Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.
Gene Kaufman Architect
Back in May, applications were filed for a new 27-story hotel at 305 West 48th Street, between Eighth and Ninth Avenues in Hell’s Kitchen. Now, we have the first rendering for the project, which is being designed by Gene Kaufman.
Yesterday, YIMBY featured a first glimpse at the plans for 76 8th Avenue, on the corner of 14th Street, at the crossroads of the Meatpacking District and the West Village. Today, we have the full rendering for the project, designed by Gene Kaufman, which will dramatically improve a corner that has long been under-built.
It’s been almost two years since we last checked in on 76 8th Avenue, on the corner of West 14th Street in the Meatpacking District. A few aspects of the building have changed since YIMBY’s last report. Mainly, it will now be a ten-story building, not twelve. This means the project will lose 7,000 square feet, reducing the total area to 30,000 square feet. And now, we have a first glimpse at renderings.