West Chelsea


Construction Ramps Up on Terminal Warehouse Renovation at 261 Eleventh Avenue in West Chelsea, Manhattan

Construction is full swing on the Terminal Warehouse, a seven-story commercial conversion at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project will overhaul the 121-year-old warehouse structure and yield a mix of Class A office suites, retail space, and dining options. L&L and Normandy Real Estate Partners purchased the Terminal Warehouse in 2018 for $880 million, and CBRE helped to arrange construction funding from the Blackstone Real Estate Debt Strategies platform, Goldman Sachs, KKR, and Oaktree Capital Management. New Line Structures & Development is the general contractor for the property, which is bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Curtain Wall Installation Begins on 606 West 30th Street in Hudson Yards, Manhattan

Curtain wall installation has begun on 606 West 30th Street, a 42-story residential skyscraper along the border of Hudson Yards and West Chelsea, Manhattan. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the 545-foot-tall structure will yield 312,350 square feet, with 192,780 square feet of residential space and 14,240 square feet of commercial space. The building is known as Tower B in a two-skyscraper development along with the adjacent 601 West 29th Street from FXCollaborative and Douglaston Development. Hudson 37 LLC is the general contractor for the property, which is located between Eleventh Avenue and West Street.

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Sales Launch for The Cortland at 555 West 22nd Street in Chelsea, Manhattan

Sales have officially launched at The Cortland, a 25-story condominium building at 555 West 22nd Street in the West Chelsea neighborhood. Developed by Related Companies, in partnership with Mitsui Fudosan America, the nearly 300-foot-tall new structure was designed by Robert A.M. Stern Architects with interiors by Olson Kundig and will hold 144 residential units. The Cortland will have a mix of two- to five-bedroom residences, as well as a series of penthouses. Related Sales LLC and CORE Group are the exclusive co-sales and marketing agents for the development, with residences starting at $4.05 million.

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