Recent photos of 555 West 22nd Street show excavation in full swing for the future residential tower in Chelsea. The project is being designed by Robert A. M. Stern Architects while SLCE Architects is the architect of record. Related is the developer, and new renderings show a substantial update to the design since images were first revealed in early 2018.
555 West 22nd Street
A new rendering has been revealed for 555 West 22nd Street, owned by Related Companies, confirming YIMBY’s last report on its future as a residential building. The West Chelsea lot is currently occupied by low-rise commercial and residential structures as well as a U-Haul lot, however demolition permits were filed in February of last year. Related acquired these properties and adjacent air rights for a total of $234 million.
Permits have been filed for a new four-story mixed-use building at 555 West 22nd Street, in Chelsea. Related Companies is responsible for the project. Last time YIMBY reported on this site, the developer was in the process of acquiring 555 West 22nd Street, as well as 548 and 552 West 23rd Street. This permit only specifies for the lot on 22nd street, so the predicted 22-story building might still be in the works.
Related Companies is in contract to acquire, for an undisclosed amount, the assemblage of properties at 170 Eleventh Avenue, 548-552 West 23rd Street, and 555 West 22nd Street, in West Chelsea. The developer plans to build a 22-story, 140-unit mixed-use building at the site, Curbed NY reported. New building permits have not yet been filed with the Buildings Department, although early estimates put the size of the project at 288,000 square feet. It’s unclear what the other building use will be, although both commercial and community facility space are allowed by zoning. If all four existing buildings, which range from one- to three-story commercial structures, are razed, the site would be able to accommodate a maximum 291,324 square feet of mixed-use development as-of-right. An additional 70,000 square feet of air rights are being acquired and transferred to the site, probably to increase the amount of residential space that can be built. As the assemblage spans across different zoning district, the Department of City Planning must approve the air rights transfer.