Last week, the City Council approved plans for Atlas Capital Group and Westbrook Partners to acquire $100 million worth of air rights from Pier 40, overseen by the Hudson River Park Trust, to develop a 1,586-unit mixed-use complex at 550 Washington Street, in Hudson Square. The project is set to include five towers, the New York Times reported, although their height was not disclosed. Thirty percent of the units, or 475 apartments, will rent at below-market rates through the housing lottery. One of the residential towers will be geared towards “older tenants.” There would also be retail space and a 15,000-square-foot recreation center.
Two years ago, real estate investment firm Cape Advisors paid $78 million for a collection of warehouses on Charlton and Greenwich Streets, in the recently rezoned swath of western Soho known as Hudson Square. Now they’ve filed applications to erect a 27-story residential building there at 110 Charlton Street.
Extell is wrapping up work on its part affordable housing, part-luxe condo project at 70 Charlton Street, in the area west of Soho called Hudson Square. Tectonic recently swung by the site between Varick and Hudson Streets and captured the latest progress.
New renderings, depicting the final design, are now available for the 25-story, 115-unit mixed-use building under development at 565 Broome Street (a.k.a. 100 Varick Street), in Hudson Square. The renderings come as sales have launched for the project’s condominiums. The latest building permits indicate the structure will eventually encompass 322,154 square feet and rise 290 feet above street level to its roof, which doesn’t include the bulkhead.
It’s been nearly a year since we checked in on Related’s rental development at 261 Hudson Street, and a lot has happened since then. Thanks to photos from our friend Tectonic, we can see that façade work on the 12-story project is nearly complete.