Related reveals first glimpse of 12-story Tribeca rentals

Developer sought "inclusionary housing" bonus to build beyond zoning constraints

Rendering of 261 Hudson Street
Rendering of 261 Hudson Street

The Related Companies have revealed renderings for a 12-story rental building at 261 Hudson Street in Tribeca.

The Ismael Leyva-designed property between Spring and Canal streets will hold 201 apartments, adhering to the 80-20 structure, Tribeca Citizen reports. Forty-one of the units will be affordable; the rest will be market rate.

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In March, the developer sought to use an “inclusionary housing” bonus that would allow it to build bigger than zoning allows in exchange for affordable housing, as previously reported. A one-story brick building on the site was demolished last year. [Tribeca Citizen]Mark Maurer