This boldly decorative apartment complex at 40 West 116th Street between Fifth and Lenox Avenues is known as the Kalahari.

The mixed-use, mixed-income condominium complex extends through the block to 115th Street and consists of two 12-story high buildings, the longer of which is on 116th Street.

The building has 148 apartments in Tower A on 116th Street and 101 units in Tower B on 115th Street. The site has a large, landscaped central courtyard, a doorman and concierge service, attended parking, a roof deck, a gym, community meeting rooms, and retail space.

129 apartments are "market rate with no income or asset restrictions and 120 are "affordable" and include 14 studios, 23 one-bedrooms, 70 two-bedrooms and 13 three-bedrooms. Of the 120 affordable units, 48 will be sold to eligible purchases with household incomes not exceeding 90 percent of area median income, 42 units to purchasers with household incomes not exceeding 130 percent of area median income and 30 percent to households with incomes not exceeding 185 percent of area median income. The subsidized sale price of the affordable units range from about $125,000 to $485,000 and cash assets need for the required 5 percent down payment are expected to range from $6,250 to $24,250.

FSLM Associates LLC, of which L &M Equity Participants, Ltd., and Full Spectrum are the principals, is the developer. Ron Moelis and Sanford Carl Loewentheil are partners in L & M Equity Participants.

GF55 Partners LLP, of which David E....