PARK WEST VILLAGE HISTORY
Park West Village (PWV) was created in the late l950s and early
l960s as part of a government-subsidized urban redevelopment plan.
PWV’s role was to provide affordable rental apartments with fresh
air, good light, and attractive landscaped grounds for middle-income
people. The government, under the l949 Federal Housing Act's Title I
(Slum Clearance and Urban Development), reimbursed the developer for
the cost of the land, the buildings to be demolished, and the
demolitions. The developer, Webb & Knapp, Inc., entered into a
redevelopment plan with the city that included a covenant not to
commence "change in the project" for 40 years without prior approval
of the City Board of Estimate and the City Planning Commission.
In the early 1960's PWV was bought by Alcoa. In l972 PWV was bought
by Harry Helmsley. In 2000 PWV was sold to Lawrence Gluck and Joseph
Chetrit.
There are seven buildings with about 2,500 apartments in PWV. Four
buildings are in the 97th to 100th street super-block between
Central Park West (CPW) and Columbus Avenue; they have a CPW
address. The other three buildings are in the 97th to 100th street
super-block between Columbus and Amsterdam avenues; they have a
Columbus Avenue address.
Until l987, all PWV apartments were rent-stabilized. In l987, the
buildings at 372 and 382 Central Park West were converted to
condominiums; the buildings at 392 and 400 CPW became condos in
1991. The first two conversions had been opposed in the state courts
by the PWVTA, the Board of Estimate, and the State Attorney General,
on the ground that condo conversion was an illegal change in land
use, but the courts ruled in favor of the landlord. The four condo
buildings still include rent-stabilized tenants who lived there
before condo conversion and chose not to buy their apartments, as
well as individual owners and tenants who rent at non-stabilized
rates from owners. The rent-stabilized apartments in the condo
buildings are still owned by the owners of the rest of Park West
Village, Lawrence Gluck and Joseph Chetrit. [to top]
PARK WEST NEIGHBORHOOD
HISTORY GROUP
Additional material on the history of Park West Village is included in the Neighborhood History Collection at the New York Public Library (Bloomingdale Branch), 160 West 100th Street. These materials were organized by the Park West Neighborhood History Group, and are available for reference in the Neighborhood History Research Drawer in the back of the Library.
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