 that  has sat unused for decades at 220 West 148th Street between Frederick Douglass Boulevard and Adam Clayton Powell Boulevard, has begun sales as it completes construction. The Real Deal got an exclusive tour of the construction site, as it transforms from a turn-of-the-century school to a modern condominium. The prices range from $475,000 for a 762-square-foot studio to $899,000 for a 1,630-square-foot penthouse unit in the building, developed by L+M Development Partners and listed by Halstead Property Development Marketing. See slide show above.

The on-site model apartment for the new PS90 condominium building at 220 West 148th Street opened today, according to a press release. The project is L + M Development’s $40 million conversion of the space, from public school to residential building, which will include 74 units. The building offers studios and one-, two- and three-bedroom units. The model apartment opening today is a 1,484-square-foot, two-bedroom, two-bathroom home, which is listed for $710,000. Sales on units began in mid-September. TRD

From the October issue: Its staggering decade-long, rags-to-riches rise made a revitalized
Harlem the media superstar of the Manhattan real estate boom. Which makes its steep fall all the more tragic. According to data from
Miller Samuel, Harlem saw only 83 co-op and condo sales in the first
two quarters of 2009, a more than 51 percent plunge compared to the 171
sales from the same time last year. But at least one bold and unique new project is coming to market and
could be a new bellwether for future residential activity there. Indeed, strong sales at PS90 Condominiums — a $40 million conversion
of a century-old public school that just opened its sales office last
month — could be an important boost for the Harlem market.

Renderings of PS90 at 220 West 148th Street

L+M Development Partners and Halstead Property Development Marketing have kicked off sales at PS90 Condominium, according to a press release. The former public school, located at 220 West 148th Street between Seventh and Eighth avenues in Harlem, was built in 1905 and had been vacant since the 1970s. The redeveloped building, which is still under construction, will contain 75 units, including studios and one-, two- and three-bedroom homes. Prices range from $450,000 to $899,000. Residents can move in starting next year. TRD [more]