VDX 351 W 37

About the offering

Westvue Manhattan is a Regulation Crowdfunding (Reg CF) real estate offering listed on the Small Change funding portal (NSSC Funding Portal, LLC). The project involves the ground-up development of a 24-story, 135,500 gross square foot residential condominium tower located at 349 & 353 West 37th Street in the Hudson Yards East neighborhood of Manhattan, New York City. The building is planned to include 115 residential condominium units and one retail condominium unit. The offering entity is VDX 351 W37 OWNER LLC, managed by Shahn Christian Andersen, who brings approximately 30 years of experience in construction, architectural design, and BIM (Building Information Modeling). Andersen is an alumnus of the School of Visual Arts in Manhattan, previously founded two venture-backed technology companies, and has overseen more than $500 million in real estate projects throughout his career. A key differentiator of this project is its planned use of robotics and advanced construction technology. The developer intends to engage ten or more institutional, venture-capital-backed robotics companies to participate in construction, positioning the project as potentially the most robot-built high-rise building in the world to date. Additional technology tools include BIM modeling, Digital Twins, and AI-assisted planning for construction optimization and acceleration. The project's financial structure targets total acquisition and development costs of approximately $132.62 million, financed through a $82.35 million senior loan, $23.27 million in PACE mezzanine financing, $10 million in sponsor equity, and approximately $17 million in investor equity (a portion of which is being raised through this Reg CF offering). The offering has a minimum fundraising goal of $1,500,000 and a maximum goal of $3,500,000, with a 17% return offered to investors. The offering closes August 30, 2026. Estimated gross condominium sales are projected between $210 million and $220 million, with project expenses estimated at $140 million to $150 million before broker commissions, closing costs, and other closing expenses. Construction is expected to take 24 to 36 months from start, with condo sales targeted within 18 months of construction completion. Condo approval from the NY State Attorney General is listed as pending. A notable aspect of the project's development philosophy is its focus on below-market pricing. Target sale prices are planned to be 15–25% lower than comparable market-rate condominiums in the immediate area, aiming to address New York City's affordability crisis through construction efficiency and supply addition rather than government subsidies or affordable housing programs. Recent comparable condominium sales in the Hudson Yards area have ranged between approximately $2,100 and $2,500 per square foot. As of the time of this summary, the offering has raised $3,000 from 3 investors, with 68 days remaining. This is an early-stage fundraise with significant execution risk, including construction complexity, reliance on emerging robotic construction technology, condo approval contingencies, and broader real estate market conditions.

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