Levine Builders, the general contracting affiliate of Douglaston Development announced the topping out at Rialto West, an 8-story, 140,000-square-foot, 158-unit 100% affordable multifamily development for low- and moderate- income residents located at 509 West 48th Street in Manhattan’s Hell’s Kitchen. Once complete, Clinton Management, the property management arm of The Douglaston Companies, will lead all management operations.
“Today’s topping out marks an exciting milestone in our shared vision to create an affordable, vibrant and inclusive community within Manhattan’s west side,” said Jeffrey Levine, Founder and Chairman of The Douglaston Companies. “This project is a testament to the strength of community partnership and the vital resources that can be unlocked through that collaboration, which in this instance is the delivery of vitally needed long-term affordable housing and cultural resources.”
“As we celebrate this milestone of the construction lifecycle, we reflect on how proud we are to play an integral role in bringing a much-needed affordable housing offering to the Hell’s Kitchen community,” said Paul Finamore, CEO of Levine Builders. “This is an incredibly intricate and complex project, and we look forward to continued collaboration with all partners as we advance Rialto West to final completion.”
Upon completion, Rialto West will deliver 158 permanently affordable housing units, a mix of studio, one-, two-, and three-bedroom units that will be available to low- to middle-income households earning up to 140% of the area median income (AMI). Fifteen percent of the units will be dedicated to serving formerly homeless households.
In addition to the residential apartments, shared resident amenity spaces will include a fitness center, laundry room and bicycle storage area. The building’s ground floor will include approximately 5,500 square feet of cultural space as well as a public restroom facing an approximately 25,000 square foot public plaza that will be built at 705 Tenth Avenue. The cultural space will be occupied by Indie Space, an organization that is committed to providing transparent, responsive and equity-focused funding, real estate programs, professional development and advocacy to individual artists, theater companies and indie venues. At Rialto West, Indie Space will operate rehearsal and co-working spaces geared towards area artists, a resource often out of reach for many due to limited space and rental costs. The public open space will be operated by the NYC Department of Parks and Recreation for public use and is to be named after Lorraine Hansberry, the famed playwright and author of “A Raisin in the Sun.”
Rialto West delivers on the promise for affordable housing at the site made fifteen years ago in the Western Railyards Rezoning Points of Agreement. The NYC Department of Housing Preservation and Development (HPD) issued a public Request for Proposals to develop two Hell’s Kitchen sites in 2018, Douglaston Development and Actors Fund Housing Development Corporation was awarded the Rialto West site in February 2019. The development completed ULURP in October 2022.
Rialto West is slated for final completion in Q4 of 2026.
About Levine Builders
Levine Builders is a New York City-based general contracting and construction management firm at the forefront of affordable housing, market-rate rentals and condominiums, senior living, as well as mixed-income, mixed-use, hospitality and commercial projects. For over 40 years, Levine Builders has worked in tandem with its affiliates, Douglaston Development and Clinton Management, to complete over $2 billion in construction management and contracting services, 12.5 million square feet of construction and 7,000 units of hospitality, market-rate and affordable housing units.
For more information, please visit: www.levinebuilders.com.
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