Bjarke Ingels Group has released a preliminary design for its massive, geometric $870 million project along the High Line at 17th Street. According to New York YIMBY, who first spotted the renders, the buildings will stand 38 and 28 stories tall and will have approximately 300 apartments.
The project is located at 76 Eleventh Avenue with an alternate address of 501 West 17th Street. It's one of the largest undeveloped plots along the High Line, and the project will span 800,000 square feet when it is complete. Based off of the preliminary design, the two towers will measure 402 feet and 302 feet, and will sit atop a base that will be comprised of retail space and a hotel.
The first floor will measure about 50,000 square feet and feature retail. The next three floors, which will measure 150,000 square feet, will be dedicated to a hotel. The remaining 550,000 square feet of space above that will be all residential. The project's slanted design affords a greater number of apartments with views of the High Line and Hudson River, so whether or not this design moves forward it seems a given that this design element just might.
HFZ Capital purchased the site for an astronomical $870 last summer, making it the second most expensive acquisition only to Extell's Riverside Center site. Once complete, the project will mostly feature two and three bedroom apartments with prices starting just under $4 million. The project is yet another addition to the large slate of luxury buildings either under development or close to finish along the High Line.
The Bjarke Ingels project has a tentative completion date sometime in 2018.
· First Look At 76 11th Avenue, BIG-Designed Towers Coming To Meatpacking [NY YIMBY]
· Bjarke Ingels's High Line Condos Will Only Be Kinda Expensive [Curbed]
· Mapping the Many Developments Rising Around the High Line [Curbed]