601 West 29th Street

601 West 29th Street is a building under construction in Chelsea, Manhattan, New York City developed by Douglaston and designed by the architectural firm FXCollaborative. The building is built on infill and will be adjacent to the High Line and the Hudson Yards development.[2] Douglaston purchased 120,000 square feet (11,000 m2) of air rights from the nearby Chelsea Piers to construct the building, and is coordinating with Lalezarian as 601 West 29th neighbors their construction site at 606 West 30th Street.[3]

601 West 29th Street
Alternative namesBlock 675 Tower A
General information
ClassificationResidential
Location601 West 29th Street
Manhattan, New York City
Coordinates40.753048°N 74.004440°W / 40.753048; -74.004440
Estimated completion2022
Height695 feet (212 m)
Technical details
Floor count62
Design and construction
ArchitectFXCollaborative
DeveloperDouglaston Development
References
[1]

History

The site formerly held a studio used by the artist Jeff Koons.[4] Douglaston acquired the site through a 99-year ground lease for $129.6 million.[5]

In June 2019, Ares Management invested $160 million in equity in the project. At the same time, the development raised $415 million in construction debt from a consortium of banks led by HSBC including Bank of China, Helaba, Banco Santander, and Raymond James Financial.[5] Excavation for the building's foundations began in September 2019.[6]

Design

Permits indicate that the building will rise roughly 700 feet (210 m).[7] New permits were filed in September 2018, indicating that the building will have 931 units, including 234 affordable apartments.[8] Planned amenities include a fitness center, outdoor terraces, a pool, private cabanas, a pet daycare, and 198 subterranean parking spaces. Additionally, the ground floor will contain 15,000 square feet (1,400 m2) of retail space.[5]

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References
  1. "Block 675 Tower A". Skyscraper Center. Retrieved June 8, 2019.
  2. Hylton, Ondel (June 26, 2018). "Two Soaring Towers Planned South of Hudson Yards, See Historic Maps of the Site". Cityrealty. Retrieved July 19, 2018.
  3. Warerkar, Tanay (June 29, 2018). "West Chelsea development with 1,200 apartments gets City Council approval". Curbed. Retrieved July 19, 2018.
  4. Greenberger, Alex (May 29, 2015). "Jeff Koons Will Move Studio to Hell's Kitchen". Artnews. Retrieved July 19, 2018.
  5. Diduch, Mary (June 6, 2019). "Douglaston brings in new partner on West Side resi tower, lands construction loan". The Real Deal. Retrieved June 8, 2019.
  6. Young, Michael (September 3, 2019). "Excavation Begins For 695-Foot-Tall Residential Skyscraper At 601 West 29th Street In Hudson Yards". New York YIMBY.
  7. Fedak, Nikolai (June 13, 2017). "First Look At Block 675 Redevelopment In Hudson Yards, 601 West 29th Street And 606 West 30th Street". YIMBY. Retrieved July 19, 2018.
  8. Nelson, Andrew (September 13, 2018). "Permits Filed For FX Collaborative's 58-Story 601 West 29th Street, Adjacent To Hudson Yards". YIMBY. Retrieved September 13, 2018.
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