Alchemy Properties

Demolition Nears Ground Level at 123 West 57th Street in Midtown, Manhattan

7:00 am on July 18, 2022 By Michael Young

Demolition is moving along rapidly at 123 West 57th Street, the site of a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Alchemy Properties and ABR Partners closed a $120 million deal to purchase the Midtown property from Calvary Baptist Church. ABR Partners’ equity partner, Cain International, had brought on Security Benefit Life as the new lender for the project, which will yield 185,000 square feet of office space and is estimated to cost $350 million. The property is located on a plot bound by West 57th Street to the south, West 58th Street to the north, Sixth Avenue to the east, and Seventh Avenue to the west.

Demolition Begins at 123-141 West 57th Street for 26-Story Office Tower in Midtown, Manhattan

7:30 am on March 1, 2022 By Michael Young

Demolition is underway at 123-141 West 57th Street, the site of a forthcoming 26-story, 185,000-square-foot office tower along Billionaires’ Row in Midtown, Manhattan. The site is located between Sixth and Seventh Avenues, surrounded by Christian de Portzamparc’s One57 and SHoP Architects‘ 111 West 57th Street. It was recently reported that Alchemy Properties and ABR Partners closed a $120 million deal to purchase the property, which was owned by Calvary Baptist Church and includes the adjacent 16-story, 153-foot-tall Salisbury Hotel. ABR Partner’s equity partner, Cain International, had brought on Security Benefit Life as the new lender. The total construction cost for the project is estimated to be roughly $350 million.

378 West End Avenue’s Brick Façade Takes Shape on Manhattan’s Upper West Side

7:30 am on September 23, 2021 By Michael Young

Exterior work is progressing on 378 West End Avenue, an 18-story residential development on Manhattan’s Upper West Side. Designed by COOKFOX and developed by Alchemy Properties, the project incorporates the restoration of the adjacent 1915 Palazzo-style building at the corner of West End Avenue and West 78th Street, and will yield 58 units with sales and marketing led by Alchemy Properties and Compass. Homes will be available in one- to six-bedroom spreads and a collection of penthouses, with prices ranging from $1,795,000 to nearly $10 million. Leeding Builders Group is the general contractor for 378 West End Avenue, which is located along West 78th Street between West End Avenue and Broadway.

Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Lenders Confirm $183M Financing Package for 258-278 Eighth Avenue in Chelsea, Manhattan

7:30 am on July 23, 2021 By Sebastian Morris

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.

COOKFOX’s 378 West End Avenue Progressing, Sales Launch, On Manhattan’s Upper West Side

8:00 am on April 14, 2021 By Michael Young

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.

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View of 125 West 57th Street prior to the erection of existing sidewalk sheds (via Google Maps)

Permits Filed for 26-Story Building at 125 West 57th Street in Midtown, Manhattan

7:00 am on November 22, 2019 By Vanessa Londono

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.

Demo Permits Filed for 123 West 57th Street in Midtown, Manhattan

7:00 am on November 9, 2019 By Vanessa Londono

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.

New Photos Released of Amenities at RAMSA’s 250 West 81st Street in Upper West Side

7:30 am on September 16, 2019 By Michael Young

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.

YIMBY Scopes Views From The Woolworth Building’s Pavilion Residences, in The Financial District

8:00 am on May 26, 2019 By Michael Young

The views from the upper floors of the Woolworth Building have been seldom seen since its construction, but now that the tower is partially transforming into residences, YIMBY has an inside look at what New York City looks like from the top of one of its oldest and most iconic Downtown skyscrapers.

Work Wraps on Robert A.M. Stern’s 250 West 81st Street, on the Upper West Side

8:00 am on April 21, 2019 By Michael Young

Scaffolding for 250 West 81st Street on the Upper West Side has been completely dismantled. The exterior limestone and brick curtain wall at the corner of West 81st Street and Broadway fully stands out in the sunlight. The 209-foot-tall residential tower is designed by Robert A. M. Stern Architects and developed by Alchemy Properties while Stribling Marketing Associates manages sales. The 18-story structure yields 31 condominiums, averaging 2,700 square feet apiece. There are two- to five-bedroom units with prices ranging from $3.8 million to $15.7 million. The site is located two blocks from the 1 train at the 79th Street subway station.

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