Developers Plan Residential Tower At Newly Acquired 2255 Broadway, Upper West Side

2255 BroadwayPre-demolition 2255 Broadway, image via Google Maps

There were rumors back in the summer of 2015 that the three-story, 20,000-square-foot retail building at 2251-2259 Broadway (a.k.a. 256 West 81st Street), on the Upper West Side, would be demolished for a new building, and it appears that will be the case. Alchemy Properties and Carlyle Group have purchased the property for $51 million and, according to The Real Deal, are planning to build a condominium tower. Alchemy Properties leased the building last year to remove all its tenants, and the structure will subsequently be demolished. The project could be as large as 94,000 square feet, but no demolition permits or new building applications have been filed yet.

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