The bustling blocks of the mid to upper-40s are a bit of an urban oddity, existing within the low-rise confines of Hell’s Kitchen, but abutting the skyscraper canyons of Midtown. And while most of the area is already built-out, a few opportunities for infill both large and small still exist, like at 343 West 47th Street, where an existing structure from 1920 is now being renovated and expanded.
The Covenant House, a facility that caters to homeless youth, is planning to redevelop the small block at 460 West 41st Street, in Hell’s Kitchen, replacing their current eight-story facility, a vacant six-story building, and an undeveloped lot. DNAinfo reports the new building will house Covenant’s new national headquarters facility, in additional to a large residential portion that’s 40% affordable and includes 100 units of supportive housing.
Artist Jeff Koons has acquired the three-story commercial building at 624 West 52nd Street, near the Hudson River in Hell’s Kitchen, for $12.7 million. Koons also owns the lots at 620-622 West 52nd Street, after picking them up this past May for a total of $11 million. The assemblage boasts nearly 50,200 square feet of development potential, although plans for the properties are not known.
The Real Deal reports Taconic Investment Partners has landed $200 million in construction loans for their 24-story, 392-unit mixed-use project at 525 West 52nd Street, in Hell’s Kitchen. YIMBY brought you news of the project almost exactly a year ago, and Handel is designing. Seventy-nine residential units are expected to be set aside as affordable, and the site’s former five-story structure was demolished in 2014.
Curbed reports that Cadence Property Group has launched a teaser site for their five-story, 30-unit building — dubbed The Sorting House — at 320 West 52nd Street, in Hell’s Kitchen. The residential expansion is currently being constructed atop the existing two-story post office building, and sales are expected to begin this summer. Architecture Outfit is designing.
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