2/08/2013

NYC's West 57th "Pyramid" Wins Final Approval


New York's City Council unanimously awarded final approval to BIG's West 57th apartment building in Midtown Manhattan.  The company received approval after an long and arduous public review process, involving heated debates over affordable housing.  A compromise was made to include 173 affordable housing units within the 32-story, 750-unit residential building and the neighboring industrial building that will be converted into 100 additional rental apartments.


The project initially faced immediate opposition and an inevitable shut-down by the community board and Councilwoman Gail Brewer, if the apartments were only made affordable for a 35 year period.  However, the developers won them over by contributing one million dollars into an affordable housing fund.  Therefore there will be by law, 35 years of income-restricted affordable housing.

The sleek tetrahedral shaped building bares a steeply sloped facade featuring a massive football-sized courtyard with beautiful Hudson River views and outdoor terraces for all 750 residents, along with a vibrant street life and close proximity to the Hudson River Park.  Work has already began with a move in date expected for Spring of 2015.