Posted Nov 3, 2015, 5:51 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,783
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NEW YORK | 144 West Street | FT | 5 FLOORS
Project: 144 West Street
Quote:
The warehouse-inspired development will have 25 apartments, five of which will go to families making up to 60% of the Area Median Income. Those units will be rented through a lottery to households where incomes max out at $36,300 for a single person and go up to $51,780 for a family of four. There will be 13 studios, 10 one-bedrooms and two two-bedrooms.
The city’s inclusionary housing program allows the developers to build 5,000 square feet larger than zoning would typically allow in exchange for including below-market units. With the floor area bonus, the building will host 17,615 square feet of residential space and 1,400 square feet of ground floor retail. The average unit will clock in at just over 700 square feet.
The facade will be clad in red brick, except for the corner facing the street, which will be wrapped in a wall of windows framed by anodized metal. “Our idea was to capture that feeling of factories with dark brick and lots of mullions on the windows,” explained architect David Gross of GF55 Partners. “We were trying to signal that there’s a modern building inside with the contemporary corner, window walls.”
Construction on the West Street rental is expected to begin in the next few weeks, and work is scheduled to finish by spring 2017.
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