Two residential towers will be built on West 14th St., one with60 upscale condominiums, the other with rental apartments. Twentypercent of the latter will be set aside for low income tenants.

The Y will maintain its services on 23rd Street until it movesto its new space, about 67,000 sf on two floors, the same as it haduptown on nine floors. The dozen or so residents that remain at the23rd Street property will be allowed to continue living there.DavidLebenstein, director of sales and leasing at Time Equities, andArlene Wysong, senior managing director at Newmark & Co. RealEstate represented the Y in the 14th St. deal. They also brokeredthe sale of a Y building on West 24rd Street to Common Ground, anon-profit organization that assists the homeless and low-incomepopulations.

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