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.
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.
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.
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.
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.
