Friedland Properties has landed a $182 million mortgage to finance their planned 14-story, 239-unit mixed-use building at 7 West 21st Street, a vacant, thru-block property in the Flatiron District. A number of units will be affordable, and 8,210 square feet of retail is planned on the ground floor. Morris Adjmi Architects is designing, and the project was approved by the LPC in 2013.
The current crop of skyscrapers under construction in Manhattan extend from the upper reaches of the Upper East Side all the way down to the tip of the Financial District, and in the very middle lies 45 East 22nd Street, just to the west of Park Avenue South.
The expansion and conversion of the 16-story building at 10 Madison Square West, in the Flatiron District, is well under way. The building will eventually stand 23 stories and contain 125 condominiums, as well as commercial retail space. YIMBY covered the project in 2013, and now, A Fine Blog predicts nearly all 125 units are likely in contract. Completion is likely expected by 2016, and Alan Wanzenberg is designing.
Last fall, Chinese developer Cheerland Investments paid a whopping $129 million for the United Charities office building at 287 Park Avenue South, a nine-story Renaissance Revival structure built in 1892. An insider told the Wall Street Journal that it would be converted to condos, and earlier this week, permits were filed for a residential conversion that would add nine stories to the top.
Big changes are in store for a lot fronting West 18th Street and West 17th Street between Fifth and Sixth Avenues in the Flatiron District. On Tuesday, the Landmarks Preservation Commission approved the restoration of existing buildings at 40-42 West 18th Street and 45 West 17th Street, as well as plans to construct a new through-block building at 38 West 18th Street and 41-43 West 17th Street. This is the Ladies Mile Historic District, hence the LPC involvement.