A mixed-use, vacant
development site located on the eastern blockfront of Tenth Avenue between West
30th and West 31st Street directly across the street from the Hudson Yards. The
site has a base FAR of 10.0; an additional 11.6 of FAR can be purchased from the
Hudson Yards District Improvement Fund. 116 421a certificates may be purchased
along with the site for an additional consideration. The property greatly
benefits from its location on the edge of the Hudson Yards Redevelopment
Project, a multi-billion dollar, 26-acre mixed-use project that will completely
transform the west side of Manhattan. It will include approximately 24 million
square feet of Class A office space, +/- 13,500 residential units, an estimated
1 million square feet of retail, hotels, a 750-seat public school, and an
extension of the No. 7 Subway to 34th Street. The property also sits across from
the planned second phase of the High Line, an elevated park which is envisioned
to stretch from the Hudson Yards to the West Village. The first phase, which
opened in June 2009, constituted a $172 million investment by the city.
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