149-Unit Residential Development Planned For 122 Varick Street In Hudson Square, Manhattan

Plans have been announced for a 149-unit residential tower at 122 Varick Street in Hudson Square, Manhattan. Developed by a newly formed joint venture between Global Holdings and MAG Partners, the structure will span approximately 192,000 square feet. The project will also include more than 5,000 square feet of ground-floor retail space. The property will utilize a long-term ground lease with Trinity Church NYC and is located at the southeast corner of Varick and Dominick Streets.

The property’s rental units will be delivered under the 485-x program, with roughly 25 percent designated as permanently affordable housing. The project follows the firms’ previous collaboration on Anagram Turtle Bay, a 194-unit mixed-income development.

The site is currently occupied by an open-air parking lot.

Transit nearby 122 Varick Street includes the 1 train at Houston Street, the C and E trains at Spring Street, and the A, C, and E trains at Canal Street.

“Trinity Church has been an exceptional partner, and we are deeply appreciative of the trust they have placed in us,” said MaryAnne Gilmartin, founder of MAG Partners. “Together, we are aligned in our commitment to delivering a best-in-class building that reflects the energy and evolution of Hudson Square.”

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