Chelsea

542 West 22nd Street

Demolition Set to Begin on 542 West 22nd Street, Future Hauser & Wirth Location

When it comes to sweeping and far-reaching change, few areas have transformed as rapidly as West Chelsea. But while condo-fication is normally associated with displacement of galleries, that is not the case here, and now demolition applications have been filed for an old building at 542 West 22nd Street, which will be cleared to make way for a new outpost by Hauser & Wirth.

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606 West 30th Street

Developer Acquires Yet-To-Be-Rezoned Site At 606 West 30th Street, West Chelsea

Lalezarian Properties has acquired a warehouse at 606 West 30th Street, in West Chelsea, for $36 million. The site currently has roughly 30,000 square feet of development rights, and is zoned for retail or light manufacturing, but the developer is likely waiting on a rezoning that would allow for residential use. The site is located across from the High Line and Related’s multi-skyscraper Hudson Yards development. [The Real Deal]


242 West 22nd Street

Five-Story, Three-Unit Residential Building Planned At 242 West 22nd Street, Chelsea

Celine Mo, of Roystar Investment Corp., has filed applications for a five-story, three-unit residential building at 242 West 22nd Street, in eastern Chelsea. The building will measure 7,600 square feet, and units will definitely be condominiums, averaging a spacious 2,530 square feet. James Wagman Architects is the applicant of record, and the existing four-story, four-unit townhouse passed pre-demolition inspection earlier this month.



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