Volume 16 • Issue 43 | March 26 - April 1, 2004

Hudson Square

Residential development expands in Hudson Square

By Albert Amateau

Downtown Express photo by Lincoln Anderson

Residential construction projects at 497 and 505 Greenwich St.

Hudson Sq., the former printing house district between Houston and Canal Sts. west of Sixth Ave., is being transformed as expensive residential condos are nearing completion and more are planned.

Even before the Department of City Planning last year rezoned the manufacturing area at the south end of the district bounded by Spring, Hudson, Canal and Washington Sts., developers won variances for high-rise residences that are now attracting celebrity home buyers.

Some property owners in the district including the largest, Trinity Real Estate, favor turning the neighborhood into a business improvement district, which allows for added services which are funded through assessments on the buildings.

At 497 Greenwich St., between Canal and Spring Sts., a new 11-story glass-fronted condo that also encompasses a converted warehouse is nearing completion. Developed by Jonathan Carroll and designed by Winka Dubbeldam, the project includes a duplex penthouse with an asking price of $6.6 million.

Next door at 505 Greenwich St., the developers, Synchron Corp. and Metropolitan Housing partners are just completing an all new 14-story glass-front condo designed by Gary Handel & Associates with 104 units with asking prices of as much as $3 million.

In the works is an 11-story Philip Johnson-designed residential tower at 328 Spring St. at the corner of Washington St. planned by the developer, Nino Vendome. The project, redesigned several times, will replace a three-story garage adjacent to an 1817 landmarked house where the Ear Inn is located on the ground floor.

Now that the area has been rezoned to allow residential buildings with a height of 120 ft., more projects are expected. The developer and architects, Peter Moore Associates, plans an eight-story residential building on Spring and Renwick Sts. just east of the two Greenwich St. projects and another on Washington and Canal St. near the Vendome project.



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