TF Cornerstone’s West Side project adds public school

Land Use latest committee to approve mixed-use development on West 57th Street

New York /
Apr.April 25, 2014 11:20 AM

TF Cornerstone received approval yesterday from the City Council’s Committee on Land Use to proceed with its 1.9-acre Hell’s Kitchen development after agreeing to add a public preschool.

The developer said it would allot an extra 10,000 square feet of moderate-income housing, for families earning about $150,000 in annual income. The 1,025-unit rental project at 606 West 57th Street would hold 220 affordable units, rather than 205 as initially planned.

The deal, which Council member Helen Rosenthal made with the developer, calls for a pre-Kindergarten program as well as a smaller parking garage, Capital New York reported. The City Planning Commission, Community Board 4 and the Manhattan Borough President’s Office have signed off. But TF Cornerstone’s request for a zoning change in order to build the twin 28-story structures – and a 14-story cube above them — has yet to be officially approved by the city. [Capital New York] and [DNAinfo]Mark Maurer


Related Articles

arrow_forward_ios
312 West 43rd Street, National Real Estate Advisors CEO Jeffrey Kanne and Taconic Partners' Paul Pariser and Charles Bendit (Google Maps, National Real Estate Advisors, Taconic Partners)
Taconic JV lands $204M loan for Hell’s Kitchen luxury rental
Taconic JV lands $204M loan for Hell’s Kitchen luxury rental
Kei Komuro and Princess Mako (Getty)
Beauty and the lease: ex-Japanese royal moves to Hell’s Kitchen one-bedroom
Beauty and the lease: ex-Japanese royal moves to Hell’s Kitchen one-bedroom
Council committee approves Windermere office conversion
City Council committee approves Windermere office conversion
City Council committee approves Windermere office conversion
Airbnb CEO Brian Chesky, 536 East 14th Street, Mayor Bill de Blasio and 412 West 49th Street (Getty, Google Maps)
City settles two Airbnb rental lawsuits for $1.2 million
City settles two Airbnb rental lawsuits for $1.2 million
TF Cornerstone president Fredrick Elghanayan and 595 Dean Street (TF Cornerstone, rendering via MOSO Studio)
TF Cornerstone scores $385M loan for Prospect Heights apartment towers
TF Cornerstone scores $385M loan for Prospect Heights apartment towers
Camber Property Group Principals Andrew Moelis and Rick Gropper with 440 West 41st Street (Caro Enterprises, Inc.)
Camber Property buys bankrupt Hell’s Kitchen building for $40M
Camber Property buys bankrupt Hell’s Kitchen building for $40M
The Mercedes House (Photos via Instrata, Ten Arquitectos)
Nab this rent-stabilized penthouse for $8K per month
Nab this rent-stabilized penthouse for $8K per month
Gotham's Joel Pickett and Gotham West. (Gotham)
Gotham faces rent overcharge lawsuit in Hell’s Kitchen
Gotham faces rent overcharge lawsuit in Hell’s Kitchen
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...