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Adeline gets warm welcome, TCO: L+M Development.

L+M Development Partners, Inc. announced that The Adeline, at 23 West 116th Street in Central Harlem, has received its temporary certificate of occupancy from the New York Department of Buildings.

Closings are slated for early this month. The 83-unit, 12-story luxury building is over 90 percent sold with a few select two- to four-bedroom homes remaining.


Tell Metzger, development director at L+M Development Partners, said, "As The Adeline wraps up sales, we remain overwhelmed by the tremendous response the building has received from the purchasers, the real estate community, and the Harlem neighborhood."

Two-, three- and four-bedroom homes are available starting at $1.15 million. The Adeline anticipates a 25-year 421-a tax abatement and some of the lowest monthly carrying charges and real estate taxes in the city.

Designed by architectural firm S9 Studios, an affiliate of Perkins Eastman, the full-service building is attended by a 24-hour doorman and offers a children's playroom, fitness room, and resident lounge with a workspace, screening area and kitchenette.

The Adeline also offers bike storage and private storage for additional fees.

It laso has a 5,800 s/f central courtyard and a 2,300 s/f landscaped common roof deck. Many residences include private outdoor terraces.

Peter Denby of Halstead Property Development Marketing is leading the marketing effort.

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Title Annotation:NEW DEVELOPMENT
Comment:Adeline gets warm welcome, TCO: L+M Development.(NEW DEVELOPMENT)
Publication:Real Estate Weekly
Date:Dec 10, 2014
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