Chelsea


140 West 28th Street, rendering by Gene Kaufman

Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

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555 West 22nd Street

Permits Filed for 555 West 22nd Street, Chelsea, Manhattan

Permits have been filed for a new four-story mixed-use building at 555 West 22nd Street, in Chelsea. Related Companies is responsible for the project. Last time YIMBY reported on this site, the developer was in the process of acquiring 555 West 22nd Street, as well as 548 and 552 West 23rd Street. This permit only specifies for the lot on 22nd street, so the predicted 22-story building might still be in the works.

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