Washington Street in Flux

Last time we heard about 465 Washington (above) was April of 2015, when a rendering dribbled out. As previously announced, the plan called for a 10-story building where a five-story building currently stands. Now the project is moving forward, says the Real Deal: “According to an offering plan filed last week with the New York State Attorney General’s office, the investor-turned-developer [Arthur Becker] is planning an eight-unit building” there, with the same rendering. “465 Washington will have seven simplex apartments and one penthouse duplex, ranging from 2,000 square feet to 4,000 square feet, he said. Prices will range from $2,200 per square foot to $3,200 per square foot. Units will ask between $5 million and $14 million.” Becker paid $6.1 million for the building in 2012, and he also bought air rights from 471 Washington to the north and an easement from 502-506 Canal, the Ponte Equities building behind 465.

That makes five projects in the works on a three-block stretch of Washington Street. The numbers are for the annotated map below:

1. 528-320 Canal / Plans call for an eight-story mansion
2. 465 Washington / 10-story condo building , as described above
3. 456 Greenwich / The forthcoming hotel that runs along Desbrosses to Washington
4. 440 Washington (31 Desbrosses) / Ponte Equities’s 41-unit residential building, presumably to start construction once 70 Vestry is done
5. 70 Vestry / It might as well be on Washington, seeing as how the construction site extends to the street

And completed in the last few years:

A. 471 Washington / New six-story condo building (A)
B. 456 Washington / New 84-unit rental building (B)
C. 449 Washington / Five-story conversion with two-floor addition (C)

The corner that would seem to be next (pictured at the bottom) is marked with a question mark.


1 Comment

  1. There goes the neighborhood. You know it’s time when you have to start buildings on top of buildings!? ;)

    Any news on the Hotel… unfortunately seems to be at a dead stop again… would be a good addition to our little neck of the neighborhood