Riverside South (Trump)

Address: Riverside Boulevard between 59 to 72 Streets
Block: See below
Lot: See below
Landmark status: No

Contact

Paul Elston, President
Riverside South Planning Corp.
99 Park Avenue
New York, NY 10016
(212) 370-3630

Peter Fine
Managing Principal
Atlantic Development Group, LLC
331 West 57 Street, Suite 007
New York, NY 10019
(212) 620-0500

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Summary of site plans and status

UPDATE: 2/27/08
The City Planning Commission is currently drafting the scoping document. There will be a public scoping session, a date for this scoping session has not yet been scheduled.
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UPDATE: 2/15/08
The Hudson Waterfront Associates, L.P. (HWA) has signaled their intention to apply for a Temporary Certificate of Occupancy (TCO) for 100 Riverside Boulevard (Building H). Prior to the issuance of a TCO, more than 50% (2,508 units) of the market rate units, 40% (273 units) of the total required affordable housing units (684 units) must be completed. This obligation has been satisfied, as there are currently 395 affordable units.
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UPDATE: 11/19/2007
Road work on 62 Street and 64 Street extending into the Riverside South Development is underway.

Riverside South is 56-acre containing 16 residential buildings with 5,700 residential units, and a 23-acre public waterfront park. The Penn Yards was rezoned in 1992 to allow for residential development. Donald Trump was the developer. In June of 1994 Hudson Waterfront Associates purchased Trump’s $315 million defaulted mortgage on the site for a little under $89 million. In 2005, Hudson Waterfront sold most of the Riverside South site to the Extell Development Company/Carlyle Group. All of the obligations in the 1992 Restrictive Declaration transfer to the current owners. The Restrictive Declaration mandated that 12% of the total number of approved units must be affordable.

The southern end of the site, 59-61 Street must be rezoned and undergo a new ULURP. It was omitted from the zoning of Riverside South in 1992. It was in the area that Donald Trump had slated for television studios. However, the Borough President of Queens was concerned that such development would have a negative impact on the Silvercup Studios in Queens and so that part of Riverside South remained unzoned.

According to the Senior Vice President of Extell, Donna Gargano,

Parcels L M & N were rezoned by the Planning Commission to C4-7, high density commercial/residential zoning and this underlying zoning was upheld by the City Council. The Restrictive Declaration approved by the Planning Commission limited Parcel N to studio use. The Council modified the Restrictive Declaration to prohibit any studio use on Parcel N and to further require that any other proposed use for this Parcel must go through a new ULURP.

240 Riverside Boulevard, (Parcel A) 71st and 72nd Streets, The Heritage, is 31 stories with 170 units, ranging from 1 to 6 bedrooms, and a 319-car garage. It is a luxury condominium building, and has its own management firm and board.

Block No: 1171
Lot No: 7503

220 Riverside Boulevard, (Parcel B) 70th and 71st Streets, is 49 stories with 441 units and a 298 car-garage. It has its own management firm and board, and contains luxury condominiums.

Block No: 1171
Lot No: 7502

200 Riverside Boulevard, (Parcel C) 69th and 70th Streets, is 46 stories with 377 units and a 280-car garage. It has its own management firm and board and contains luxury condominiums.

Block No: 1171
Lot No: 7501

180, 160, and 140 Riverside Boulevard (Parcels D, E, and F), Trump Place, were purchased by Extell Development Corp./Carlyle who then sold these parcels to Equity Residential, a REIT (real estate investment trust) based in Chicago for $816 million. Each parcel is occupied by one rental building. The owners have an agreement with Donald Trump to keep his name on these sites.

Block No: 1171
Lot No:

180 Riverside Boulevard, 68th and 69th Streets, is 40 stories with 516-units and a 210 car garage.

Block No: 1171
Lot No: 129

160 Riverside Boulevard, 67th and 68th Streets, is 33 stories with 360 units and a 107-car garage.

Block No: 1171
Lot No:132

140 Riverside Boulevard, 67th and 68th Streets, is 27 stories with 354 units and a 107-car garage.

Block No: 1171
Lot No: 133

Parcels H, I, J, K, L, M, and N were purchased by the Extell Development Company/Carlyle. Extell Development Company received a loan from the Meridian Capital Group under the condition that the project be called Hudson Yards, in place of Trump/Riverside South.

