800-Unit Apartment Complex To Rise In First Avenue Mud Pit

For years, developer Sheldon Solow owned a 9.2-acre mud pit on First Avenue between 35th and 36th Streets, where he had planned to build two apartment towers.

Last year, Solow finally sold the property, a former ConEd site, to JDS Development. Crain’s reports that deal recently closed for $172 million, and JDS managing partner Michael Stern said that he’ll be moving forward with Solow’s previously approved plans. For those that don’t remember, this means two big buildings: a 37-story tower and a 47-story tower that will hold a total of 800 apartments.

Most of the units will be rentals, but Stern may plop some condos at the top. An architect will be chosen within the next couple of weeks, and construction should start this summer. The project is fully financed and ready to go, since all approvals were obtained years ago by Solow. The only design detail revealed in the Crain’s story is that there will be more than an acre of green space at the base, and Stern is working with the EDC to ensure a connection to the riverfront. The FDR Drive separates the site from the water, so this could mean a pedestrian bridge or deck would be built. In the meantime, we will be not-so-patiently awaiting the renderings.

Photo: Google Streetview showing the site from 36th Street in 2011


By Jessica Dailey

Original Article: Click Here

Print: Click Here

Related Posts

In Far Rockaway, new beachfront rentals offer resilient architecture, luxe design

JDS Development Group is welcoming its first residents at Saltmeadow, a luxury rental project in Far Rockaway. The 60 residences are scattered across new townhouses on Beach 5th and Beach 6th Streets on the water in two- and three-bedroom floor plans. Designed by collaborator CetraRuddy, Saltmeadow embraces resilient design to withstand flooding. Habitable spaces and…

Read More

See how Roman and Williams’s Chelsea condo gets its rich terra cotta façade

In JDS Development Group’s latest “Building Know-How” film series, the luxury homebuilder explores the ancient building material terra-cotta. In this family, JDS reveals the step-by-step process of creating and installing individual green terra-cotta blocks for The Fitzroy, a boutique new condominium project in Chelsea, Manhattan adjacent to the High Line. Designed inside and out by…

Read More