Nonprofit files plans for new assisted living building in Hudson Yards

Covenant House planning 12-story project with 60 units

New York /
Jul.July 10, 2018 01:00 PM

460 West 41st Street (Credit: Google Maps)

A nonprofit focused on helping homeless youths is planning a 60-unit building in Hudson Yards.

Covenant House filed plans for a 12-story building at 460 West 41st Street on Tuesday with the Department of Buildings. The project would span about 53,000 square feet and replace a smaller eight-story youth homeless shelter.

The nonprofit has owned the property since 1984, according to property records. Earlier this year, it went under contract to sell part of the site to the Gotham Organization for $78 million, a sale that should close before the end of 2021. Gotham is planning a mixed-use, mixed-income property for the site but agreed to first build Covenant a new facility.

Covenant House was accused of inflating the number of teens it served in 2016 to secure more funding from the city, which stalled the Economic Development Corporation’s attempt to find a developer for the site. Covenant denied the accusations.


Related Articles

arrow_forward_ios
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
PulteGroup's Ryan R. Marshall and RedFin's Glenn Kelman (PulteGroup, RedFin, Getty)
Wall Street is bidding up housing stocks again
Wall Street is bidding up housing stocks again
Empire Capital Holdings' Josh Rahmani, Hakimian Capital's Michael Hakimian, RXR's Scott Rechler and 1330 6th Avenue (Getty, Hakimian Capital, Empire Capital Holdings, 1330aofa.com)
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Urban Commons' Salvatore G. Takoushian with Wagner at the Battery
Urban Commons puts FiDi hotel into bankruptcy
Urban Commons puts FiDi hotel into bankruptcy
(Illustration by The Real Deal; Getty)
Multifamily faces stricter emission caps
Multifamily faces stricter emission caps
Amir Korangy, Michael Shvo and Jeff Greene
Michael Shvo and Jeff Greene talk distress, opportunities in office
Michael Shvo and Jeff Greene talk distress, opportunities in office
(Getty)
Developers went on permit palooza before 421a expiration
Developers went on permit palooza before 421a expiration
arrow_forward_ios

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

Loading...