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550 Tenth Avenue

550 Tenth Avenue, New York City.
Rendering courtesy of ATCHAIN

​550 Tenth Avenue

550 Tenth Avenue will be a new 47-story residential skyscraper developed by the Gotham Organization and Goldman Sachs Asset Management IV.

Located in Hell’s Kitchen, 550 Tenth Avenue will create 453 rental units, 137 of which will be set aside for moderate- and middle-income residents. The development will also include 9,000 square feet of commercial retail space and 26,764 square feet of office space for the non-profit organization Covenant House.

Over 20,000 square feet of space will be allocated for resident social, leisure, and health and fitness use, including a second upper-level lounge with an adjacent outdoor sky deck.

Construction was financed with a $212 million construction loan from Wells Fargo and US Bank, and $35 million in mezzanine financing from Lionheart Strategic Management.

Developers: Gotham Organization and Goldman Sachs Asset Management IV
Architect: Handel Architects
Contractor: Monadnock Construction
Number of Units: 453
Financing: Wells Fargo, N.A./US Bank/Lionheart Strategic Management