HDSN To Be the First Housing Development in New York City To Exceed 12 Floor Area Ratio in Over 60 Years 

$1.35 Billion Mixed-Use Project To Be Developed by Minority-Owned Business Partnership ‘Hudson Boulevard Collective’ Following Competitive Selection 

Proposed Development Will Also Feature Permanent Home of Nonprofit Climate Museum and Hotel To Support New York’s Busiest Convention Center at Javits 

See Renderings Here

Governor Kathy Hochul today announced the selection of the Hudson Boulevard Collective — a partnership of BRP Companies, BXP, The Moinian Group and Urbane Development, with minority-owned businesses representing 31 percent of the development team — as the conditionally designated entity to create a transformative $1.35 billion mixed-use project at 418 Eleventh Avenue in Manhattan, also known as "Site K" of the Jacob K Javits Convention Center. This development represents the first project in New York City to be permitted to build to a residential Floor Area Ratio above 12.0, a zoning reform that allows more homes to be built made possible by Governor Hochul's housing reforms enacted in the FY 2025 Budget. Following an exhaustive competitive procurement process, the proposed development HDSN, pronounced "Hudson", would create 1,349 residential units, including 404 permanently affordable homes, across from the Jacob K. Javits Convention Center. The ongoing construction plan is phased to prioritize the residential component and expedite the delivery of much-needed housing. This project marks a significant step forward in increasing the supply of housing to address New York's housing crisis while creating a vibrant new destination on Manhattan's Far West Side. 

"This transformative development embodies our vision for New York's future — creating affordable homes, advancing our climate goals and generating economic opportunity for all New Yorkers. By utilizing the new residential density provisions we secured in last year's budget, HDSN demonstrates how smart policy changes can unlock substantial affordable housing developments," Governor Hochul said. "This project is an example of how thoughtful development can tackle our housing crisis while building vibrant, inclusive communities. New York is once again leading the way in showing what is possible when we think boldly about our cities' future." 

Empire State Development President, CEO and Commissioner Hope Knight said, "The development of Site K represents a pivotal moment in the evolution of Manhattan's Far West Side. This proposed project will deliver vital affordable housing and catalyze economic growth through a dynamic mix of residential, cultural, and hospitality uses. Through this innovative public-private partnership with the Hudson Boulevard Collective, we are advancing sustainable, community-focused development that will strengthen New York's future and demonstrate what's possible when government and industry work together to serve our communities." 

Read the full press release here.