New renderings are out for the 11-story condominium building rising at 515 West 29th Street, in West Chelsea. Singaporean-based SCDA Architects, led by Soo Chan, is responsible for the design, which incorporates a series of glass panels producing a rippling effect on the façade. They also bear a striking resemblance to an art piece by Marcel Duchamp, “Three Standard Stoppages,” a play on ideas of identity and form through measurement. This might be intentional, considering its location, with dozens of galleries and artist studios in the blocks that surround the project.
Demolition Permits have been filed for 517, 519, and 523 West 29 Street, in West Chelsea, Manhattan. The site is just blocks away from Hudson Yards. This comes over a year after reports broke that developer Six Sigma paid a pricey $800 per buildable foot for 4,900 square feet of air rights to add to the project. The $3.92 million purchase allows the developer to add another floor to the top of the structure, which can be expected to sell for quite a sum. Six Sigma purchased the actual property for $54.75 million.
A new rendering has been revealed for 555 West 22nd Street, owned by Related Companies, confirming YIMBY’s last report on its future as a residential building. The West Chelsea lot is currently occupied by low-rise commercial and residential structures as well as a U-Haul lot, however demolition permits were filed in February of last year. Related acquired these properties and adjacent air rights for a total of $234 million.
Two new renderings have been revealed for 511-515 West 18th Street, in West Chelsea, which is being developed by Related Companies. The images show two towers with pod-like bowed glass facades, and brick exteriors, running along Tenth Avenue, and positioned on either side of the High Line between 18th and 19th streets. Thomas Heatherwick will be the design architect.
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.