In March, Alchemy Properties and Carlyle Group acquired, for $51 million, the three-story retail building at 2251-2259 Broadway, on the corner of West 81st Street on the Upper West Side, with plans to build a condominium project. The developer have now filed applications for an 18-story, 32-unit mixed-use building, as first reported by The Real Deal. The 209-foot-tall project will measure 123,493 square feet, of which 11,587 square feet will be designated to retail space on the cellar, ground, and second floors. The condos should average a spacious 2,617 square feet apiece, and amenities include a 39-bike storage room, private residential storage space, multiple lounges, and a rooftop terrace. Goldstein, Hill & West Architects is serving as the architect of record.
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.