Permits have been filed for a 20-story mixed-use structure at 540 West 21st Street, in Chelsea, Manhattan. The development should be an exciting addition to the burgeoning neighborhood surrounding the High Line Park.
The project’s background was covered by Crains New York in 2014, revealing that the Atlantic Foundation, a non-profit founded by an heir to the Johnson & Johnson fortune, sold the lot to Casco Development Corp for $50 million. The Foundation had added an incentive to build an energy-efficient project, offering a rebate of $2 million if it achieves LEED’s highest rating, Platinum, and $1 million if it is rated gold. The buyers will be responsible for development.
The 250-foot tall structure will yield 205,960 square feet of space, with 43,510 square feet dedicated to commercial use, and 128,080 square feet for residential use. The 38 apartments created will average 3,370 square feet apiece, indicating some comfortable multi-million dollar condominiums.
Tenants will have access to a lobby, mailroom, amenities lounge, bicycle storage, pool, fitness center, and a spa facility equipped with a steam room and sauna. Three duplex units will be built on the fifth and sixth floor, and three full-floor penthouses will crown the tower. Gallery space will also be built into the first three stories.
Adamson Associates Architects is the architect of record for the project. The firm is often connected to projects designed by world-class architects. They have an impressive international portfolio, leaving high expectations for when the first renderings are revealed.
Demolition permits have already been filed, though the estimated completion date has not been announced.