https://sherwoodequities.com/properties/450-tenth-avenue/
Sherwood is currently in the design phase of a 40-story residential condominium tower in Hudson Yards. We purchased this site in the early 1990s; once complete, the approximately 300,000 square foot address will boast over 200 residential units along with retail space and underground parking.
Don’t expect anything ambitious from Sherwood.
The design they floated for 360 Tenth when they controlled the site wasn’t bad. Kind of Girasole like.
Wanted something tall and skinny here.
The SHoP design for 360 Tenth is really nice, IDK if it will ever happen / be released publicly, but it was supertall (I believe about 1,100) and very interesting (albeit boxy overall form, very very nice flair if I recall correctly).
I think that McCort will build something very nice on that site in due time.
Where did you find the first one?
The second one is the Kuafu project on 11th.
They also own the Subway Inn site on the UES.
I suspect that Chairman Mao 2.0 has limited their ability to proceed.
The first render was an original proposal for the 360 10th Ave site between the Morgan Facility and 5 Manhattan West across from 10 Hudson Yards, The newer design for that site was much shorter by SHoP, but that site is in a limbo of sorts so it’s uncertain what the design will actually be anymore.
The second is the Kuafu site.
Correct, neither of the renders are options for this site. I don’t believe any renders exist still, only zoning/massing diagrams.
Sherwood Equities updated their website with this render sometime since September '23. Hopefully an indication of some progress here.
This one still doesn’t have any zoning documents issued upon inspection, so we cant expect anything until the point that those are issued.
Sherwood Equities, led by Jeffrey Katz, has listed the site at 460 10th Avenue, which spans almost the entire block between W35th and W36th Streets. On its website, Sherwood notes that it acquired the site in the early 1990s “in a distressed market while we anticipated the Hudson Yards redevelopment.”
Now, they’re asking more than $100 million.
Despite those ambitions, construction permits were never filed, and the project remained in the design phase. With the site now being marketed for sale, it’s clear Sherwood has shelved the in-house development plans in favor of finding a buyer to take over the site.
What makes this offering particularly striking is not just the scale of the site, but the way Sherwood has structured it. According to marketing materials reported by The Real Deal, Sherwood is bundling 60,000 square feet of inclusionary housing certificates, claiming this gives a future developer the ability to build the entire project as 100% market-rate — whether as rentals or condominiums.
it’s across the road from one of the few petrol stations left in Midtown
Rendering courtesy of Sherwood Equities
From the Crain’s article cited:
Jonathan Snider, president of the firm’s investment arm Sherwood Capital, is seeking a certification from the Department of City Planning to increase the size of the project by almost 70,000 square feet. He would do this by doubling the ratio of the building’s total floor area to its lot size — a critical and frequently debated metric within the real estate industry, known as the Floor Area Ratio (FAR) — from 6.5 to 13, according to an application filed Tuesday.
The exact size specifications for the proposed development, which would rise at 460 Tenth Ave., are unclear. Generally, it would span about 247,000 square feet in total, including 228,000 square feet of residential space and about 19,700 square feet of commercial space.
Plans from last year indicate a 42-story residential condo tower with ground-floor retail and 233 residential units is planned for the address, according to marketing materials from JLL, which was tapped in October to sell the site on behalf of Sherwood. However, it is unclear if it remains on the market. JLL and Sherwood did not respond to requests for comment by press time. Sherwood Equities purchased the site in the early 1990s.
Does that mean the height will stay the same, but the footprint will be bigger?
