Roosevelt Island Southtown Riverwalk Building 7 Begins Construction - 266 Unit Market Rate Rental, Here's What It Will Look Like
The Hudson Related Companies have started construction on their seventh Riverwalk Southtown Roosevelt Island building.
It will be the first of three buildings planned for the Queens side of Southtown completing the 9 building Roosevelt Island Riverwalk project.
Image of Riverwalk Building 1-6 and future site of 7-9 from Wall Street Journal
According to the Roosevelt Island Operating Corp (RIOC):
Please be advised that starting November 1, site work and foundation preparation work will commence at the Southtown Building 7 location. Excavation work has already begun on the sewer force main at the site. Expect construction vehicles in the area.When completed, Riverwalk Building 7 is expected to look like the rendering below.
Roosevelt Island Operating Corp Advisories Group
According to the Hudson Companies, the Riverwalk Building 7 at 480 Main Street will be a 266 unit market rate rental with a total of 215,000 square feet. Anticipated construction completion is in 2015.
Landscape designers Future Green Studio describe Roosevelt Island's newest luxury rental as follows:
This project includes an entrance garden, ground floor rear terrace garden, walking paths to the esplanade, shaded destinations near the waterfront, open lawn areas and meadows, and shaded forest areas with large deciduous trees and structural evergreens.
An entrance garden includes a driveway with a passenger drop off and turnaround. Mid-sized specimen flowering trees will provide a showy front to the building and help to soften the transition from the street to the building edge. A distinctive paving pattern of concrete pavers and attractive bollards will address the ground plane. Large landscape beds may anchor the base and corners of the building and be planted with large swathes of low-lying perennials and grasses.
The roof garden will be designed to include dining areas, grill stations, open areas for sunbathing and shaded areas for comfortable lounging. Rooftop garden elements may include concrete pavers, wood deck areas, a pergola, an outdoor kitchen, wood planters, and plantings. The plantings may be low maintenance evergreen shrubs, perennials, grasses and a few specimen trees. A south facing green wall adjacent to mechanical areas creates an impactful moment for the roof garden while buffering the noise created by the mechanical units.
Riverwalk 7 Entrance Rendering From Future Green Studio
Riverwalk 7 Garden Rendering From Future Green Studio
Riverwalk 7 Rooftop Rendering From Future Green Studio
Hudson Related will be paying RIOC for Riverwalk building 7:
... 1. Ground Rent:More on the development agreement for Riverwalk Building 7 between Hudson/Related and RIOC from previous post and additional building renderings here.
- Prepaid Ground Rent ($50/SF@ 201,600SF) - $10,080,000
- Starting Annual Ground Rent w/ 3% escalation - $765,760.00...
... 4. Public Safety Fees: $20/unit/month w/ 4% escalation (est. 200 units)
- starting annual public safety fee - $48,000.00...