The West Side site that was purchased in a partnership between DHA Capital, USAA Real Estate Company, and Crimson Real Estate Fund for $50 million in late 2012 finally has a rendering, NY YIMBY points out. The residential-building-to-be at 546 West 44th Street, designed by architects CetraRuddy (sorry Nicolai Ouroussoff) will be comprised of two 14-story towers with a total square footage of 220,000. Development rights on the site allow for 165,000-square-feet, but DHA is opting into the inclusionary housing bonus that allows the extra 55,000-square-feetof the towers' approximately 300 units, 20-percent will be affordable. There will be a mix of studios, one-bedrooms, and two-bedrooms.
The above drawing and rendering come to us from the city's Remedial Action Work Plan website for 546 West 44th Street, which details the project development and extensive site clean-up. Because the development is situated on a lot that was formerly dedicated to industrial use, the plan for the site must mitigate potential damage from contaminated soil. Construction permits for the site have been partially approved. As per the above drawing, the two towers look more or less the same.
· Revealed: 546 West 44th Street [NY YIMBY]
· West 44th Street building site fetches $50M [Crain's]
· Remedial Action Work Plan [Official]
· All 546 West 44th Street coverage [Curbed]