Apply for 30 affordable units at new Hudson Square tower with amazing views, from $1,224/month

Posted On Fri, September 24, 2021 By

Posted On Fri, September 24, 2021 By In affordable housing, housing lotteries, Hudson Square, More Top Stories

All images courtesy of NYC Department of Housing Preservation & Development

The cool, geometric rental tower at 111 Varick Street was just completed this year, and now it’s opened an affordable housing lottery for 30 of its 100 apartments. The units are available to those earning 70, 80, or 130 percent of the area median income and range from $1,224/month studios to $3,219/month two-bedrooms. By comparison, the market-rate units start around $4,000/month for studios. Located in the burgeoning Hudson Square neighborhood, bordering the southern edge of Soho, this 30-story tower was designed by S9 Architecture with a unique undulating precast concrete facade. Because of where it’s sited, the building offers incredible views of the Hudson River and skyline.

The 3D precast concrete facade was inspired by the neighborhood’s industrial heritage and history as a printing center. It’s expected to achieve LEED Silver certification.

The interiors were designed by Chris Shao of Chris Shao Studio, who, according to a press release, “is revered for his fusion of complex themes like rich fabrics with sharp contemporary silhouettes and romantic ideals paired with classical stoicism.”

Amenities at the building include a 24-hour attended lobby, fitness center with meditation/yoga room, dining room and demo kitchen, speak-easy style billiards room, children’s playroom, bike room, automated parking system with electric vehicle charging stations, and a furnished roof dec with barbecue grills and an outdoor movie screening area.

As for its location, Hudson Square is quickly becoming a huge tech- and media-focused commercial sector, with Disney building a huge new headquarters and Google recently dropping a record-breaking $2.1 billion on an existing development that they’ll retrofit. 111 Varick is one of the very few residences that have risen in the area. Though it’s very close to the Holland Tunnel approach, it’s right on the cusp of both Soho and Tribeca.

The project seems to have found success with its market-rate units. According to CityRealty, as of last month, 90 percent of these 70 units had been rented since leasing commenced in November 2020.

Qualifying New Yorkers can apply for the affordable units until November 23, 2021. Fifty percent of units are reserved for residents of Manhattan Community Board 2. Complete details on how to apply are available here. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city. And find market-rate listing for 111 Varick Street here.

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All images courtesy of NYC Department of Housing Preservation & Development

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Neighborhoods : Hudson Square

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