Chelsea



210 West 31st Street

Reveal for Two-Story, 30,000-Square-Foot Retail Building at 210 West 31st Street, Chelsea

A rendering has been revealed of the two-story, 30,000-square-foot commercial redevelopment in the works at 210 West 31st Street, located across the street from Madison Square Garden in Chelsea. KBS Capital, which is affiliated with California-based KBS Strategic Opportunity REIT II, and Onyx Equities are developing the project. It will include two floors of restaurant and retail space, in addition to a roof deck, Real Estate Weekly reported. The redevelopment consists of the West 31st Street section of the Church of St. John the Baptist, which Onyx is ground-leasing from the congregation. Demolition of that 23,110-square-foot section is anticipated in 2017, with completion of the new building in 2018.


239 Tenth Avenue, photo by Tectonic

239 Tenth Avenue Gets Glassy in Chelsea

Michael Shvo and Victor Group knocked down a gas station at 239 10th Avenue in Chelsea last year to make way for a glassy condo building. Now workers are installing facade panels on the building, which is under construction at the corner of West 24th Street.

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517 West 29th Street

Air Rights Acquired for 10-Story, 61-Unit Mixed-Use Project Planned at 517 West 29th Street, West Chelsea

Developer Six Sigma has acquired, for $3.92 million, 4,900 square feet of High Line Transfer Corridor air rights for its planned 10-story, 61-unit condominium project at 517 West 29th Street, in West Chelsea. The development rights will be used to build larger and taller, the New York Post reported. Not including the recently-acquired air rights, the 9,875-square-foot site can accommodate up to 74,260 square feet of residential space, plus an additional 24,490 square feet of commercial or community space. Plans have not been filed with the Buildings Department, although demolition permits were filed in August for the existing six-story warehouse. A construction timeline has not been disclosed.


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