The joint venture plans 149 condominium apartments fronting both 46th and 47th streets between 10th and 11th avenues in the Clinton District. The site was previously an open-aired parking lot. The complex, which is slated to open in the late summer, will sit on a newly constructed $5-million concrete platform that will serve as a foundation system and mitigate sound from the rail lines. A spokesperson for the developers tell GlobeSt.com that while building over the rail lines costs slightly more, it is not a substantial amount and that SDS/Procida was attracted to the area because the neighborhood is mostly rental and there is a market demand for condos. Price points have not been established yet because there is no offering plan at this time.
Designed by Larsen Shein Ginsberg Snyder Architects LLP, Clinton West will contain two, six-story buildings with an additional penthouse floor, all within the 65-foot height limit required by the Special Clinton District zoning regulations. The Mews arrangement of the structures will be merged with a glass-faceted greenhouse designed by TEK Architects PC that will overlook a court area.
"Developing these very special homes above the rail lines required both patience and attention to detail during the approval, design and construction process," says Mario Procida, president/CEO of Procida, which serves as the project's general contractor. Construction financing has been provided by HSBC Bank USA. SDS/Procida, through their various entities, is currently involved in the development of more than $500 million of residential property in the metropolitan area.
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