Chelsea

Demolition is ramping up at 258-278 Eighth Avenue, the site of a 12-story mixed-use building in Chelsea, Manhattan. Developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, which acquired the 40,000-square-foot parcel in 2017, the new building will yield multiple levels of retail space and 190 rental apartments. Breeze is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is located along Eighth Avenue between West 23rd and West 24th Streets. The architect is still unknown.

Construction is wrapping up 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 for Brantwood Capital and will yield ten residential units atop 1,959 square feet of ground-floor retail space, and a main lobby along West 22nd Street. Compass is handling sales and marketing for the homes, which range from one- to four-bedroom units and two duplex penthouses, with pricing from $2.65 million to $12 million. Foundations Group is the general contractor for the building, which is located at the intersection of Tenth Avenue and West 22nd Street, a short distance from the High Line.

Work is wrapping up on Maverick, a 20-story two-building residential development at 215 West 28th Street in Chelsea. Designed by DXA Studio and developed by HAP Investments, the 250-foot-tall reinforced concrete structures yield a combined 162,834 square feet and 87 condominium units, as well as 20,000 square feet of ground-floor retail space. Douglas Elliman Development Marketing and Fredrik Eklund’s and John Gomes’ Eklund | Gomes team are responsible for sales and marketing for the residences, with Alex Lundqvist as the sales director in charge. The property is located between Seventh and Eighth Avenues across from the Fashion Institute of Technology campus, in a stretch of the street that has seen a tremendous amount of vertical transformation with new offices and homes being built in the vicinity.