149-Unit Residential Development Planned For 122 Varick Street

<table> <tr><td> <a href="https://www.reddit.com/r/nyc/comments/1t2ylho/149unit_residential_development_planned_for_122/"> <img src="https://external-preview.redd.it/VKq7BCGaKDqFaWbt7Ez7CvWFiTqmgN3pNCJDUO7CfMg.jpeg?width=640&amp;crop=smart&amp;auto=webp&amp;s=c14c7720dd92d50e0a65327175c11b5f062e3e88" alt="149-Unit Residential Development Planned For 122 Varick Street" title="149-Unit Residential Development Planned For 122 Varick Street" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Plans have been announced for a <strong>149-unit residential tower</strong> at 122 Varick Street in <a href="https://newyorkyimby.com/neighborhoods/hudson-square">Hudson Square</a>, 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.</p> <p>The property’s rental units will be delivered under the <strong>485-x program</strong>, with roughly <strong>25 percent designated as permanently affordable housing.</strong> The project follows the firms’ previous collaboration on Anagram Turtle Bay, a 194-unit mixed-income development.</p> <p>The site is currently occupied by <strong>an open-air parking lot.</strong> </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Lisalovesreading"> /u/Lisalovesreading </a> <br/> <span><a href="https://newyorkyimby.com/2026/05/149-unit-residential-development-planned-for-122-varick-street-in-hudson-square-manhattan.html">[link]</a></span> <span><a href="https://www.reddit.com/r/nyc/comments/1t2ylho/149unit_residential_development_planned_for_122/">[comments]</a></span> </td></tr></table>