The Real Deal New York

Notes map out Atlas’ plans for St. John’s Terminal

Discussion at meeting indicates project will likely include condos, retail and affordable housing

November 12, 2014 11:05AM

From left: 550 Washington Street, Gale Brewer and rendering of the St. John's Terminal building

From left: 550 Washington Street, Gale Brewer and rendering of the St. John’s Terminal building

The proposed new development at St. John’s Terminal across from Pier 40 will include condos, affordable housing and retail space, according to hand-written notes that came out of a meeting between the developers and the Manhattan Borough President.

According to the notes, which were obtained by DNAinfo through a Freedom of Information Law request, the below-market-rate units in the Atlas Capital Group-developed building will not have river views.

The first phase of the project will include 450,000 square feet of condo space and 100,000 square feet of retail, the notes indicated.

Atlas is planning to pay $100 million to acquire 250,000 square feet of air rights from the neighboring pier. The developer will use that space to build an addition to the St. John’s Terminal building at 550 Washington Street, the website reported. The plan — which hasn’t been presented to the public yet — will still need approval from the state, the city and the borough president’s office.

The developer also proposed to use 110,000 square feet of the project for affordable housing for senior citizens. [DNAinfo] — Claire Moses

 

 

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