The eight-story, 65,000 square-foot warehouse at 541 West 21st Street, in West Chelsea, has been placed on the market as a redevelopment site. The property could be worth more than $65 million, according to Crain’s Business. The commercial property is primed for a hotel or office conversion. Property owner Erno Bodek has tasked Meridian Investment Sales and Rosewood Realty Group with marketing the property.
Fisher Brothers, Witkoff, and New Valley have closed on a $445 million construction loan for their planned 58-story, 157-condo-unit luxury tower at 111 Murray Street, in Tribeca. YIMBY brought you new renderings of the Kohn Pedersen Fox-designed building last month, and David Mann is designing the interiors; retail space will also measure 2,100 square feet on the ground floor.
Extell Development and Carlyle Group have filed applications for another Riverside Center building, this time at 639 West 59th Street, in Lincoln Square. The building will stand 34 stories or 391 feet in height, and will have 244 residential units. Retail space will span 1,845 square feet on the ground floor within the larger 330,152 square-foot building, and amenity space will be located on the ground floor and cellar. Goldstein Hill & West Architects is the architect of record.
A 10-story, 33-unit residential building under construction at 401 East 8th Street in the East Village, has topped-out and gotten its façade, per EV Grieve. The structure will measure 24,975 square feet, and units will average a rental-sized 755 square feet. The property owner is listed as 399 E8 Development LLC, and Akeeb Shekoni’s Askion Architects is designing. The project should wrap up and open for occupancy by 2016.
The four-story commercial building at 319 Bowery, in the East Village, is currently being gut-renovated into three full-floor residential units and ground floor retail, according to EV Grieve. The retail portion will span 1,500 square feet in the 5,090 square-foot building, and residential units will average 1,200 square feet. Steve Croman is redeveloping the property, and Grasso-Menziuso Architects is the applicant of record.
