# Hell's Kitchen Office to 160 Units

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/hell-s-kitchen-office-to-160-units
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/hell-s-kitchen-office-to-160-units.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-06-24T16:36:21+00:00
Episode link: https://api.fastcast.ai/audio/6d0b4730-dd6c-4795-b1ef-e90b19406fd5.mp3
Audio file: https://api.fastcast.ai/audio/6d0b4730-dd6c-4795-b1ef-e90b19406fd5.mp3
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Duration seconds: 94

## Resource

Hershy Silberstein just landed $102 million to turn Hell’s Kitchen’s iconic Press Building into 160 luxury apartments and 40K sq ft of commercial space — a bold move that could reshape the neighborhood. Originally slated for David Werner, the deal fell through, opening the door for Silberstein to step in with S3 Capital as the first-ever lender for this type of conversion. The project will leverage the 467-m tax abatement, reserving 25% of units for low-income residents — and it’s all happening right where WeWork once stood, after a high-profile exit and dropped lawsuit. Meanwhile, Silberstein’s team is also eyeing Gowanus with an 11-story mixed-use tower, fueling Brooklyn’s post-rezoning boom. And S3 Capital? They’re not stopping there — just last month, they poured $350 million into a massive Florida mixed-use district, proving their appetite for big, bold developments is only growing. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/65c75e9be7fea879

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