Empire State Development Corporation
07/15/2026 | Press release | Archived content
Governor Hochul Unveils Winning Proposal to Transform Underutilized Hell's Kitchen Site Near Intrepid Museum into Vibrant Mixed-Use Development With More Than 1,100 New Homes
Project Expected To Deliver Up to 338 Affordable Residential Units, Including Affordable Homeownership Opportunities
Proposal Expands the Intrepid Museum Campus with a New Visitor's Center, STEM Education Hub and Public Park
Continues Governor Hochul's Bold Vision To Address New York State's Housing Crisis - Including Her Executive Order 30 Directing State Agencies to Identify Opportunities to Build Housing on State Sites
Governor Kathy Hochul today unveiled the selected proposal to redevelop 621 West 45th Street, a State-owned parcel in the Hell's Kitchen neighborhood of Manhattan currently used as the surface parking lot for the Intrepid Museum. The proposal - from a development team led by The Gotham Organization, Fisher Brothers, and MURAL Real Estate Group - would transform one of the largest undeveloped parcels on Manhattan's far West Side into 1,127 new homes, expand the Intrepid Museum's public campus and strengthens the neighborhood's existing waterfront assets with new publicly accessible open space.
"The far West Side of Manhattan has a storied history as a vibrant, inclusive community, and this proposal will carry that legacy forward by building for a more affordable future," Governor Hochul said. "By transforming a State-owned parking lot into more than 1,100 new homes - with hundreds of permanently affordable units and homeownership opportunities - we are taking direct aim at the housing shortage while strengthening one of New York's great cultural institutions. This is what's possible when we put State land to work for the people of New York."
Empire State Development President, CEO and Commissioner Hope Knight said, "The proposal shows what's possible when we reimagine an underused State asset to meet New Yorkers' most pressing needs. This proposal delivers affordable housing at the scale the moment demands, creates good-paying jobs, expands a beloved cultural institution and builds on the neighborhood's existing waterfront assets by introducing new publicly accessible open space. Empire State Development looks forward to working with the development team and state and local partners to advance a project that honors the legacy of the Intrepid and strengthens the future of Hell's Kitchen."
Empire State Development Corporation published this content on July 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 21, 2026 at 17:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]