Foundation work is underway on the 12-story, nine-unit residential building under development at 117 West 21st Street, in Chelsea. Dubbed The Twenty1, the latest building permits indicate the project will measure 32,541 square feet and rise 120 feet above street level to its roof. The residential units will be condominiums and should average 3,616 square feet apiece. There will be a single townhouse-style unit, six full-floor units, and two duplexes. The Amirian Group is the developer and GRADE Architecture is behind the design. Completion is expected in 2017.
KBS Capital has entered into contract with Onyx Equities to acquire an 80 percent stake in the Church of St. John the Baptist, a two-story, 23,110-square-foot structure at 210 West 31st Street in Chelsea. KBS and Onyx plan to convert the structure into roughly 30,000 square feet of retail space, The Real Deal reported. The space will be divided between three units, all with space on the ground floor and additional space on the cellar and second levels. A roof patio could also be constructed. KBS is set to pay $39.8 million for the stake. A timeline regarding the sale or construction has not been disclosed. Alteration permits have not been filed at this time.
Excavation and piling work are underway on the site of a planned nine-story, 153,754-square-foot commercial building at 61 Ninth Avenue, located on the corner of West 15th Street in Chelsea. The site can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the project will rise 135 feet to its roof, or 175 feet if the bulkhead is included.
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.