JHG Holdings has acquired, for $50.4 million, the Parish of St. Vincent de Paul at 123 West 23rd Street and the four-story tenement buildings at 116-120 West 24th Street, in Chelsea. The developer also owns the four-story hotel at 131 West 23rd Street, The Real Deal reported. The assemblage’s footprint measures 17,968 square feet and plans are already on file for a 35-story residential-hotel project.
Construction has topped out and façade installation is nearing completion on the 35-story, 220-unit mixed-use building under development at 323 Tenth Avenue, located between West 28th and 29th streets in West Chelsea. The picture of the structure is courtesy of NY Construction Photo. The latest building permits indicate the tower rises 385 feet to its roof, not including the bulkhead.
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.