GDS Development has acquired an additional 7,410 square feet of air rights for their planned condominium development at 500 West 25th Street, in West Chelsea. The air rights were purchased from Brookfield and Related. Valued at $685 per square foot, GDS’ additional investment totals about $5.1 million.
Situated one block north of “The XI,” designed by Bjarke Ingels, and sitting adjacent to Frank Gehry’s IAC Building and Jean Nouvel’s residential tower at 100 Eleventh Avenue, Thomas Heatherwick is bringing his first set of residential buildings to the High Line, just after his “Vessel” recently topped off at Hudson Yards. The project, located at 511-525 West 18th Street, is being developed by Related Companies and will be one of the largest buildings in Chelsea when completed.
Located in the northern section of Chelsea, in between Zaha Hadid’s first residential building and the High Line stretching over West 27th Street, a series of new art galleries designed by Studio MDA founder Markus Dochantschi are nearing completion. The project will yield nearly 15,000 square feet of interior gallery space split between two single-story buildings. Dubbed “The High Line Nine,” the structures are currently under construction, and are being developed by Related.
With a grand and unprecedented presence in the Midtown skyline, Hudson Yards continues to stop tourists and locals alike, as steel and concrete continue rising into the sky. Several days ago, just after dusk, one aspect of the complex caught a few people’s attention by surprise. The Vessel, created by British designer Thomas Heatherwick, seems to have been illuminated for the first time since the 150-foot public sculpture topped-out last year.
Speculations for the topping out of the 73-story 30 Hudson Yards have been swirling for the last couple months, and now the fateful day has finally arrived. Yesterday morning, YIMBY received confirmation that the tallest building of the Hudson Yards mega-development has finally reached its pinnacle, with an American flag rising above the building’s parapet. While some steel remains to be installed before the crown is fully complete, the significance of this is akin to the topping of the spire of a cathedral. In this case, it is a monument to the capitalistic ideals that fuel the contemporary American economy.
