Demolition Finishes at 430 West 37th Street in Hell’s Kitchen, Manhattan

Demolition is complete at 430 West 37th Street, the site of a forthcoming 11-story residential building in Hell’s Kitchen, Manhattan. Designed by Archimaera Architecture and developed by ZD Jasper, the 120-foot-tall structure will span 128,331 square feet and yield 128 rental units with an average scope of 924 square feet, as well as 9,584 square feet of commercial space, 455 square feet of community space, and two cellar levels. The property is located on a through-block lot between Ninth and Tenth Avenues, directly west of the exit lanes from the Lincoln Tunnel to Dyer Avenue.

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Rendering of Pelham House, by Marvel

Developers Close on Financing for Pelham House At 217 Fifth Avenue In Pelham, New York

The Hudson Companies has closed on $73 million in financing for Pelham House, a five-story residential development at 217 Fifth Avenue in Pelham, Westchester County. Designed by United Design Works and developed in partnership with Excelsior Housing Group and Sisca Northeast, the structure is planned to yield 127 units, including six designated for affordable housing, as well as 5,300 square feet of ground-floor retail space. The affordable apartments will be reserved for households earning 80 percent of area median income. Financing was provided by Santander, Related Debt Fund, and equity through Hudson’s joint venture Green Fund with the New York City Employees’ Retirement System and the Teachers’ Retirement System of the City of New York.

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