A development site at Greenwich and Charlton Streets promises to be among the first to bear fruit from Hudson Square’s 2013 rezoning. Images uncovered on the website of Fernando Romero EnterprisE (FR-EE) detail a 26-floor, 116-unit condominium along the quiet commercial edge of the neighborhood. The L-shaped lot is owned by the developer Cape Advisors, whose forward-thinking projects include 100 Eleventh Avenue and One Kenmare Square.
According to the New York Observer, the 57,500-square-foot warehouse at 537-545 Greenwich Street was purchased along with 42,500 square feet of additional air rights this past spring for the sum of $52 million. The 2013 rezoning allows for as-of-right residential development in the hope of turning the sleepy area into a more vibrant mixed-use neighborhood.
A height limit of 290 feet was set along major avenues and 210 feet on narrower side streets. This partly explains FR-EE’s vigorous use of cantilevering projections and the tower’s energetic, blossoming form. Since the additional air rights from neighboring properties could not be utilized vertically a la “billionaire’s row” the architects masterfully disguised the potentially hulking and jarring horizontal protrusions with a billowing form blown by the Hudson’s hearty down-river winds.
The architects also note: “The cantilevered floors exemplify the strategy of having more square feet in the most profitable area, while also generating outdoor spaces and unique interior layouts.” Amenities will also include on-site parking and a common garden.
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UPDATE 12/22: We’ve been informed that Cape Advisors will not move forward with FR-EE’s design. The developer will announce the architecture firm taking on the project, along with the first rendering, in the near future.
Neighborhoods : Hudson Square