Lalezarian planning 38-story Hudson Yards resi tower

Building near Spitzer, Fascitelli projects will have 250 units

New York /
Jun.June 11, 2015 04:55 PM

Lalezarian Properties is looking to build a 38-story apartment tower in Hudson Yards near upcoming projects by Eliot Spitzer and Mike Fascitelli’s Imperial Properties.

The Nassau County-based developer plans to erect a 250-unit, 330,000-square-foot building on the block between West 36th and 37th Streets just west of Tenth Avenue, according to an application filed with the Department of City Planning.

Lalezarian began assembling a development site there in 2012, paying a total of $46.9 million for a trio of properties from 513-521 36th Street and another behind them fronting on 37th Street. Twenty percent of the units will be set aside as affordable housing.

Company principal Kevin Lalezarian could not be reached for comment.

Like a plastic building on a Monopoly board, the project fills out another property in the Hudson Yards neighborhood created when the city rezoned the section of the Far West Side in 2005.

On the block south of Lalezarian’s site, Spitzer Engineering plans to build office and hotel properties, while two blocks to the north, Fascitelli’s Imperial is working to develop a 250-unit rental building.

Lalezarian is currently developing three rental buildings with 374 apartments further south at 28th Street along the High Line.


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
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Lalezarian Properties CEO Kevin Lalezarian and 606 West 30th Street (Ismael Leyva Architects)
Lalezarian lands $170M loan for resumed Hudson Yards tower
Lalezarian lands $170M loan for resumed Hudson Yards tower
Tishman Speyer CEO Rob Speyer, Turner Construction CEO Peter Davoren and The Spiral at 66 Hudson Boulevard (Getty, Turner Construction, Tishman Speyer)
Build it and we will come: Turner Construction moves HQ to Tishman Speyer’s Spiral
Build it and we will come: Turner Construction moves HQ to Tishman Speyer’s Spiral
Eliot Spitzer, Stephen Ross, 506 and 152 West 36th Street and 511 West 35th Street (Google Maps, Related Group, IMDB)
Related Companies nabs land from Spitzer Enterprises for $77M
Related Companies nabs land from Spitzer Enterprises for $77M
KKR chairman Henry Kravis, 30 Hudson Yards and Related Chairman Stephen Ross (Getty)
KKR buys Hudson Yards observation deck for $500M
KKR buys Hudson Yards observation deck for $500M
Radson Development co-founder Jacob Rad and the site of the development (Google Maps, LinkedIn via Rad)
Pair of mixed-use towers to rise at site of Hell’s Kitchen slaughterhouse
Pair of mixed-use towers to rise at site of Hell’s Kitchen slaughterhouse
arrow_forward_ios

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

Loading...