SL Green Tops Off 185 Broadway
When it is delivered the 34-story building will be the area’s first development to be built under the Affordable New York Housing Program.
SL Green Realty has topped off 185 Broadway, a 34-story, mixed-use building in Lower Manhattan. Once completed, the property will be the area’s first development to be built under the Affordable New York Housing Program.
“SL Green has a long history of investing in Lower Manhattan and 185 Broadway enables us to bring essential affordable housing to the neighborhood through the Affordable New York Program,” said COO Edward V. Piccinich, in prepared remarks.
Located directly across from the Fulton Transit Center, the 260,000-square-foot building will consist of 17,000 square feet of flagship retail space at the base across the basement, ground, and 2nd floors, 26,000 square feet of commercial space across floors 3 – 5, and 217,000 square feet of residential space. The column-free ground floor retail sits directly on Broadway and features 22-foot high ceilings. The Dey Street building frontage contains two separate entrance lobbies for the residential and commercial spaces.
FX Collaborative designed the 209-unit rental property, of which 30% of the units will be affordable. The building’s interiors were designed by INC Architecture & Design, with such amenity features as co-working space, a state-of-the-art fitness center, club lounge, board room and abundant outdoor spaces. Pavarini McGovern is overseeing the construction of the development.
The development was made possible in part through the use of unutilized air rights purchased by SL Green from the Metropolitan Transportation Authority, providing discretionary funding to the MTA.