The Dylan

Location: Midtown South, New York

Capitalization: $100M

Size: 165,000 GSF

Units: 165

Status: Completed Summer 2013

Developer: Bentall Kennedy & Urban Development Partners

Website: www.dylannyc.com

 

Jesse Wark, during his tenure as VP of Development at Urban Development Partners, managed the design, development and construction of The Dylan, a 38-story luxury rental building with 10,000 square feet of retail space.  The project utilized both the Inclusionary Housing Program and 421a negotiable certificates to achieve a 20% increase in floor area and a 10-year real estate tax abatement.  Located at 309 5th Avenue, the completed development includes an attended lobby, rooftop lounge with full kitchen and outdoor terrace, fitness center, basketball court and sweeping views of the Manhattan skyline.  The Dylan was completed in Summer 2013.