Construction at 500 West 25th Street is now topped out and the installation of glass panels in the curtain wall is almost complete. GF55 Partners is the architect of record for the ten-story building while GDS Development is the developer. The site is located next to the High Line at the corner of West 25th Street and Tenth Avenue.
500 West 25th Street
GDS Development has acquired an additional 7,410 square feet of air rights for their planned condominium development at 500 West 25th Street, in West Chelsea. The air rights were purchased from Brookfield and Related. Valued at $685 per square foot, GDS’ additional investment totals about $5.1 million.
Days are numbered for the auto body shops, car washes, and gas stations near the High Line in Chelsea. They’re slowly being replaced with apartments, art galleries, and artisanal food shops. Last week, plans were filed for a new building that would replace a car stereo store on the corner of West 25th Street and Tenth Avenue.