Washington Square is currently home to 2 mid-rise condominium towers on a portion of the Superblock at 106th Ave. & 8th Street.
The initial vision when the block was being developed was that the project would house 5 residential towers and 2 to 3 office towers. The down turn in the economy has clearly influenced the plans for growth, or lackof in 2009.
Recently Washington Square announced new plans in which they will develop 3 additional phases of the project. The next phase (phase 2) is anticipated to consist of office and retail space, along with a hotel according to sources with the project.
The third phase will be dedicated to a continuing care retirement community, on the northeast corner, where the grass field currently resides.
Phase 1 – Residential Condo Tower 1 & Tower 2: COMPLETE
Phase 2 – Southwestern Corner: Currently in Negotiations
Phase 3 – Northeast Corner: Continuing Care Retirement Community
Phase 4 – TBD
Several months ago Washington Square exceeded 51% occupancy of their inventory, and within the next 3 weeks will end up closing on 11 new condo suites.
Additionally at the base of Tower 1 there are some empty retail locations. Washington Square is currently in discussions with 2 restaurants to fill one of the spaces.
