SIR Chelsea LLC, a joint venture of hoteliers Richard Born, Ira Drukier, and Sean MacPherson, has closed for $250 million on the purchase of the 12-story, 58-unit mixed-use building known as Hotel Chelsea, at 222 West 23rd Street, in Chelsea. The new owners plan to redevelop the property into a boutique hotel and condominium units, The Real Deal reported. BD Hotels will serve as the developer and hotel manager. Completion is expected by 2018. The property is an individual landmark and has gone through years of redevelopment attempts.
The blocks just south of Penn Station in Chelsea are getting yet another hotel designed by Gene Kaufman. Plans were filed yesterday for a 40-story hotel at 144 West 28th Street, between Sixth and Seventh avenues.
Only a portion of the former five-story commercial building’s steel skeleton remains at the site of a planned 11-story, 137,081-square-foot commercial building at 510 West 22nd Street, located along the High Line in West Chelsea. The steel beams will be incorporated into the new building, which means the project is technically an expansion. Excavation work is currently taking place elsewhere on the property, as seen in the latest from Tectonic.
Windows are going in on the 21-story residential project at 221 West 29th Street between Seventh and Eighth avenues in Chelsea, near the northern border with the Garment District. Tectonic swung by the site recently and brought back some shots of the progress.
Construction is now six floors above street level on the 17-story, 50-unit mixed-use building under development at 232 Seventh Avenue, located between West 23rd and 24th streets in Chelsea. The latest photo is courtesy of photographer Tectonic. The most recent building permits indicate the project will measure 53,135 square feet with a roof rising 170 feet above street level. There will be 2,424 square feet of retail space across the ground and cellar levels, followed by residential units on the second through 16th floors. The units will be rental apartments and should average 798 square feet apiece. An anonymous Chelsea-based LLC is the developer and C3D Architecture is behind the design. Completion is expected in 2017.