Construction has reached its peak at 570 Washington Street, a 17-story residential building on the border of Manhattan's West Village and Hudson Square neighborhoods. Designed by COOKFOX with SLCE as architect of record and developed by Jonathan Rose Companies, Atlas Capital Group, The Baupost Group and Zeckendorf Development, the structure will yield 175 affordable senior apartments with an average area of 1,065 square feet, as well as 3,300 square feet of ground floor retail space. The project is located on the same block as the two-tower 80 Clarkson Street complex and is bordered by Clarkson Street to the north, West Houston Street to the south and Washington Street to the eastd80 Clarkson and West Street to the west.
The entire reinforced concrete superstructure has been constructed since our last construction update in July, when the foundations for the building and its sister project at 80 Clarkson Street had just reached street level. Current photos show the teams already in the process of enclosing the structure with its stone facade and window grille. The western property wall will eventually be obscured by the 80 Clarkson Street towers.
The main display faces west along West Houston Street and overlooks the main eastern facade of 570 Washington Street and the series of setbacks topped with landscaped terraces. The building will have a cohesive exterior design with the 80 towers on Clarkson Street, also designed by COOKFOX, with all three buildings using the same facade materials and windows.
Below is an additional rendering of 570 Washington Street, showing a street perspective of the front entrance along Washington Street.
The project is expected to cost $179 million, with approximately $80 million in HOME and city capital funding provided by the New York City Department of Housing, Preservation and Development. 570 Washington Street is also financed with a $60 million construction loan from Citi Bank and a $65.5 million permanent mortgage from Freddie Forward. The homes on the property are available to households earning 50 percent of the regional median income and less.
The facility will include 5,600 square meters of living space, including a community room with a warming kitchen, a health and wellness center, dedicated social services offices, meeting rooms, a computer lab and library, as well as a fitness room. Residents have access to on-site supportive services, including case management and group programs provided by the Jewish Association Serving the Aging. The Settlement Housing Fund will act as the managing agent for the project.
The building is expected to achieve LEED Gold certification and meet Zone Green and Local Law 97 requirements. Sustainable features include an energy-efficient heating and cooling system, water-saving fixtures, efficient LED lighting and tiered green roofs.
The closest subway to the project is Line 1 at the Houston Street station to the east.
The estimated completion date for 570 Washington Street is December 2026, as reported locally.
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