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SL Green Tops Off at 185 Broadway
SL Green Realty Corp. has topped off construction at 185 Broadway, a 34-story, mixed-use building directly across the Fulton Transit Center in Lower Manhattan. Once completed, the property will be the area’s first development to be built under the Affordable New York Housing Program.
“SL Green has a long history of investing in Lower Manhattan and 185 Broadway enables us to bring essential affordable housing to the neighborhood through the Affordable New York Program,” said Edward V. Piccinich, COO at SL Green.
In addition to 209 rental apartments, the 260,000-square-foot building will consist of 17,000 square feet of retail space and 26,000 square feet of commercial space.
The development, which is coming in on time and under budget, was made possible in part through the use of unutilized air rights purchased by SL Green from the Metropolitan Transportation Authority (MTA), providing discretionary funding to the MTA.
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