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    Home»Real Estate News»NYC Picks David Schwartz’s Slate to Develop Inwood Site

    NYC Picks David Schwartz’s Slate to Develop Inwood Site

    Team_WorldEstateUSABy Team_WorldEstateUSADecember 11, 2025No Comments3 Mins Read
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    The town has tapped Slate Property Group, Xenolith Companions and nonprofit Comunilife to construct greater than 600 inexpensive housing models in northern Manhattan. 

    The staff submitted the winning bid to develop 4095 Ninth Avenue, a long-vacant, city-owned website alongside the Harlem River in Inwood, the Division of Housing Preservation and Growth introduced Wednesday. 

    The undertaking, dubbed La Ostra, is predicted to incorporate roughly 625 models, of which 224 might be for senior residents. The opposite 401 might be topic to HPD’s Extraordinarily Low & Low-Revenue Affordability program, which calls for many models to be inexpensive to these incomes, at most, 80 p.c of the world median revenue. The flats might be unfold throughout two buildings, with one rising 15 flooring and the opposite 25. 

    Unit counts and affordability ranges might be finalized when the undertaking secures financing and the property is transferred to the event staff.

    The undertaking may also embrace a marine science and STEM training heart (operated by the Billion Oyster Mission and BioBus) and an indoor-outdoor soccer discipline. 

    The plan is years within the making. The one-acre plot, which has sat vacant for the previous seven years, was as soon as house to a Metropolis Ice and Gas warehouse after which served as a car parking zone for Spectrum. The town initially solely owned the waterfront portion of the location, however reached a take care of Spectrum’s dad or mum Constitution Communications on the end of 2021 to accumulate the portion of the lot that has avenue entry. 

    The 2018 Inwood rezoning included plans to construct greater than 900 models of housing on city-owned websites, together with the Ninth Road property, the Inwood Library and NYCHA’s Dyckman Homes. A brand new library and 174 models of inexpensive housing opened in June 2024, however the metropolis nonetheless must work with NYCHA residents earlier than shifting ahead with a brand new constructing on the general public housing website. 

    The Ninth Road undertaking will embrace inexperienced applied sciences, together with photo voltaic panels, water generators, algae panels and a sand battery (which makes use of sand to store heat), based on architect Fernando Villa, of Magnusson Structure and Planning, which is designing the buildings.

    David Schwartz’s Slate not too long ago announced that it’s teaming up with Evenhar Growth to construct a medical workplace and group facility property at 1578 Lexington Avenue for Mount Sinai. The corporate has additionally agreed to construct 450 inexpensive housing models at a car parking zone at 54-19 one centesimal Road in Corona, as a part of Steve Cohen’s on line casino plan for Citi Area. That proposal is awaiting last approval from the state Gaming Fee. 

    The Ninth Road undertaking was a part of the Adams administration’s pledge to advance 24 inexpensive housing tasks in 2024 on city-owned websites. HPD released a request for proposals for the location in October of that 12 months. The successful bid’s unit depend is barely larger than the 570 flats estimated when the RFP was launched.  

    HPD Performing Commissioner Ahmed Tigani mentioned in an announcement that the undertaking underscores that his company is “targeted on constructing not simply models, however inexpensive properties and communities.”

    Learn extra

    The Daily Dirt: City advances housing at Inwood parking lot


    Eli Weiss and a rendering of 3875 9th Avenue

    Developers land $414M for Inwood project after waiting out rezoning fight


    Mayor Bill de Blasio (Getty; Google Maps)

    Inwood rezoning is a done deal






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