Chelsea

The Elisa Nears Completion at 251 West 14th Street in Chelsea, Manhattan

7:30 am on January 23, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on The Elisa, an 11-story residential building at 251 West 14th Street in Chelsea. Designed by Isay Weinfeld Architects, the structure will yield 25 condominium units in one- to three-bedroom layouts with sales and marketing led by Bianca D’Alessio, Christian Haag, and Mia Calabrese of Nest Seekers and SERHANT. Prices range from $1.45 million to $5 million for the four-bedroom penthouse. Pizzarotti is the general contractor for the property, which is located on an interior lot between Seventh and Eighth Avenues near the border of the West Village and the Meatpacking District.

FIT’s New Academic Building Nears Completion at 220 West 28th Street in Chelsea, Manhattan

8:00 am on January 21, 2024 By Michael Young and Matt Pruznick

Work is nearing completion on Fashion Institute of Technology‘s ten-story New Academic Building at 220 West 28th Street in Chelsea, Manhattan. Designed by SHoP Architects, the 110,000-square-foot structure is engineered to LEED Gold standards and will yield new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. Forte Construction Corp. is the general contractor for the property, which stands on a shallow plot between Seventh and Eighth Avenues on the northernmost edge of the FIT campus.

Mulligan Security Expands Lease At 7 Penn Plaza In Chelsea, Manhattan

7:30 am on January 20, 2024 By Max Gillespie

National real estate investment firm The Feil Organization has announced that private security and fire safety contractor Mulligan Security has expanded its lease at 7 Penn Plaza in Chelsea, Manhattan. The company will extend its lease for 12 years and expand its footprint by 15,788 square feet, bringing its total occupancy to 24,788 square feet.

278 Eighth Avenue Finishes Up Construction in Chelsea, Manhattan

8:00 am on January 18, 2024 By Michael Young and Matt Pruznick

Construction is finishing up on 278 Eighth Avenue, a 14-story mixed-use residential building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.

New Rendering Spotted For 280 Eighth Avenue in Chelsea, Manhattan

8:00 am on January 14, 2024 By Michael Young

YIMBY spotted a new rendering amidst excavation at 280 Eighth Avenue, an upcoming 10-story mixed-use residential building in Chelsea, Manhattan. Designed by SLCE Architects and developed by Red Apple Group under the RA 280 Development LLC, the future 113-foot-tall structure will yield 58,021 square feet. Components include 52,432 square feet designated for residential space split among 64 rental units averaging 819 square feet apiece, 4,642 square feet for commercial space, 947 square feet for community facility space, a cellar level, and a 24-foot-long rear yard. Archstone Builders, LLC is the general contractor for the property, which is situated at the corner of Eighth Avenue and West 24th Street.

Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

$151.4M Capitalization Secured For 335 Eighth Avenue In Chelsea, Manhattan

7:30 am on January 10, 2024 By Max Gillespie

JLL Capital Markets has arranged a $151.4 million capitalization for 335 Eighth Avenue, a seven-story mixed-use building under construction in Chelsea, Manhattan. Designed by COOKFOX and developed by MAG Partners and Safanad, the structure will yield 188 units with 30 percent reserved for low- and middle-income residents, as well as over 30,000 square feet of amenities, 25,461 square feet of retail space, and 1,150 square feet of community facility space. Financing was secured from Bank OZK and MetLife Investment Management for the project, which broke ground in October 2023.

Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

6:30 am on January 7, 2024 By Vanessa Londono

Permits have been filed for a vertical expansion and repurposing of an existing seven-story commercial building into a 12-story mixed-use structure at 115 Seventh Avenue in Chelsea, Manhattan. Located between West 16th Street and West 17th Street, the lot is one block north of the 18th Street subway station, serviced by the 1 train. Robert Shengchu Huang is listed as the owner behind the applications.

606 West 30th Street Wraps Up Construction in West Chelsea, Manhattan

7:30 am on December 18, 2023 By Michael Young and Matt Pruznick

Construction wraps up 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 spans 312,350 square feet with 192,780 square feet of residential space and 14,240 square feet of commercial space on the lower levels. The tower is also known as Tower B in a two-skyscraper development along with the taller 3ELEVEN from FXCollaborative and Douglaston Development at 601 West 29th Street, which is already complete. Hudson 37 LLC is the general contractor for the property, which is located on an interior lot between Eleventh Avenue and West Street, directly across from the third phase of the High Line.

MarcumAsia to Expand Headquarters At 7 Penn Plaza In Chelsea, Manhattan

7:00 am on December 12, 2023 By Max Gillespie

The Feil Organization has announced that multinational accounting and consulting services firm Marcum Asia CPAs LLP is expanding its headquarters at 7 Penn Plaza, an 18-story commercial building at 370 Seventh Avenue in Chelsea. The firm will add 8,851 square feet of office space to its existing footprint, bringing its total occupancy to 14,870 square feet on the eighth floor for the next decade.

Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan

8:00 am on November 30, 2023 By Michael Young

YIMBY recently went on a tour of Terminal Warehouse at 261 Eleventh Avenue in West Chelsea, Manhattan. The original 132-year-old George Mallory-designed structure is being extensively renovated and now features a new six-story office pavilion designed by COOKFOX Architects and redeveloped by L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners. New Line Structures & Development is the general contractor for the 1.3-million square foot development, which will cost $2 billion-plus, stand 13 stories tall, and yield new Class A office suites, around 100,000 square feet of new outdoor green space including 29 private terraces and a central courtyard, ground-floor retail space, and multiple dining options. Cushman & Wakefield is the exclusive listing agent for both office and retail. Terminal Warehouse takes up a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and Hudson River to the west. Floor plates vary in size up to 160,000 square feet.

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