The Hudson Companies, in partnership with Housing Works and with support from the New York City Department of Housing Preservation and the Metropolitan Transportation Authority, provides $119 million in financing for The Lirio, a new mixed-use development located at 364 West 54th Street. The procurement package has been finalized. At Hell's Kitchen in Manhattan. The project aims to transform the parking lot into real estate that will provide affordable housing, MTA office space, and retail space.
When construction is complete in 2026, The Lirio will create 112 units of affordable housing, 67 of which will be designated as supportive housing for formerly homeless people, including long-term survivors of HIV/AIDS. Ru. Additionally, the facility will provide office space for the MTA and ground floor retail space along his 9th Avenue. The project plan was designed by CetraRuddy.
Rendering Lirio with CetraRuddy
Funding for Lirio comes from a variety of sources, including city funds, Webster Bank, Merchants Capital, and Red Stone Equity Partners, and is provided by City Councilman Eric Bottcher and Borough President Mark Levine is also donating.
“Lirio is named after the Liriodendron tree, New York City’s oldest living organism and a testament to not only surviving but thriving in the face of life’s challenges,” said Housing Sr. said Andrew Comey, Vice President and Executive Director of Bailey. House. “As record numbers of New Yorkers face the never-ending challenges of homelessness and high rent burdens, Housing Works is committed to providing support to families and individuals in the heart of New York City. We are excited to be part of the development of a brand new building that will provide services to people, including long-term survivors of HIV, in safe, beautiful, affordable and amenity-rich homes. We believe that The Lirio serves as a model for what can be achieved when housing developers, city governments, agencies and communities like Hell's Kitchen work together to provide solutions to these challenges. I hope so. ”
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