Lalezarian Properties planning new 260-unit building in Hudson Yards

Tower at 606 West 30th Street to stand 45 stories tall

New York /
Mar.March 04, 2019 09:30 AM

Renderings of 606 West 30th Street and Kevin Lalezarian (Credit: CityRealty)

Lalezarian Properties is planning to build a 45-story, 260-unit mixed-use tower at 606 West 30th Street, according to plans pre-filed with the Department of Buildings.

The mixed-use property would span more than 200,000 square feet, split between about 193,000 square feet of residential space and 14,000 square feet of commercial space. It would stand 545 feet tall.

All units will be rentals and split between 75 percent market rate and 25 percent affordable units, according to Lalezarian.

In June, the City Council rezoned a few blocks just south of Hudson Yards, which gave Lalezarian and Douglaston Development approval to begin construction on a total of 1,200 apartment units. Douglaston is planning a 62-story building with 931-plus apartments at 601 West 29th Street.

Lalezarian purchased the site from the family of late real estate investor Anita Butensky Katzman in 2015 for $36 million. The property is in Hudson Yards, where the firm has several other projects. These include a 38-story apartment building west of 10th Avenue between 36th and 37th streets and three rental buildings west of 10th Avenue between 28th and 29th streets. The company recently landed a $220 million refinancing package for those properties.

The firm also recently bought a development site at 34th Street and Third Avenue in Murray Hill for $79.5 million.


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
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
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
D&F Development Group’s Peter Florey and the development site at the northwest corner of Pulaski and Elwood Roads in East Northport (D&F Development Group, Google Maps)
Four decades in making, East Northport project clears key hurdle
Four decades in making, East Northport project clears key hurdle
From left: Century Development's Group’s George Xu and City/Rybak Development’s Sergey Rybak with 78-29 Austin St./11-36 45 Road
Rybak, Century file to build Queens multifamily projects
Rybak, Century file to build Queens multifamily projects
ZappiCo's Jim Zappi and Pocantico Lake (ZappiCo Real Estate Development, Google Maps)
Developer wants 29 waterfront homes; Nimbys want none
Developer wants 29 waterfront homes; Nimbys want none
The door at 553 West 30th Street, Related's Stephen Ross and 15 Hudson Yards (Getty, Google Maps)
Judge rejects “poor door” lawsuit at Related’s 15 Hudson Yards
Judge rejects “poor door” lawsuit at Related’s 15 Hudson Yards
Miki Naftali with 215 West 84th Street (Getty, Corcoran)
Naftali takes hit in battle with UWS holdout
Naftali takes hit in battle with UWS holdout
arrow_forward_ios

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

Loading...