A new affordable housing development has broken ground at 201-207 7th Avenue in Chelsea, Manhattan. The nine-story, affordable cooperative building will replace four aging properties at the corner of 22nd street, which are only partially occupied by five residents.
Construction is complete on Park House, an eight-story residential building at 500 West 22nd Street in West Chelsea. Designed by Annabelle Selldorf of Selldorf Architects and developed by Brantwood Capital, the 33,662-square-foot structure yields ten residential units and 1,959 square feet of ground-floor retail space. Compass is handling sales and marketing for the one- to four-bedroom homes and two duplex penthouses, with pricing ranging from $2.65 million to $12 million. Foundations Group served as the general contractor for the property, which is alternately addressed as 197 Tenth Avenue and stands at the corner of Tenth Avenue and West 22nd Street, a short walk from the High Line. Belden Tristate Building Materials supplied the hand laid bricks for the project.
Exterior work has resumed on One High Line, a pair of 26- and 36-story mixed-use towers at 76 Eleventh Avenue in the Midtown, Manhattan neighborhood of Chelsea. Designed by Bjarke Ingels Group and developed by Witkoff Group, the 900,000-square-foot complex will yield 236 condominium units, 137 hotel rooms, 85,000 square feet of retail space, and a public plaza. Steve Witkoff purchased the property, formerly known as The XI, in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital to complete the stalled project. Gilles & Boissier and Gabellini Sheppard Associates are the interior designers and Corcoran Sunshine Marketing Group is handling sales and marketing for the High Line-adjacent property, which is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.
Below-grade work is ramping up at 258-278 Eighth Avenue, site of a 14-story mixed-use project in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 173-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space on the lower floors. Leeding Builders Group is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the Midtown, Manhattan project, which is located along Eighth Avenue between West 23rd and West 24th Streets.
Construction is finishing up on 300 West 30th Street, a 16-story residential building in Chelsea. Designed by Studio C Architects and developed by Hiwin USA, which purchased the property for $27.5 million from Salt Equities in May 2018, the structure will yield 69 units in studio to two-bedroom layouts, as well as ground-floor retail space. Efin Management Corporation is the general manager of the project, which is located at the corner of West 30th Street and Eighth Avenue, a short walk from Madison Square Garden, Penn Station, and Moynihan Train Hall. Workshop/APD is the interior designer and Corcoran New Development is handling sales and marketing.
