9. Clinton Urban Renewal Area, Hell’s Kitchen
Image via Taconic Investment Partners
In 2014-2015, a large lot on West 53rd Street between 10th and 11th Avenue was sold to Clinton Housing Development Corporation, a non-profit, for $1. The plot of land, as The Commercial Observer reported at the time, had a value of $110.6 million. The corporation would build 103 units of affordable housing, and sell part of the parcel to Taconic Investment Partners who would include 81 affordable units in a new building on 52nd Street. Like Essex Crossing, renewal efforts here began in the late 1960s but only in recent years has there been much traction to build on the cleared out land.