First Look: 4650 Broadway, 23-Story Apartment Building in Washington Heights
The City Planning Commission discussed initial plans for the mixed-use development earlier this week. The project, dubbed Sherman Plaza, would be the first one affected by the mayor’s new mandatory inclusionary housing (MIH) policy, which requires builders to set aside at least a quarter of their apartments as affordable housing if they want to build on rezoned land. In exchange for the rezoning, the developers said they would rent 25 or 30 percent of the apartments at below-market rates.
The documents outline two different proposals for the development, which would be one of the largest new buildings constructed in upper Manhattan in decades. The smaller plan calls for a 23-story, 335-unit building with 25,000 square feet of retail and 15,000 square feet of community facilities. Roughly 100 affordable units would be rented through a lottery to families who make up to 80 percent of the Area Median Income, or $62,150 for a family of three.
The rendering above shows that plan, and the massing isn’t exactly ideal. That’s because it doesn’t take into account the design flexibility built into the city’s new zoning tweaks, known as Zoning for Quality and Affordability (ZQA).
While we don’t know how closely the finished building will resemble these designs, we do like how the structure takes advantage of the wedge-shaped site. The lot – and its current structure – have an unusual rounded corner. So the new development could have a rounded, Art Deco-style base that mirrors its predecessor.
A two-story parking lot with a U-Haul rental currently occupies the property at the corner of Broadway, Sherman Avenue, and Ellwood Street. Demolition plans have not yet been filed to knock down the 75,000-square-foot building.
4650 Broadway has just started making its way through the public approval process, which will take six months and require votes from the local community board, the borough board and the City Planning Commission. Even if the developers line up their permits and zoning quickly, we don’t expect construction to start until mid-2017 or later. (via YIMBY)
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