The $179 Million Transformation: 5 Things You Didn't Know About 570 Washington Street, NYC’s New Affordable Senior Tower
The landscape of Manhattan's West Village is undergoing a dramatic, community-focused shift, and 570 Washington Street stands at the epicenter of this change. As of late 2025, this address is no longer just a vacant lot or a footnote in a massive luxury development plan; it is rapidly nearing completion as a 17-story, 100% affordable senior residential building. This new structure represents a significant, long-awaited victory for affordable housing advocates, bringing 176 crucial units to one of New York City’s most expensive neighborhoods and setting a new standard for sustainable, mission-driven development.
The latest news confirms that construction is progressing quickly on the COOKFOX-designed tower, with the affordable housing lottery having recently launched to select the first residents. The building’s existence is a direct result of a public-private partnership, a commitment to equity, and a strategic move to balance the influx of commercial giants like Google into the adjacent Hudson Square area with much-needed community resources.
The New Face of 570 Washington Street: A Vital Senior Residence
The development at 570 Washington Street is a landmark project for New York City, specifically designed to address the critical need for affordable housing for its aging population. The 17-story structure, located on the border of the West Village and Hudson Square, is not a mixed-income building; it is fully dedicated to low-income seniors.
This residential tower will provide 176 units of affordable housing, specifically for seniors aged 62 and older who meet certain income restrictions. The units are being delivered as part of the larger development of the former St. John’s Terminal site, a massive undertaking that has redefined the entire waterfront block.
Key Project Details and Entities
- Location: 570 Washington Street, New York, NY 10014 (Spanning the block between Clarkson Street and Houston Street).
- Building Type: 17-story, 180,000 square foot residential tower.
- Unit Count: 176 units (100% affordable senior housing).
- Target Residents: Seniors (62+) earning 50% or less of the Area Median Income (AMI).
- Developers: Jonathan Rose Companies and Atlas Capital Group.
- Design Architect: COOKFOX Architects.
- Architect of Record: SLCE Architects.
- Financing: Over $80 million from the NYC Department of Housing Preservation and Development (HPD).
- Status: Construction nearing completion; Affordable Housing Lottery recently launched via NYC Housing Connect.
The dedication to 100% affordability in a prime Manhattan location like the West Village is highly unusual and makes this project a significant win for the community. It stands as the first affordable development in the West Village in over two decades, emphasizing the city's commitment to creating equitable housing opportunities even in the most exclusive neighborhoods.
A Nexus of Development: 570 Washington's Place in the Google Corridor
To understand the significance of 570 Washington Street, one must look at its immediate neighbors. The building is a crucial component of the sprawling redevelopment of the former St. John’s Terminal, a massive freight structure that once dominated the area. This redevelopment is now famously known as the "Google Corridor."
Directly across the street, at 550 Washington Street, is the newly converted St. John’s Terminal building, which serves as the centerpiece of Google's expansive new New York City headquarters. This project, overseen by Oxford Properties, has brought thousands of tech workers and a monumental commercial presence to the area, driving up property values and transforming the Hudson Square neighborhood from an industrial zone into a high-tech hub.
The inclusion of 570 Washington Street as a fully affordable senior residence was a necessary and strategic concession to the local community during the negotiation and approval process for the massive St. John's Terminal development. It ensures that the neighborhood’s growth is not solely focused on luxury condos and commercial interests but also includes housing for long-time New Yorkers and those most vulnerable to displacement. The two towers—the Google headquarters and the senior residence—stand as a stark, yet intentional, contrast in the rapidly evolving Manhattan waterfront.
Sustainable Design and Wellness: Building for the Future
Beyond its social mission, the 570 Washington Street residence is also a showcase for cutting-edge sustainable architecture and design, a hallmark of COOKFOX Architects’ portfolio. The design is deeply rooted in biophilic principles, aiming to connect residents with nature to promote health and well-being—a particularly important consideration for senior housing.
The building’s façade, materials, and rhythm were specifically chosen to integrate seamlessly with the adjacent, more luxurious condominium tower that is part of the same master plan, ensuring that affordable housing does not mean sacrificing design quality or neighborhood aesthetics. This commitment to parity is critical in challenging the stigma often associated with public housing.
Key Sustainability and Amenity Features
- LEED Gold Certification: The building is designed to achieve the highly coveted LEED Gold certification, signifying superior performance in energy efficiency, water savings, and environmental impact.
- NYC Green Compliance: It meets New York City’s rigorous Zone Green requirements and is compliant with Local Law 97 energy efficiency standards, demonstrating a commitment to reducing carbon emissions.
- Health and Wellness Focus: The design incorporates numerous biophilic elements to enhance the residents' quality of life.
- On-Site Amenities: Comprehensive residential amenities include a community room with a warming kitchen, a shared laundry room, and dedicated health and wellness spaces.
- Outdoor Access: The design emphasizes access to outdoor space, providing residents with opportunities for fresh air and social interaction.
The developers, Jonathan Rose Companies, are known for their commitment to environmentally and socially conscious development, making them the ideal partners for this mission. The project’s $179 million cost reflects the high-quality construction and the integration of these sustainable features, ensuring the building will be a healthy and efficient home for its residents for decades to come.
Applying for a Unit: The Affordable Housing Lottery
The most immediate and relevant update regarding 570 Washington Street is the launch of its affordable housing lottery. This process is the only way for eligible seniors to secure one of the 176 rent-stabilized units. The high demand for affordable housing in Manhattan, particularly in a neighborhood like the West Village, means the competition for these units is fierce, underscoring the vital nature of the project.
The lottery is managed through NYC Housing Connect, the city's official portal for affordable rental and homeownership opportunities. Eligible applicants must be 62 years of age or older, meet specific income requirements (typically between 30% and 50% of the Area Median Income), and adhere to household size restrictions. The lottery ensures a fair and transparent process for allocating these highly valuable units.
The successful completion and opening of 570 Washington Street will mark a monumental achievement, not just in housing but in urban planning. It is a testament to the possibility of integrating essential community resources into the heart of a rapidly gentrifying area, ensuring that the West Village and Hudson Square remain neighborhoods for all New Yorkers, regardless of income.
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