Alfa Development



245 West 14th Street

12-Story, 27-Unit Mixed-Use Building Completed At 245 West 14th Street, Chelsea

YIMBY last brought you a construction update on the 12-story, 27-unit mixed-use building at 245 West 14th Street, in southern Chelsea, in October of 2014, when the structure was just about to top out. Now, Tectonic has new photos of the building, dubbed Village Green West, which show that work is practically complete and scaffolding has been removed. The 47,129-square-foot structure features 3,802 square feet of ground-floor retail space, and its condominium units should average a spacious 1,586 square feet apiece. The units will come in one-, two-, three-, and four-bedroom configurations, and there will be four full-floor penthouses. Amenities include a gym and wellness center, a spa, a lounge, private storage space, bicycle storage space, and a rooftop terrace. Alfa Development is behind the project and Kutnicki Bernstein Architects is the design architect. Occupancy is expected imminently.


200 East 21st Street

Developer Plans 20-Story, 65-Unit Mixed-Use Building At 200 East 21st Street, Gramercy

In the summer of 2015, Chelsea-based Alfa Development entered into contract to acquire the development site spanning 253-261 Third Avenue (a.k.a 200 East 21st Street), in Gramercy, and now the developer is planning a 20-story, 65-unit mixed-use building. The Real Deal reports the project will measure 104,700 square feet in total and will include 7,200 square feet of ground-floor retail space. The rest of the new building will contain 65 condominium units, which will come in one- to four-bedroom layouts. BKSK Architects will be responsible for the design. Reportedly, the developers filed permits for the project, although they have yet to hit public record. Demolition permits, however, are on file for all of the assemblage’s existing buildings. Four three-story structures are to be demolished at 253-259 Third Avenue, and a five-story, 12-unit tenement building at 200 East 21st Street will be razed.


255 3rd Avenue

Developer To Acquire Assemblage Spanning 253-261 3rd Avenue, Gramercy

Apex Real Estate Investments recently purchased the properties spanning 257-259 3rd Avenue, in Gramercy, expanding an assemblage that now includes 253-261 3rd Avenue. Now Alfa Development is in contract to acquire the development site for $69.6 million. Condominiums are most likely planned for the site, which boasts roughly 90,000 square feet of building potential. Demolition permits were filed in 2014 for the three-story building at Nos. 253-255, although none are on file for the three- and five-story buildings at Nos. 257-261.