Wonder Works Construction Corp. is planning to add a fifth floor to the existing four-story townhouse at 357 West 17th Street, in southern Chelsea, and transform the building into a 12,000 square-foot mansion, the New York…
YIMBY previously reported that construction began on the through-block project spanning from 527 West 27th Street to 520 West 28th Street back in January, and we followed up with a partial reveal from the construction documents later that month. Now we have the full renderings for the building, dubbed Jardim, which is being designed by Isay Weinfeld. Centaur Properties and Greyscale Development Group are developing the project, and Pizzarotti IBC is the builder.
Lalezarian Properties has acquired a warehouse at 606 West 30th Street, in West Chelsea, for $36 million. The site currently has roughly 30,000 square feet of development rights, and is zoned for retail or light manufacturing, but the developer is likely waiting on a rezoning that would allow for residential use. The site is located across from the High Line and Related’s multi-skyscraper Hudson Yards development. [The Real Deal]
Vornado Realty Trust has purchased the seven-story Otis Elevator Building at 260 11th Avenue, in West Chelsea, for roughly $80 million in stock units, according to Bloomberg Business, and is leasing the land under the building for 99 years. Vornado is planning to convert the building into office space; an expansion is also possible as the building has available development rights.
Celine Mo, of Roystar Investment Corp., has filed applications for a five-story, three-unit residential building at 242 West 22nd Street, in eastern Chelsea. The building will measure 7,600 square feet, and units will definitely be condominiums, averaging a spacious 2,530 square feet. James Wagman Architects is the applicant of record, and the existing four-story, four-unit townhouse passed pre-demolition inspection earlier this month.