Block No: 1171
Lot No:

120 Riverside Boulevard, (Parcel G) 65th and 66th Streets, is 18 stories with 288 luxury condo units and a 130-car garage.

Block No: 1171
Lot No: 7504 (parcel G)

100 Riverside Boulevard, (Parcel H/The Avery) 64th and 65th Streets, The Avery, is in construction. It will be 31 stories with 345 luxury condominium units and a 49-car garage.

Block No: 1171
Lot No: 135 (parcel H)

80 Riverside Boulevard, 63rd and 64th Streets, (Parcel I) The Rushmore, is under construction. The building is expected to open in winter 2008. The building will have two 43-story towers rising from a 16-story base. It will have 289 units ranging from 717 to 3,072 square feet, and a 326-car garage. The contact is (202) 496-1400 or http://www.therushmoreriverside.com.

Block No: 1171
Lot No: 140 (parcel I)

Construction has not begun on Parcels J through N

60 Riverside Boulevard, (Parcel J-1) 62nd and 63rd Streets, is zoned for two buildings: 28 stories with 245 units and a 255-car garage and 38 stories with 409 units and a 225-car garage.

Block No: 1171
Lot No: Parcel J (145)

40 Riverside Boulevard, (Parcel K-1) 61st and 62nd Streets, is zoned for two buildings: 28 stories with 241 units and a 225-car garage, and 33 stories with 373 units and a 258-car garage.

Block No: 1171
Lot No: Parcel K (150)

20 Riverside Boulevard, (Parcel L) 60th and 61st Streets. Construction has not begun on this parcel.

Block No: 1171
Lot No: Parcel L (155)

10 Riverside Boulevard, (Parcel M) 59th and 60th Streets. The site is zoned for 18 stores with 175 units and a 150-car garage.

Block No: 1171
Lot No: Parcel M (155)

Parcel N does not yet have an assigned street address

The site, bounded by West 59th and 61st Streets, West End Avenue and Parcels L and M, is designated for 2,300,000 square feet of commercial development, assuming that 500,000 sq. ft. of excess development rights are added to it. The site must go through the City’s uniformed land use review procedure (ULURP) before any development can take place.

Block No: 1151
Lot No: 17 (parcel N)

33 West End Avenue. (Parcel O) (Which has its own entry, search for it under “33 West End Avenue”) For $10, Hudson Waterfront Associates sold the site to the Atlantic Development Group, which developed a building for senior citizens under the Inclusionary Housing Bonus Program. Metropolitan Council on Jewish Poverty manages the building.

West Side Highway Box (Between West 59 and West 72 Streets)

Location: Between West 59th and West 72nd Streets
Landmark status:
Summary of site plans and status

State and city officials have begun construction on a roadway box between West 59th and 72nd Streets that could replace the West Side Highway viaduct. Essentially, the highway would be routed through a box that would be constructed in the following manner. Between West 65th and West 67th Streets, the existing berm will be excavated to make room for a southbound tunnel, after which a park will be built on top. The northbound tunnel will be built in the future. Between West 61st and West 65th Streets, a concrete box will be built on the existing ground to create northbound and southbound roadways, then covered with land. Riverside Boulevard and the park will be built on top.

There are concerns about where the funding for the construction of the box is coming from. Additionally, the viaduct is young (less than 15 years old), so the box would not be necessary for another 10-15 years.

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UPDATE: 8/04/09

Community Board 7 has held two pre-certification sessions  on the Riverside South Development on February 7th, 2008 and October 28th, 2008.  Pre-certification at the City Planning Commission is scheduled for fall 2009.

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One Response to Riverside South (Trump)

  1. Hi I would like to know how can I get an application for an affordable housing unit at this building at 315 West 61 Street. I am a 69 years old, lower income senior criticizer. Is that possible?
    Here is my email shema10029@yahoo.com.
    Thank you

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