Starting tomorrow, qualifying New York residents can apply for 116 sparkling new apartments at 10 Freedom Place South in Christian de Portzamparc’s masterfully planned Riverside Center on the Upper West Side. The affordable offer is part of Silverstein Properties and the Elad Group’s luxurious new Pelli Pelli Clarke-designed 1 West End Avenue project, built through the city’s 421-a Inclusionary Housing Program. As such, the development’s 365 units have been divided into two sections served by two separate entrances—116 affordable apartments located in the lower eight floors marked by stone, and 249 lavish market-rate units topping them off in the glass tower.
The Plaza, New York City’s iconic 109-year-old hotel and residence (formerly known as the Plaza Hotel) at 1 Central Park South will head for the auction block next month, says Bloomberg Business. An unnamed source claims the storied hotel will be offered in a foreclosure auction on April 26 along with the Dream Downtown hotel in Chelsea. The two mortgages total about $500 million, according to the report.