Chelsea

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

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

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.

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Permits Filed for 115 Seventh Avenue in Chelsea, Manhattan

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.

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

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.

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7 Penn Plaza, via Google Maps

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

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.

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Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

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

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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