The National Urban League, a nonprofit dedicated to advocacy and economic empowerment for African Americans, has lined up $188 million in financing from Goldman Sachs Urban Investment Group to start construction on its new headquarters in Harlem this fall, according to the Commercial Observer. The total financing for the project is $242 million, $188 million of which is from Goldman Sachs.
- Developers include… L+M Development Partners, Taconic Partners, BRP Companies, Dabar Development, and Prusik Group, CO noted.
- Worth Noting: The 17-story project will include 170 affordable rental units, a civil rights museum, 73,000 square feet of office space for community groups, 105,000 square feet of retail, and an 80,000-square-foot headquarters and conference center for the Urban League. [CO]