Gansevoort Square Project FAQs
General Project FAQs/Timeline
What is the timeline for the separate components of the project?
Construction can only start after all required land-use approvals are obtained through the Uniform Land Use Review Process (ULURP), which we anticipate being by the end of 2027. After ULURP, each element of the project will be on its own timeline.
How is the project being funded?
The residential building will be constructed without City subsidy. The Whitney and High Line will fundraise for their respective expansions.
Housing Site
Why does there need to be any market-rate housing at all? Can’t it be all affordable?
The housing program is structured using a cross-subsidy model, which leverages the value of the market rate component to generate affordable residential units without requiring HPD subsidy. HPD subsidies are severely constrained and often take many years to obtain. Using the cross-subsidy model for this project, where land value is high, means affordable housing subsidies can be preserved and more affordable housing can be built across the city.
How much of the housing will be affordable?
Fifty-five percent of the proposed units are proposed to be permanently affordable.
Meat-Market Co-Op
Why kick out the last meatpacker in the meatpacking district?
The Gansevoort Market Co-op elected to leave their site prior to the expiration of their lease and was not forced out. The Co-op has been involved in public engagement to date and will remain a part of the process going forward.
When is the Meat Market vacating?
The Meat Market surrendered the site to Department of Small Business Services (SBS) on September 2, 2025.
Contact Us
Learn more about the project.
Learn more about the planning process.