Chelsea

Finishing Touches Underway on 111 West 57th Street in Midtown, Manhattan

8:00 am on August 23, 2021 By Michael Young

The finishing exterior touches are underway on 111 West 57th Street, a 1,428-foot supertall residential skyscraper in Midtown and the world’s most slender building with a height-to-width ratio of 24:1. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, 111 West 57th Street will yield 60 units designed by Studio Sofield and marketed by Douglas Elliman Development Marketing. The project is located on Billionaires’ Row between Sixth and Seventh Avenues, and is almost perfectly aligned with the center line of Central Park.

The Frame Building’s Office Conversion Progresses at 541 West 21st Street in West Chelsea, Manhattan

7:30 am on August 22, 2021 By Michael Young

Renovation work is progressing on The Frame Building, an eight-story commercial building at 541 West 21st Street in West Chelsea. Designed by Mancini Duffy and Pizzacora and developed by Higher Ground Development, the project involves the complete gutting and office conversion of the 65,000-square-foot former warehouse as well as a full façade replacement. The 106-year-old structure stands directly adjacent to Foster + Partners‘ 551 West 21st Street and had previously served as a storage facility and art gallery. Erbo Properties LLC is the owner, JLL is the brokerage, and Cauldwell Wingate is tasked with the new construction on the property, which is located by the corner of West 21st Street and West Street.

435 West 19th Street’s Steel Addition Rises in Chelsea, Manhattan

7:30 am on August 17, 2021 By Michael Young

Construction is progressing on 435 West 19th Street, a three-story addition and residential conversion of a former warehouse building in Chelsea, Manhattan with Rand Engineering and Architecture listed as the architect of record. The steel-framed expansion will bring the structure to eight total stories with 18 units averaging 1,400 square feet apiece. Churchill Real Estate Holdings is the owner of the site, which went through a bankruptcy auction led by Meridian Investment Sales in the early months of 2020. The original owner Six Sigma filed for bankruptcy twice with over $40 million in debt after purchasing the property for $21 million in 2014. Countywide Builders Inc. is the general contractor for the project, which is located between Ninth and Tenth Avenues.

Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

$1.25B Financing Package Secured to Complete Terminal Warehouse Redevelopment in Chelsea, Manhattan

7:00 am on July 27, 2021 By Sebastian Morris

L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.

Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Lenders Confirm $183M Financing Package for 258-278 Eighth Avenue in Chelsea, Manhattan

7:30 am on July 23, 2021 By Sebastian Morris

Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.

517-523 West 29th Street Nears Completion in Chelsea, Manhattan

7:30 am on July 18, 2021 By Michael Young

Construction is nearing completion on 517 West 29th Street, a ten-story residential building in Chelsea. Developed by Churchill Real Estate Holdings and designed by Ben Hansen Architect with Rand Engineering and Architecture as the architect of record, the 135-foot-tall structure yields 56,160 square feet with 60 condominium units and nine private outdoor parking spaces. The Midtown, Manhattan project stands between Tenth and Eleventh Avenues near the High Line and Hudson Yards.

Maverick Wraps Up Exterior Work at 215 West 28th Street in Chelsea, Manhattan

8:00 am on July 11, 2021 By Michael Young

Construction is wrapping up on Maverick, a pair of architecturally identical and adjoining 20-story residential buildings at 215 West 28th Street in Chelsea. Designed by DXA Studio and developed by HAP Investments, the twin 250-foot-tall structures yield a combined 162,834 square feet and 87 condominium units, as well as 20,000 square feet of ground-floor retail space. Douglas Elliman Development Marketing and Fredrik Eklund’s and John Gomes’ Eklund | Gomes team are responsible for sales and marketing for the residences, with Alex Lundqvist as the sales director in charge. Available one-bedrooms start at $1.3 million and two-bedrooms at $1.995 million, with prices for three- and four-bedroom residences available upon request. The property is located between Seventh and Eighth Avenues.

Marriott Hotel Nears Completion at 140 West 28th Street in Chelsea, Manhattan

7:30 am on July 6, 2021 By Michael Young

Work is wrapping up on 140 West 28th Street, a 470-foot-tall dual-brand Marriott Hotel in the Midtown, Manhattan neighborhood of Chelsea. Designed by Gene Kaufman Architect for Sam Chang of the McSam Hotel Group, the 46-story structure yields 173,000 square feet and 531 guest rooms across both a TownePlace Suites and Springhill Suites. Omnibuild is in charge of constructing the edifice, which is located between Sixth and Seventh Avenues in the Flower District.

Exterior Work Continues on Aloft Hotel at 132 West 28th Street in Chelsea, Manhattan

7:30 am on July 5, 2021 By Michael Young

Exterior work is getting closer to completion on the Aloft Hotel at 132 West 28th Street, a 32-story tower in the Midtown, Manhattan neighborhood of Chelsea. Designed by Peter Poon Architects and developed by Frank Ng, the 326-foot-tall structure will yield 203 guest rooms. The site is located between Sixth and Seventh Avenues in the Flower District.

Terracotta Façade Nears Completion on SOM’s 28&7 at 322-326 Seventh Avenue in Chelsea, Manhattan

8:00 am on June 25, 2021 By Michael Young

Façade installation is nearing completion on 28 & 7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the property is located at the corner of Seventh Avenue and West 28th Street and will yield 105,000 square feet of commercial space leased by CBRE. Triton Construction is the general contractor for the project.

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