Taconic files plans for 470-unit high-rise in Inwood
Taconic Partners, on October 21, filed a permit application for construction of a 470-unit, 575,721-square-foot mixed-use building at 407 West 206th Street in Inwood, Manhattan. Colleen Wenke, president and chief operating officer, at Taconic, filed the plans.
The plans call for the construction of the most residential units in Inwood since the start of 2019.
The proposed structure will be a 140-foot-tall, 14-story building and the plans were filed with the New York City Department of Buildings under job number M00599495. The development site spans two tax lots.
The project is described in the filing as: affordable high-rise new building.
Per the plans, the ground floor of the building will have business and retail space. The second floor will have a fitness room, recreation space, terraces, and 24 dwelling units. The third floor will have 37 dwelling units, floors four through seven will each have 50 dwelling units per floor, the eighth floor will have 49 dwelling units, floors nine and 10 will each have 38 dwelling units, floors 11 and 12 will each have 29 dwelling units, and floors 13 and 14 will each have 13 dwelling units. The cellar will have a parking garage.
The architect listed is Beyer Blinder Belle LLP.
In August, the developer filed a permit application for the demolition of a 34,000-square-foot retail building at the site.
Taconic as tenant signed a ground lease amendment for the 60,000-square-foot lot in late 2018, valued at $24.5 million, with the property landlord Arnold Gumowitz. The 99-year lease was originally signed in 2013 between the grocer Atlantic & Pacific Tea Company and the landlord, but A&P filed for bankruptcy.
The Real Deal reported in early 2016 that Taconic initially obtained a stake in the property in late 2015, when it acquired a lease valued at $341,355 in a partnership with Cogswell-Lee Development Group stemming from the Atlantic & Pacific Tea Company’s bankruptcy. At that time the developers planned to construct a retail hub at the site. Per the report, the site’s 46,000-square-foot parking lot has the potential for a 240,000-square-foot residential development.
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