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.
Beyer Blinder Belle designed the development, which consists of two 22-story towers linked by a passageway on the second floor and a landscaped courtyard. The finished project will have 92 condominiums and 29 below-market rentals. The one-, two-, three-, and four-bedroom condos hit the market last year, with asking prices starting at $1.47 million and going all the way up to $11.9 million. Thirty condos—out of 41 listed—have entered contract, according to StreetEasy.
The lottery for the rentals opened up in May, with studios, one- and two-bedrooms renting from $833 to $1,082. Families who earn between $29,898 and $54,360 annually were eligible for the apartments, to which renters could apply until July 20. Thanks to those affordable units, condo owners at 70 Charlton will get a 20-year, 421-a tax abatement.
Residents will also have access to some attractive amenities, including a 60-foot indoor saltwater swimming pool, a fitness center, a steam room, a lounge with a catering kitchen, and a children’s playroom.
The structure’s attractive brick facade has emerged, and workers are slowly installing large, loft-style windows. The overall look is quite contextual and meshes well with the aging industrial buildings on the block.
Extell has said it expects residents to start moving in later this year.