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An Affordable Housing Tower On The Far West Side Picks Its Development Team

Development joint venture will see 234-unit mixed-use project take to the skies with 200K of office space.

By Jeff Vasishta May 11, 2017
A rendering of the Slaughterhouse Site project via DNAInfo

As if the far West Side didn’t have enough construction going on, the New York City Economic Development Corp. has chosen a development team to transform a NYPD parking lot into a mixed-use tower with affordable housing, offices and dormitories, reports the Wall Street Journal.

Just north of the the gleaming Hudson Yards project Radson Development and Kingspoint Heights Development will add some affordability to an area where the prices are rising faster than new buildings. The newest construction will be located at West 39th Street and 495 11th Ave and will touch the clouds at just under 500 feet.

Related: Urbanization And Revolutionary Innovation Are Shaping Global Real Estate

Affordable housing seems like an oxymoron on Manhattan’s West Side and the news of the green lit tower was met with jubilation by city officials.

“To get a 100 percent affordable housing project on a city-owned site is huge for this district,” said New York City Councilman Corey Johnson. “The area has become a lot more expensive and there is not enough affordable housing being produced.”

The project will see the construction of 234 affordable apartments, 200,000 square feet of office space, 80,000 square feet of dorms along with a 12,000 square foot grocery and additional amenities including a gym and food court according to city officials. Construction will likely not start until Fall 2019 when the development has finished going through the city’s zoning process and is not expected to be completed until the winter of 2022 or early 2023.

In addition to the much hyped Hudson Yards project, also just south of the W 39th & 11th Ave tower is the Jacob K. Javitz Center which is also undergoing a major revamp, which, according to its website is not simply a renovation but more a re-imagination which will take five years.

Related: Office Boom Denied: New Shiny Spaces In Brooklyn Fail To Attract Big-Name Tenants

Meanwhile, further south opposite 15th St and 11th Avenue at Pier 57 construction is moving at a clip. Dubbed the “SuperPier,” the $350 million project will house Google’s new 250,000 office space and a 170,000 square foot food market curated by TV chef/personality, Anthony Bourdain. There will also be a rooftop movie and performance amphitheater.

Plans for what has become the transformation of the far West Side of Manhattan began over a decade ago when the Bloomberg administration first touted the Hudson Yards project and the expansion of the Javitz Center. Those early proposals also envisioned a 75,000 seat football stadium over the rail yards. That has yet to come to fruition, but with the way things are going don’t count it out.

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

  • AGORAFY
    Do you know how the so-called “affordable” real estate in New York is getting less affordable by the day whereas the city’s luxury market is softening? #luxury #condo https://goo.gl/Avx5AS
  • AGORAFY
    One of the most iconic buildings in Boston has officially been sold and hopefully, the iconic station will be upgraded. #Boston #SouthStation https://goo.gl/rzWxXS
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    This week, three of the apartments in the starchitect-designed West Chelsea condo have hit the rental market. #zahahadid #chelsea https://goo.gl/7Z7LBF
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