Chelsea has long been a center of creativity in Manhattan. Recent developments have been strongly inspired by that history. Many of the city’s most notable projects with distinctive architecture style have popped along the new High Line Park, including the Frank Gehry-design IAC Building, and Zaha Hadid’s 520 West 28th Street. The neighborhood’s latest impending icon is 76 Eleventh Avenue, a pair of twisting mixed-use towers under development by HFZ Capital. Construction is moving quickly for all components, and thanks to photos by Tectonic, we can see the latest progress.
Construction on the western tower has now reached the tenth floor, out of a planned 35. Once finished, it will reach 402 feet above the ground. The structure is beginning to have a noticeable prominence, and will evidently be especially dominant when viewed from heavily trafficked 11th Avenue and adjacent Chelsea Piers.
The 25-story eastern tower will be of a nearly identical design, but won’t rise quite as high, measuring one hundred feet shorter. Foundation work for that part of the project is well underway, and it appears imminently ready to begin rising above the ground.
76 11th Avenue is the second development designed by Copenhagen-based Bjarke Ingels Group (BIG) to rise along Manhattan’s Westside waterfront. It’s just under forty blocks away from the eye-catching Via at 625 West 57th Street, developed by the Durst Organization.
Earlier this week, YIMBY also revealed the first renderings for BIG’s proposed NoMad tower.
The mixed-use towers at 76 11th Avenue will yield around 181,890 square feet for a new commercial center within the first four floors. Six Sense Hotels is also expected to open up shop inside the 25-story eastern tower. 240 residential units will occupy the rest of the project.
The project has received funding from a $1.23 billion senior loan, $258 million from an EB-5 mezzanine loan, and $225 million in developer equity. HFZ purchased 800,000 square feet of air rights to maximize the site’s buildable square footage.
Omnibuild is overseeing the project’s construction, which will offer 360-degree views of the Hudson River and Manhattan alike. Completion is expected by 2019.