The Real Deal New York

Related, Ponte to build 107-unit rental in Tribeca

80/20 building at 460 Washington St. to be designed by BKSK

April 06, 2015 12:45PM

460 Washington

Jeff Blau (credit: STUDIO SRIVO) and 460 Washington Street in Tribeca

The Related Cos. and Ponte Equities are building a 10-story rental property at 460 Washington Street in Tribeca.

The 107-unit building, located between Watts Street and Canal Street, is being designed by BKSK Architects, and 20 percent of the units will be affordable, according to the New York Observer. Ismael Leyva Architects is the architect of record and responsible for designing the apartment interiors.

The project, slated for completion by early next year, will feature a gym, lounge and party space, rooftop garden, underground parking, and a day care facility.

The units will have “wonderful river views” facing the West Side Highway, BKSK partner George Schieferdecker told the newspaper, adding that the building’s design with have “two very distinct sides to it” – a “glass and metal” façade on the side facing the Hudson River, and a take on Tribeca’s “older brick, big-windowed manufacturing buildings” on the opposite side.

Related’s first filed plans for the project in 2012. Department of Buildings filings showed plans for a building with just over 140,000 square feet.

Last year, the developer also purchased a six-parcel development site in Tribeca from Ponte, a major landlord in Tribeca, for $115.3 million. Related subsequently announced plans for a 46-unit, 152,000-square-foot condo building at one of the parcels, 268 West Street. [NYO]Rey Mashayekhi

  • FallOut

    I remember watching an episode of”the Sopranos” and Tony, lamenting that his financial difficulties said to his wife Carmela, “I wish I had done what that other garbage hauler in Tribeca did, buy real estate.”

  • BH

    affordable to who?