Chelsea

531-539 Sixth Avenue

Investment Firm to Purchase Mixed-Use Development Site at 531-539 Sixth Avenue, Chelsea

Hong Kong-based Gemini Investments is in contract to acquire the single-story, 14,000-square-foot commercial building at 531-537 Sixth Avenue and the four-story mixed-use building at 539 Sixth Avenue, in southern Chelsea. The investment firm is paying $53 million for the assemblage, according to The Real Deal. The properties are located at the corner of West 14th Street, and if both existing buildings are demolished, the site can accommodate up to 60,566 square feet of mixed-use development. The single-story building is currently vacant, although the four-story mixed-use building is occupied by a retail tenant and a few residential units. Plans for the site have not been disclosed. Neither demolition permits nor new buildings applications have yet been filed.

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220 Eleventh Avenue

Zaha Hadid-Designed Mixed-Use Project Planned At 220 Eleventh Avenue, West Chelsea

Back in 2002, the Moinian Group acquired, for an undisclosed amount, the 19,750-square-foot lot at 220 Eleventh Avenue, located between West 25th and 26th streets in West Chelsea. Since then, the Metropolitan Transportation Authority (MTA) has constructed what appears to be a ventilation system for the 7 Subway Extension on the northern end of the lot. Now, we can bring you news that the developer is moving forward with development of the site. Planned is a mixed-use project, with condominiums and a space for a cultural institution, designed by Zaha Hadid Architects. The project was one of the last that Zaha Hadid personally designed before she unexpectedly passed away earlier this year. The site can accommodate up to 187,820 square feet of new mixed-use development. Construction is expected to get underway in early 2017.

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21-Story Residential Building Rises Above Ground Level at 221 West 29th Street, Chelsea

A 21-story building has risen above ground level at 221 West 29th Street, on the northern fringe of Chelsea. The 210-foot-tall building, situated between Seventh and Eighth avenues, two blocks south of Penn Station, is slated to contain 95 rental units, 19 of which are scheduled to be affordable. The project is developed by CBSK Ironstate, the group consisting of SK Development, CB Developers, and Ironstate Development. The architecture firm Goldstein, Hill & West is responsible for the design that draws inspiration from its pre-war context. CM & Associates Construction Management, LLC, abbreviated as CMA, was contracted for pre-construction design consultation and construction management.

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Exterior Work Nears Completion on 14-Story Supportive Housing Building at 257 West 29th Street, Chelsea

Construction of the 14-story supportive housing building at 257 West 29th Street in Chelsea is in its final stretch. Cladding is in progress underneath the black netting that shrouds the building. The 143-foot-high, 37-unit building is developed by Arker Companies. Aufgang Architects are responsible for architectural design and construction administration. Chateau GC LLC serves as the general contractor.

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215 West 28th Street

In Chelsea, Cleared Site Awaits 21-Story Residential Project at 215 West 28th Street; Demo Permit Issued for Sister Building at 223 West 28th Street

Last month, we presented an updated design for a residential complex developed by HAP Investments and designed by DXA Architects. The two-building project would span an unusual site at 215-219 and 223-227 West 28th Street, split by a tenement in between. Our latest visit reveals that the plot for the east building at number 215, which would feature some of the city’s most striking cantilevers, appears ready for construction prep. Demolition has not yet started for its counterpart at number 223.

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