Washington Square Village was proposed in July 1957 as part of a six-building, 2,004 unit complex that would stretch down to
Houston Street; of shopping space was to be included. In the 1950s, after the assembly of the superblock, Washington Square Village was constructed as a for-profit, middle class housing complex. It was marketed to people who might otherwise move out of the city or who had already moved out to the suburbs and might want to move back. Initially, the apartment complex was referred to as
Tishman’s Tenements, after
Paul Tishman one of the original developers. Rents for studios to three bedrooms ranged from about $150 to about $300 per month with about $25 extra for underground parking. Occupancy commenced in the Fall of 1958 with the opening of the north Buildings 1 and 2. South buildings 3 and 4 were opened a year or two later with freight elevators and no penthouses. A third building was to be built in the block where the
University Plaza and the Silver Towers now stand. This was never accomplished presumably for lack of demand or due to the increased cost and taxes. The languishing rental market led to the acquisition of Washington Square Village by New York University for $25 million. (The reported cost of development, according to the Housing and Redevelopment Board statistics was $20 million.) NYU bought Washington Square Village in 1964, after
Paul Tishman (one of the original developers of WSV who was also sitting on the NYU board) ran into financial trouble. NYU also purchased the as yet unimproved superblock to the south and built
University Plaza on it, including Silver Towers,
Coles Sports and Recreation Center, 505 LaGuardia Place, and a commercial building which was occupied by
Morton Williams Supermarkets. In the 1960s,
William Lescaze accused the developers and the architects of WSV of using plans, ideas, and designs that he developed to build the WSV complex. In 1962, Lescaze filed suit, claiming $550,000 in damages for the unfair use of the materials that he developed for WSV, and for which he was never officially hired and paid. Image:WSV-plan1.gif|Illustration of the original WSV plan. Notice the third building in the block between Bleecker and Houston Streets, which was never built. Image:Wsv3.jpg|An aerial view of Washington Square Village (Notice this image looks southwest; the illustration on the left, of the planned three building construction, looks northeast.) After the purchase by NYU, residents of the complex were entitled to remain in their apartments but vacant units (of which there were many) and units as they became vacated after NYU's purchase could be acquired for University use. As the neighborhood has become increasingly desirable, many of the original residents have continued to stay on and have been there for upwards of 35 or 40 years. It is also being used as graduate student and faculty housing. The garden between the two buildings has been designed by
Hideo Sasaki and combined biomorphic shapes with a strong grid of trees and a spectacular fountain with four high jets to stand up to the high-rises. It was a pioneering example of rooftop planting, being built on top of an underground garage. According to a 1999
New York Times Home & Garden article, the subtleties of the design have been blurred by poor maintenance and a misguided choice of trees and shrubs. The fountain was renovated in 2013 but most of the plants are different from the ones that were carefully selected by Sasaki for the original garden. and LaGuardia Place.|left Next to a pillar outside Building 2, a plaque is set in the asphalt that reads "BOB HOVELL STOOD HERE",{{cite web|url=http://wsvtenantsassociation.org/node/19|title=Who is Bob Hovell? UPDATED ==NYU 2031 and future==