The Real Deal New York

Is this crazy cantilevered condo coming to Hudson Square?

The tower would rise the maximum 290 feet allowed by zoning

December 21, 2014 11:20AM

537 Greenwich Street

535 Greenwich Street

UPDATED, Dec. 22, 3:27 p.m.: Ever since the 2013 rezoning of Hudson Square, the once-quiet commercial neighborhood has been a hotbed of residential development. But now the most unusual building yet could be coming to the rapidly changing area.

A new development by Cape Advisors at 535 Greenwich Street would have 26 floors and 116 condo units, on an L-shaped lot, according to Curbed.

The 57,500-square-foot warehouse site, with 42,500-square-feet of buildable air rights, was bought last spring for $52 million.

And while these designs are not yet confirmed, it reveals the interesting challenge developers face in Hudson Square – a 290-foot height limit along major avenues and a limit of 210 feet on side streets. [Curbed] Christopher Cameron

Correction: Cape Advisors confirmed that the building depicted in the above renderings is not being built. “Cape Advisors held a design competition among several high-profile international architecture firms, and ultimately decided to go in a different direction from FR-EE’s proposal,” a Cape Advisors spokesperson said. 

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