L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
Kossar’s Bagels & Bialys is opening a second retail location in Manhattan on the ground floor of Ohm, a 34-story mixed-use building at 312 Eleventh Avenue in Hudson Yards.
Façade work is progressing on Park House, an eight-story residential building at 500 West 22nd Street in West Chelsea. Alternately addressed as 197 Tenth Avenue, the 33,662-square-foot structure is designed by Annabelle Selldorf of Selldorf Architects and developed by Brantwood Capital, and will yield ten units and 1,959 square feet of ground-floor retail space. Compass is handling sales and marketing for the homes, which range from one- to four-bedroom units, including two duplex penthouses, with prices ranging from $2.65 million to $12 million. The property is located at the intersection of Tenth Avenue and West 22nd Street, a short distance from the High Line.
Façade installation is nearing completion on The Cortland, a 26-story condominium building from Robert A. M. Stern Architects at 555 West 22nd Street in West Chelsea. Developed by Related Companies with SLCE Architects as the architect of record, the nearly 300-foot-tall structure will yield 141 units spread across 250,000 square feet, for an average of 2,245 square feet apiece. The building is located along West Street and the Hudson River waterfront between West 22nd and West 23rd Streets.
Construction is about to go vertical on 606 West 30th Street, a 545-foot-tall residential skyscraper in Hudson Yards. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the 42-story building will yield 312,350 square feet, of which 192,780 will be dedicated to residential space and 14,240 for commercial use. The property is located between Eleventh Avenue and West Street near the border of West Chelsea.