The community board will discuss plans for more than 200 affordable housing units in the Upper West Side’s Riverside Center development at a meeting Wednesday night. Riverside Center is a five-tower development located along the Hudson River between 59th and 61st Street. The development has received various government benefits, including tax-exempt bonds and low-income housing tax credits. They are also seeking 421-A tax exemptions (though that program is currently halted because it expired without being renewed by the state).
The developer listed as a contact on the three applications is with a firm called GID Development Group, an international developer. The three buildings being discussed have not yet been constructed.
The meeting is on Wednesday, August 17 at 7 p.m. at 250 West 87th Street, just off Broadway.
Documents submitted with the proposals indicate that the new buildings will be 33, 36 and 37 stories and have rental units on the lower portions of the buildings with condos at the top. Market-rate and affordable rentals will be mixed together in the building, unlike 40 Riverside Boulevard next door, where lower-income tenants have a separate entrance. Tenants in the affordable units will also have access to amenities for a fee.
See the applications below. The lotteries for these apartments are not yet open, but we will notify you when they are.
We have info about the latest Upper West Side affordable housing lottery here.