Two residential towers will be built on West 14th St., one with 60 upscale condominiums, the other with rental apartments. Twenty percent of the latter will be set aside for low income tenants.
The Y will maintain its services on 23rd Street until it moves to its new space, about 67,000 sf on two floors, the same as it had uptown on nine floors. The dozen or so residents that remain at the 23rd Street property will be allowed to continue living there.David Lebenstein, director of sales and leasing at Time Equities, and Arlene Wysong, senior managing director at Newmark & Co. Real Estate represented the Y in the 14th St. deal. They also brokered the sale of a Y building on West 24rd Street to Common Ground, a non-profit organization that assists the homeless and low-income populations.
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