The Real Deal New York

GID files offering plans for 103 condos at Riverside Center

Developer is seeking tax-exempt financing for three buildings at the site

November 15, 2016 01:45PM
By Rich Bockmann

Rendering of 30 Riverside Boulevard (credit: Goldstein Hill & West Architects) and James Linsley

Rendering of 30 Riverside Boulevard (credit: Goldstein Hill & West Architects) and GID’s James Linsley

GID Development Group filed condominium offering plans for more than 100 units at two buildings in the Riverside Center development on the Upper West Side.

The developer plans to build 47 residential condos at 639 West 59th Street and another 56 units at 10 Riverside Boulevard, according to the New York state Attorney General’s office. No pricing information was included.

The condo units, though, represent just a fraction of the two buildings’ overall size. Previous plans filed with city Department of Buildings show GID is developing a total of 244 units at 639 West 59th Street and 288 units at 10 Riverside Boulevard.

GID is seeking $220 million in tax-exempt financing from the state’s Housing Finance Agency for its three buildings at the site. The third building is 30 Riverside Boulevard, which will have 160 condo units.

GID paid $265 million to Extell Development and the Carlyle Group last year to buy the development sites for 10 Riverside and 369 West 59th Street. In all, the company has paid more than $940 million to acquire development sites at Riverside Center. Silverstein Properties is behind two separate projects at the site.

MENU