Renderings of 304 west 49th Street

Rendering courtesy of DR Architecture ⁣& Design.

Nestled in the heart ‌of Manhattan, 304 ⁤West 49th Street is poised to become a standout‍ residential development in the bustling Theater District. The project will ⁤feature a mix of⁣ one-bedroom and two-bedroom apartments, strategically distributed across ‍its 20-story structure. Floors two through ‍14 will house four one-bedroom units each, while floors 15 to 20 will accommodate ⁤two⁢ one-bedroom apartments per floor, culminating in ⁤a⁤ single two-bedroom unit on the top floor.

The site,acquired by the developer for $14 million in 2013,has undergone important scrutiny. A recent inspection in late 2023 flagged‌ the existing parking garage ⁢as unsafe, raising‍ concerns about the property’s structural integrity. ​This revelation has ⁣added urgency to the redevelopment plans.

Location is undeniably one of the project’s strongest selling points. Situated just a stone’s throw ⁢from the 50th Street subway station, residents will enjoy seamless access ‍to the C and E ⁢train lines, making commuting‌ a⁢ breeze. The area’s vibrant atmosphere, coupled with its proximity to iconic landmarks, restaurants, and entertainment venues, further enhances⁤ its appeal.

As of now,the ⁢construction timeline remains in flux.The project’s fate hinges on the outcome ⁤of a zoning text amendment review conducted by Manhattan Community board 4, the new York City Department of City Planning, and the City Council. Depending on the results, groundbreaking could ⁤commence as early as next year or be delayed until 2027.

This ambitious development is ⁤set to redefine urban living in one of New York City’s most dynamic ‌neighborhoods. Stay⁣ tuned for updates as the project progresses through its regulatory hurdles and closer ⁢to‌ realization.