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Dermot, AFL-CIO JV on West Side Apartments

NEW YORK CITY-The 43-story 21 West End Ave. rental tower will be built under the New York State Housing Finance Agency's 80/20 Program.

By Paul Bubny | Updated on December 19, 2012

NEW YORK CITY-In their fourth project together, the Dermot Co. and the AFL-CIO Building Investment Trust have broken ground on a development site at 21 West End Ave. The site, which will give rise to a 43-story rental apartment tower, was acquired from Extell Development Co., a spokeswoman for Dermot tells GlobeSt.com.

The purchase price for the site was not disclosed. The New York Post reported Wednesday that city documents indicate it went for $70 million, with a four-story New York City public school adding nearly $30 million to land costs.

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