XIN Development, the American arm of Chinese builder Xinyuan Real Estate, is pushing forward with its second major condo project in New York City. The Beijing-based firm filed plans for a seven-story apartment building at 615 Tenth Avenue, between West 44th and West 45th streets in Hell’s Kitchen.
615 10th Avenue
Back in November, XIN Development, the U.S. branch of Beijing-based Xinyuan Real Estate, entered into contract to purchase the development site at 615 Tenth Avenue, between West 44th and 45th Streets in Hell’s Kitchen. Now, the developer has closed on the site for $57.5 million, and a mixed-use building with up to 90 condominium units is planned, according to The Real Deal. It will include mostly one- and two-bedroom residential units, as well as 20,000 square feet of retail space. The property is currently home to a Hess Express gas station, which must first be removed.
Beijing-based Xinyuan Real Estate, doing business in the United States as XIN Development, is in contract to purchase the development site at 615 10th Avenue, between West 44th and 45th Streets in Hell’s Kitchen. A gas station currently occupies the site, but the property has over 100,000 square feet of development potential. A condominium project is planned, and the site is expected to sell for nearly $60 million.