Notes map out Atlas’ plans for St. John’s Terminal

Discussion at meeting indicates project will likely include condos, retail and affordable housing

New York /
Nov.November 12, 2014 11:05 AM

The proposed new development at St. John’s Terminal across from Pier 40 will include condos, affordable housing and retail space, according to hand-written notes that came out of a meeting between the developers and the Manhattan Borough President.

According to the notes, which were obtained by DNAinfo through a Freedom of Information Law request, the below-market-rate units in the Atlas Capital Group-developed building will not have river views.

The first phase of the project will include 450,000 square feet of condo space and 100,000 square feet of retail, the notes indicated.

Atlas is planning to pay $100 million to acquire 250,000 square feet of air rights from the neighboring pier. The developer will use that space to build an addition to the St. John’s Terminal building at 550 Washington Street, the website reported. The plan — which hasn’t been presented to the public yet — will still need approval from the state, the city and the borough president’s office.

The developer also proposed to use 110,000 square feet of the project for affordable housing for senior citizens. [DNAinfo] — Claire Moses

 
 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Extended Stay America CEO Bruce Haase (Extended Stay, HomeWell Francising)

Extended Stay America weathering pandemic better than rivals

Extended Stay America weathering pandemic better than rivals
Affordable housing developers hope the federal government set a floor rate for 4 percent Low Income Housing Tax Credits. (iStock)

Affordable housing developers look to feds for financing fix

Affordable housing developers look to feds for financing fix
Emily Giske, Scott Durkin, president and COO of Douglas Elliman, Bess Freedman, CEO of Brown Harris Stevens and Pam Liebman, CEO of the Corcoran Group (ERG Advisors, Douglas Elliman, Brown Harris Stevens, Corcoran Group)

NYC’s biggest brokerages take on Albany

NYC’s biggest brokerages take on Albany
Ken Fisher of Fisher Brothers and 605 Third Avenue (Fisher Brothers)

JPMorgan, Fisher Bros. land $400M refi on 605 Third

JPMorgan, Fisher Bros. land $400M refi on 605 Third
Ken  Griffin and lots on Star Island Drive (Citadel, Google Maps)

Ken Griffin continues buying spree with $25M Miami Beach parcel

Ken Griffin continues buying spree with $25M Miami Beach parcel
arrow_forward_ios

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

Loading...