West Side Story: City-Owned Parking Lot to Become 100% Affordable Tower

A city-owned parking lot on the west side that is used by the NYPD will eventually become the site of a residential building featuring 100% affordable units. The New York Economic Development Corp confirmed on Friday that it will be seeking proposals for an all-affordable tower at 493 11th Ave, with retail and community space on the lower levels. This comes as a unanimous decision from community and MCB4 members alike, DNAInfo reports. The site was once home to a slaughterhouse for the New York Butchers' Dressed Meat Co before it closed in the late 1950s. Earlier this year, Curbed reported that the proposed building would be roughly 45 stories and 300 units. Community suggestions for the space include a green building with "facade articulation" (to add some excitement to the design) and a rooftop space, along with an affordable supermarket, a nonprofit theater and an affordable daycare. [DNA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Banks Are Manhattan's Latest Hot Retail Tenant

RXR Marketing Executive Lauren Maturo Dies At 32

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

$60B Fintech Ramp Inks Huge Expansion In Flatiron: The N.Y. Deal Sheet

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown