Chelsea and the Meatpacking District aren’t the first neighborhoods to come to mind when talking about affordable housing. But a new 18-floor, 160-unit building at 425 West 18th Street may be your best bet to get in at below market-rate rents. Sited on a former parking lot belonging to the NYCHA's Fulton Houses complex, the mixed-income project was made possible by the Bloomberg administration who promised to deliver low- and middle-income apartments in conjunction with their sweeping 2005 rezoning of West Chelsea and Hudson Yards. In 2012, the city and Artimus Construction opened Elliott Chelsea, a 168-unit rental building on West 25th Street that offers permanently affordable housing and 30 units earmarked for NYCHA residents.
Now the Fulton Houses project has reached its final 172-foot height and a conventional façade of masonry and glass will soon enclose the frame. Artimus Construction is the developer here again and Gerner Kronick + Valcarcel Architects (GKV) are the designers. Amenities wil include a roof deck and bicycle parking. There will also be a 4,560-square-foot community facility and improvements will be made to the Fulton Houses existing basketball court and playground.
In this article:
Construction progress as of mid-November (CItyRealty)
An affordable housing lottery for apartments is expected to launch in the coming months. All the units will be permanently affordable and consist of 51 studios, 70 one-bedrooms, and 38 two-bedrooms. There will also be several affordability tiers for eligibility.
Google Earth aerial showing location of the building (CityRealty)
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