Housing Lottery Waitlist Launches for 221 West 29th Street in Chelsea, Manhattan

The affordable housing lottery has launched for 221 West 29th Street, a 21-story residential building in Chelsea, Manhattan. Built in 2017 by developer CBSK Ironstate and designed by Goldstein, Hill & West, the structure yields 430 residences. Available on NYC Housing Connect is a waitlist to fill one studio and one one-bedroom at 40 percent of the area median income (AMI) and one two-bedroom at 130 AMI, as well as future vacancies for residents ranging in eligible income from $23,863 to $198,250.

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Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

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Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

Permits have been filed for a vertical expansion and repurposing of an existing seven-story commercial building into a 12-story mixed-use structure at 115 Seventh Avenue in Chelsea, Manhattan. Located between West 16th Street and West 17th Street, the lot is one block north of the 18th Street subway station, serviced by the 1 train. Robert Shengchu Huang is listed as the owner behind the applications.

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7 Penn Plaza, via Google Maps

MarcumAsia to Expand Headquarters At 7 Penn Plaza In Chelsea, Manhattan

The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.

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