A massive building with offices and apartments will likely be built across the street from the Javits Center, The Real Deal reports. Rockrose Development intends to construct a mixed-use development that could be as big as 1.4 million square feet.
As of right Rockrose can build half a million square feet on the property, which it purchased for over $83 million in 2007, records show. The large parcel of land occupies half a block between West 38th and West 39th Streets and between Tenth and Eleventh Avenues.
The developer will have to go through a Uniform Land Use Review Procedure (ULURP) to proceed with its plans to add more square footage. Rockrose is hoping to contribute to funds that finance public infrastructure like Hudson Park, which in turn will help it procure more square footage, according to TRD.
Details of the project as well as the division between residential and office spaces are yet to be revealed, but when TRD first reported on Rockrose's steady acquisition of properties near the Hudson Yards area, it was speculated that the development could have upwards of 500 apartments.