A new ground-up condo building, comprising 128 units, is poised to emerge in the transitioning manufacturing district north of the Hudson Yards and Manhattan West master plans. Positioned on a mid-block site at 430-434 West 37th Street and 429 West 36th Street, the 11-story project is spearheaded by the Great Neck-based developer ZD Jasper Realty, led by Om Zhidong Wu. According to a story published by Crain's in February 2023, ZD Jasper secured the through-block site through a $52 million deal with Gary Barnett's Extell Development in March 2022.
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Approved building permits indicate the project will comprise 128 residences and 10,000 square feet of commercial space. The architectural design, led by Archimaera, showcases a contemporary aesthetic with full-height windows arranged in an offset pattern, metal spandrels, and a series of setbacks offering multiple outdoor terrace opportunities.
The project site overlooks a Dyer Avenue road cut leading to the Lincoln Tunnel and is within walking distance to Related-Oxford's Hudson Yards, Manhattan West, the Garment District, and Penn Station. The new building will replace two low-rise structures and a vacant lot. While permits were filed in 2022 to demolish the existing structures, the dismantling process has yet to commence per a recent site visit.
The site of 430 West 37th Street in November 2023
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ZD Jasper has also initiated construction on two additional residential buildings just half a block away at 489 and 501 Ninth Avenue. Also designed by Archimaera, these 12-story structures will adhere to Passive House principles and collectively introduce 122 condominium residences to the market.
Hudson Yards' two condo towers, 15 HY and 35 HY, have collectively sold over 80% of their units. Another nearby boutique project, The Westerley, opened in 2022, selling seven of its nine condos at an average of $1,406 per square foot. Directly adjacent to ZD Jasper's site is the pre-war condo known as The Glass Farmhouse. Originally built in 1914 as a school building, it was converted into spacious loft apartments in 1982.
The immediate area north of Hudson Yards has witnessed limited condo development. Historically an industrial zone with warehouses and transportation infrastructure, these blocks were considered less suitable for residential living due to the absence of amenities such as grocery stores, parks, and subway service. Recent changes include the ongoing progress of Related-Oxford's Hudson Yards master plan, the opening of the 7 subway extension in 2015, and the introduction of new parks such as the High Line and Bella Abzug Park. The Hell's Kitchen area to the north has also shed much of its gritty reputation, marked by streetwalkers and crime.
Local Listings
The Westerley, #3 (Brown Harris Stevens Residential Sales LLC)
35 Hudson Yards, #7103 (Corcoran Group)
Fifteen Hudson Yards, #24C (Compass)
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