Redevelopment Of Six-Story Warehouse At 517 West 29th Street Planned, Chelsea

517 West 29th StreetPre-demolition 517 West 29th Street. Image via Google Maps.

Six Sigma is in contract to purchase the six-story commercial building at 517-523 West 29th Street, in West Chelsea, for $54 million, and plans to redevelop the property. The existing building is being used as a self-storage facility and measures 55,000 square feet, although the site carries 19,000 square feet of unused development rights. The exact details on the redevelopment have not been disclosed, per The Real Deal.

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