NEW YORK CITY—A joint venture of Mitsui Fudosan America and Taconic Investment Partners will break ground in the coming weeks on a twin-tower 392-unit housing development on Manhattan’s West side.

The 392-unit project at 525 West 52nd St. will include 79 low-income housing units, comprising 20% of the total development. The complex will feature 304,800 square feet of rentable floor space, with the North Tower rising 22 stories high while the South Tower will total 14 stories and include a rooftop deck. The affordable units are being developed through New York State’s 80/20 Housing Program.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.