Chelsea


140 West 28th Street, rendering by Gene Kaufman

Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

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157 West 24th Street

Permits Filed For 157 West 24th Street, Chelsea

Permits have been filed for a 19-story hotel to be built at 157 West 24th Street, between Sixth and Seventh Avenue, in Chelsea. The site is less than a block from a Whole Foods grocery store and has easy access to subway stations along 23rd Street, including the F and M trains on Sixth Avenue, the 1 and 2 trains on Seventh Avenue, and on Eighth Avenue, the C and E trains. Jin Sup An’s 157 West 24th Street Lodging LLC will be responsible for development.

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