Ritterman Capital


526 West 53rd Street

Two-Building, 392-Unit Residential Development Rises At 526 West 53rd Street, Hell’s Kitchen

Back in May of 2014, YIMBY reported on plans for a multi-building residential development on the block bound by West 52nd and 53rd streets and Tenth and Eleventh avenues, in Hell’s Kitchen. At the time, the 12-story, 96-unit affordable residential building at 535 West 52nd Street, dubbed The Park Clinton, was the only one completed. Then in May of 2015, the developers secured $200 million in construction financing for another phase of the project, which consists of a 24-story building at 526 West 53rd Street connected to a 16-story building at 525 West 52nd Street. That block-thru portion will encompass 392 additional residential units and is currently 15- and 14-stories above street level, respectively.

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525 West 52nd Street

Developer Lands Construction Loans for 24-Story Project At 525 West 52nd Street, Hell’s Kitchen

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.


525 West 52nd Street

Permits Filed: 525 West 52nd Street

The first permits are up for a major residential project at 525 West 52nd Street, which has a multitude of partners involved; the site’s developers include the Clinton Housing Development Company, Taconic Investment Partners, and…

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