Downtown

550 Washington Street

City Council Approves Five-Building, 1,586-Unit Mixed-Use Project at 550 Washington Street, Hudson Square

Last week, the City Council approved plans for Atlas Capital Group and Westbrook Partners to acquire $100 million worth of air rights from Pier 40, overseen by the Hudson River Park Trust, to develop a 1,586-unit mixed-use complex at 550 Washington Street, in Hudson Square. The project is set to include five towers, the New York Times reported, although their height was not disclosed. Thirty percent of the units, or 475 apartments, will rent at below-market rates through the housing lottery. One of the residential towers will be geared towards “older tenants.” There would also be retail space and a 15,000-square-foot recreation center.

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Pier 26

New Renderings Revealed of Plans to Turn Pier 26 Into Public Park, TriBeCa

New renderings have been revealed of the Hudson River Park Trust’s plans to transform the mostly vacant, 800-foot-long Pier 26, located in the Hudson River off TriBeCa, between North Moore and Hubert streets, into a public park. The $30 million overhaul would include a maritime education center, known as an estuarium, multiple landscaped areas with different kinds of vegetation, walking paths, seating, and playgrounds. The overhaul is getting equal financing from the city, the Lower Manhattan Development Corporation, and Citigroup, through a donation. OLIN Studio, a landscape architecture firm, is designing much of the pier, although Rafael Viñoly’s firm is designing the estuarium building. The plans are not final, although construction is anticipated to begin in roughly a year, Tribeca Citizen reported.

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247 Cherry Street and 252 South Street, image from JDS

De Blasio’s Housing Policy Unravels as NIMBYs Attack Partially Affordable Developments on the Lower East Side

As Mayor de Blasio’s initiatives to create affordable housing continue to fail, bright spots for advocates of a better and more inclusive New York City are few and far between. In the Two Bridges area of the Lower East Side, JDS, Extell, CIM, L+M, and the Starrett Group are planning five new towers with 700 affordable units. NIMBYs don’t care. Despite all that affordable housing, red herrings went flying at a community meeting last night, and the echo chamber of outrage reverberated all the way onto the internet.

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259 Clinton Street

Revealed: Proposed 62-Story, 732-Unit Mixed-Use Tower at 259 Clinton Street, Lower East Side

Renderings have been revealed of the proposed 62-story, 732-unit mixed-use tower at 259 Clinton Street, a.k.a. 271 South Street, on the Lower East Side. The latest plans, presented earlier this week, have the new building rising 724 feet in height. It would include 2,500 square feet of ground-floor retail space. the Lo-Down reported. Twenty-five percent, or 183 units, would be designated as permanent affordable housing, of which roughly 100 would be set aside for low-income seniors. The Starrett Corporation is the developer and Perkins Eastman is behind the architecture. The project must go through an environmental review with the Department of City Planning. Construction is tentatively expected to begin in 2018. The site is currently vacant.

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