Originally started by Iliad Developers in 2012 when the original four story building occupying this site was demolished, construction at 509 West 38th Street finally began in earnest earlier this year when permits for excavation work were approved (and now wake up this Hudson Yardie at exactly 7am everyday).
Imperial Companies took over this Hudson Yards project as the new developers under deal terms that were not disclosed. Neither Imperial Companies nor Iliad Developers could be reached for comment by deadline.
The building has been approved for 30 stories with 225 residential units, 29,661 square feet of community space, and 13,636 square feet of commercial for a total of 220,879 square-feet of mixed-use. As part of the application to Community Board 4, affordable housing for 46 units was also promised.
Although Curbed also reported that the Fencers Club was selected for 20,000 square feet of community space, we did not receive any response from Fencers Club when we reached out to them for comment seeking an update.
509 West 38th Street will be situated just west of the intersection of Tenth Avenue and 38th Street next door to the DHL building (which also houses Gotham Mini Storage), adjacent to the new Hudson Boulevard (if it ever materializes), which is also depicted in the rendering.
Brooklyn based IBK Construction group is also involved with the project.
Three stories built – taken October 29, 2015
Four stories built – taken Saturday November 14, 2015