Chelsea

Updated rendering of proposed property at 14th Street and Ninth Avenue - BKSK Architects

44-54 Ninth Avenue’s Vertical Expansion and Renovation Progresses in Chelsea, Manhattan

Construction is progressing on 44-54 Ninth Avenue, an eight-story commercial expansion project above a row of landmarked townhomes on the border of Chelsea, the Meatpacking District, and the West Village. Designed by BKSK Architects and developed by Tavros Capital, the new structure will stand 102 feet tall and yield offices and ground-floor retail space. Mepa Realty is the owner and Broadway Construction is the general contractor for the property, which is alternatively addressed as 351-355 West 14th Street and is located at the corner of Ninth Avenue and West 14th Street.

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155-165 West 29th Street Passes Halfway Mark in Chelsea, Manhattan

Construction has passed the halfway mark on 155-165 West 29th Street, a 17-story self-storage facility in Chelsea, Manhattan. Designed by Mancini Duffy and developed by Highland Development Ventures LLC and The Davis Companies, the 223-foot-tall structure will yield 180,000 square feet and 6,300 units. The developers acquired the property in early 2021 for $62.5 million, and construction costs are estimated at $84 million. Div West 29th Street LLC is the owner, Cauldwell Wingate is the contractor, and McNamara Salvia is the structural engineer for the property, which is located between Sixth and Seventh Avenues.

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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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