Construction is wrapping up on North Cove, a 30-story residential building at 375 Wes 207th Street along the Harlem River waterfront in Inwood, Manhattan. Designed by Aufgang Architects and developed by Maddd Equities, the 295-foot-tall structure will span 544,000 square feet and yield 611 affordable rental apartments. The project will also include 60,000 square feet of lower-level retail space, residential amenities, and 120 parking spaces. The property is alternately addressed as 3875 Ninth Avenue and is bounded by West 207th Street, Ninth Avenue, and the Harlem River.
The last sections of metal scaffolding and sidewalk sheds were removed from the lower levels of the western corner since our last update in late May, when the final portions of the base were still temporarily covered. Plastic sidewalk barriers and metal fencing once visible across the first few floors have all been taken out.
Joy Construction Corporation and Maddd Equities are completing the project with the help of $288 million in financing secured in 2023. Wells Fargo’s Community Lending and Investment provided the financial package, which includes a $155 million letter of credit to back NYC-issued tax-exempt bonds arranged by CLI Debt. The remaining $133 million was provided by CLI Equity as an equity investment through the purchase of Low Income Housing Tax Credits and New York State Brownfield Redevelopment Tax Credits.
Residential amenities at North Cove will include bicycle storage, recreation rooms, shared laundry facilities, outdoor lounge and recreation spaces, and picnic areas. The property will also offer public access to an adjacent waterfront park on land provided by the city.
The nearest subway is the local 1 train at the elevated 207th Street station to the west.



