It’s been over a year since we last checked in at 261 Hudson Street, the 12-story rental building on the rise in the western corner of Soho known as Hudson Square. The structure has reached three stories, and we have some new construction photos thanks to YIMBY reader Tectonic.
Related Companies is developing the 80% market-rate, 20% lottery-allocated project between Spring and Canal Streets, right near the approach to the Holland Tunnel. By the time construction finishes, the building will hold 201 apartments spread across 160,751 square feet of residential space, for an average unit of roughly 800 square feet.
The first floor will host two retail spaces totaling 6,900 square feet and a little 600 square-foot-community space, according to the latest building permits. There will only be two apartments on the ground floor, followed by 21 units each on floors two through eight and 13 units a piece on the ninth through 12th floors.
Forty one units will be lottery-allocated, and the local community board worried that only market-rate tenants would have access to the building’s amenities. However, Related told Curbed that every renter in the building would be able to take advantage of the amenities, but some will have a “nominal fee.”
Those amenities include a roof deck, bike storage, gym, and a “party room,” per the Schedule A.
The development will benefit from the 421-a tax abatement, and Related applied for a floor area bonus in exchange for including lottery-allocated housing. However, they can’t use it at 261 Hudson, which sits just outside a designated inclusionary housing zone. Instead, they would be able to transfer or sell the development rights to another eligible site in Hudson Square.
Ismael Levya is designing the project, which is set to finish next summer.