The New York City Economic Development Corp. and the New York City Department of Housing Preservation and Development recently announced their plans to convert a former slaughterhouse site adjacent to Hudson Yards into a mixed-use development that will bring 234 units of affordable housing to this area of Manhattan. Radson Development, in a joint venture with Kingspoint Heights Development, will develop the site.
Located at 495 11th Ave., between West 39th and West 40th streets, the project will also include 200,000 square feet of commercial office space, a 12,000-square-foot grocery, more than 88,000 square feet of dormitory space and roughly 28,000 square feet of amenity space suitable for a health club, food court and laundry facility. Following the demolition of the 1905-built slaughterhouse, the site has been used as NYPD parking. A new NYPD parking facility is also included in the development plan. The selected plan resulted from a request for proposals released by NYCEDC and HPD in December 2015.
The 24,687-square-foot site is immediately west of the Hudson Yards Special District and leverages neighboring development activity, including $16 billion in private capital commitments in the district; 20 million square feet of office space currently planned or under construction; and major public infrastructure improvements such as the number 7 Subway Extension and Hudson Park and Boulevard.
The project builds on the de Blasio Administration’s commitment to create or preserve 200,000 affordable housing units by 2024. To date, more than 63,000 affordable units have been financed through Housing New York, serving families at a range of incomes. Other significant affordable housing projects currently underway in New York include the $52.3 million development in Bronx’s Mount Eden neighborhood and the $11 million, three-building affordable housing project in the Brownville neighborhood of Brooklyn.
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