Related Companies and Spitzer Enterprises plan to construct a 1.4 million-square-foot development on two adjacent properties they own between West 35th and 36th streets from 10th Avenue to Hudson Boulevard East, The Real Deal reported.
The project reportedly includes a tower with about 341,000 square feet of residential space and approximately 75,000 square feet of office and retail space that would rise near 10th Avenue.
The second tower — a 950,000-square-foot office building — would sit next to Hudson Boulevard Park, The Real Deal reported.
Related Companies bought the property at 517 W. 35th St. for an undisclosed sum in 2013, while Spitzer Enterprises owns the adjacent site at 511 W. 35th St., property records show.
The developers reportedly hope to build the project in two phases, but will need the city’s approval to carry out their plans.
Current zoning will only allow them to build up to 100,000-square-feet of their planned residential space during the first phase of the project, The Real Deal added.
Representatives for the two developers didn’t immediately respond to requests for comment Thursday.