335 Eighth Avenue Rises Above Street Level in Chelsea, Manhattan

Construction is rising on 335 Eighth Avenue, a seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX Architects and developed by MAG Partners and Mutual Redevelopment Houses, Inc., with financing provided by global holding company Safanad, the structure will span approximately 200,000 square feet and yield 188 rental units in studio to two-bedroom layouts, as well as a 23,000-square-foot Lidl supermarket and additional ground-floor retail space. Thirty percent of the homes will be reserved for affordable housing. The property is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses.

The reinforced concrete superstructure has begun to rise above street level since our last update in late January, when foundations were still being formed. Recent photos show the building standing four stories high with a dense network of scaffolding and formwork aiding in the settling of the latest levels. Given its modest height, 335 Eighth Avenue could likely top out before the end of spring, followed by the installation of the brick façade later in the year.

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Steel rebar protrudes vertically around the location of the perimeter columns. A concrete boom sits at the top of the structure as the project climbs above the neighborhood.

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Photo by Michael Young

Renderings show the southern and eastern elevations with a uniform red brick envelope, a tight grid of recessed rectangular windows, and more expansive floor-to-ceiling glass for the retail storefront. The residential entrance sits beneath a canopy topped with shrubbery along Eighth Avenue, and dark metal railings line the rooftop terrace.

Rendering of 335 Eighth Avenue, courtesy of MAG Partners and COOKFOX Architects. Photo by Michael Young

The upcoming Lidl supermarket will feature a bakery, fresh produce, a floral shop, meat and seafood, and other typical everyday essentials. The store will be the German company’s second outpost in Manhattan following its Harlem establishment located at 2187 Frederick Douglass Boulevard that opened in February 2022. Lidl is expected to work with Hire NYC to offer employment to local residents and provide comprehensive benefits such as healthcare for all full- and part-time employees, regardless of hours worked per week.

Ninety percent of the residential units will be studios and one-bedrooms, and the remaining 10 percent will be two-bedroom apartments. Amenities at 335 Eighth Avenue will include a fitness center, a library, a media lounge, a coworking lounge with private workspaces, a dining area with a catering kitchen, and outdoor rooftop gardens with dining areas and a grilling terrace.

JLL Capital Markets arranged a $151.4 million capitalization for the project with financing secured from Bank OZK and MetLife Investment Management.

The property is a short walk from the local C and E trains at the 23rd Street station to the south.

335 Eighth Avenue’s anticipated completion date is slated for the third quarter of 2025.

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews