The Aston (Now The Archstone-Chelsea)
800 Sixth Avenue, Chelsea, Manhattan
- 266-unit rental apartment building with 12,000 sf of ground floor retail and parking below grade.
- Completed 2004, construction took 12 months form groundbreaking to 1st TCO.
- 38 stories, 287,000 gross sf.
- Was among the first projects in New York City to gain a zoning bonus by utilizing the Inclusionary Housing Program, generating a zoning bonus in exchange for incorporating a middle-income component. Was also a 80/20 development, which took advantage of favorable financing through the NY State bond program and tax credits, in exchange for a seperate middle-income component.