Chelsea


Plans Announced for New Condominium Building at 118 Tenth Avenue in West Chelsea, Manhattan

Plans have been announced for a condominium building at 118 Tenth Avenue in West Chelsea, Manhattan. Developed by Toll Brothers, which acquired the site from Benny Barmapov for $53 million in a deal brokered by Adirondack Capital Partners, the project can yield up to 85,000 square feet. The nearly 12,000-square-foot property is located between West 17th and 18th Streets within the Special West Chelsea District.

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246 West 18th Street. Designed by RyDE Design.

246 West 18th Street Rises in Chelsea, Manhattan

Construction is rising on 246 West 18th Street, an 11-story mixed-use building in Chelsea, Manhattan. Designed in a collaboration between RyDE and Mao Architects, developed by Verdevelopment, and built by Prime Builders, the 120-foot-tall structure will span 35,679 square feet and yield 21 condominium units with an average scope of 1,457 square feet. The project will also include 8,005 square feet of commercial space on the first and second floors, as well as ten enclosed parking spaces and a cellar level. The property is located mid-block between Seventh and Eighth Avenues.

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550 West 21st Street. Photo by Michael Young.

550 West 21st Street Rises in West Chelsea, Manhattan

Construction is steadily rising on 550 West 21st Street, a 23-story residential building in West Chelsea, Manhattan. Designed by Thomas Juul Hansen and developed by Legion Investment Group and AVRS Partners LP, which took over from Casco Development, the 250-foot-tall structure will span up to 172,000 square feet and yield 83 condominium units. The nearly 0.5-acre property is located at the corner of West 21st Street and the Hudson River Greenway.

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Developers Secure $525 Million Refinancing for One High Line in Chelsea, Manhattan

Witkoff and Access Real Estate have secured a $525 million refinancing package for One High Line, a two-tower mixed-use development at 500 West 18th Street in Chelsea, Manhattan. Designed by Bjarke Ingels Group, the development contains 236 residential units as well as the recently opened Faena Hotel New York. The property straddles the High Line on a trapezoidal plot bounded by West 17th Street, West 18th Street, Tenth Avenue, and West Street.

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