JHG Holdings

123 West 23rd Street

Developer Acquires Site of Planned 35-Story Residential-Hotel Project at 131 West 23rd Street, Chelsea

JHG Holdings has acquired, for $50.4 million, the Parish of St. Vincent de Paul at 123 West 23rd Street and the four-story tenement buildings at 116-120 West 24th Street, in Chelsea. The developer also owns the four-story hotel at 131 West 23rd Street, The Real Deal reported. The assemblage’s footprint measures 17,968 square feet and plans are already on file for a 35-story residential-hotel project.


At 88 Withers Street In Williamsburg, Former Paramount Studios Warehouse Makes Way For 12-Story Residential Project

Another block in central Williamsburg is shedding its commercial past as a warehouse at 88-92 Withers Street is torn down. It is slated to be replaced by a 12-story residential building, developed by Caro Enterprises and JHG Holdings. The 12,500-square foot corner lot sits across from the small park at the Badame Sessa Memorial Square, sandwiched onto a small triangular block by the side of the elevated Brooklyn-Queens Expressway. The cleared lot, situated within a residential-manufacturing M1-2/R6 zoning district, measures 125 feet along Withers Street to the north and 100 feet on Leonard Street to the east.

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