Grid Group

142 West 21st Street Readies For Construction in Chelsea, Manhattan 

Work is about to get underway on 142 West 21st Street, a two-story parking garage that is being expanded into a 13-story residential building in Chelsea, Manhattan. Designed by BKSK Architects and developed by Yiannes Einhorn of Grid Group, who purchased the property from Jadlamm Realty Corp. for $31 million in 2021, the 135-foot-tall structure will span 61,256 square feet and yield 22 condominium units with an average scope of 2,756 square feet, as well as 610 square feet of commercial space, a cellar level, parking spots for 16 vehicles, and a 30-foot-long rear yard. The property is located on an interior lot between Sixth and Seventh Avenues.

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Rendering of 1440 amsterdam Avenue designed by The Gluck Architectural Collaborative

Developers Land $32M Loan for Affordable Housing Tower at 1440 Amsterdam Avenue in West Harlem, Manhattan

Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.

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