Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.
Sales recently launched for 378 West End Avenue, and the brick exterior for COOKFOX’s topped out 18-story project is quickly rising. Alchemy Properties is developing the Upper West Side residential complex, which incorporates the adjacent restoration of a 1915 Palazzo-style building located at the corner of West End Avenue and West 78th Street, and sits to the north of the abutting Collegiate Church. Inside 378 West End Avenue will be 58 one- to six- bedroom residences, including a collection of penthouses with pricing upon request, pre-war proportions, high ceiling heights, and oversized windows. Prices for one-bedrooms start at $1,795,000, two-bedrooms for $3,525,000, three-bedrooms for $5,550,000, four-bedrooms for $6,995,000, and five-bedrooms for $9,895,000. Alchemy Properties and Compass are working together to market the condominiums.
Permits have been filed for a 26-story mixed-use building at 125 West 57th Street in Midtown, Manhattan. Located between Sixth Avenue and Seventh Avenue, the lot is steps away from the 57th Street subway station, serviced by N and Q trains on Seventh Avenue and the F train at the 57th Street station on Sixth Avenue. Alchemy-ABR Investment Partners is listed as the owner behind the applications.
Full demolition permits have been filed for 123 West 57th Street in Midtown, Manhattan. According to the filing, the site is owned by Alchemy Properties. It currently houses Calvary Baptist Church and the Salisbury Hotel, a 16-story, 153-foot-tall structure built in 1930.
YIMBY has new photographs of the completed exterior of 250 West 81st Street, as well as interior views of the amenities at the 18-story Upper West Side condominium building. Designed by Robert A. M. Stern Architects with Hill West Architects as the architect of record, Alchemy Properties is the developer of the site, and Stribling Marketing Associates is managing sales for the building’s 31 condominiums, which average 2,700 square feet apiece. Sales are in partnership with Alchemy Properties and Stribling Marketing Associates.