The eight-story, 65,000 square-foot warehouse at 541 West 21st Street, in West Chelsea, has been placed on the market as a redevelopment site. The property could be worth more than $65 million, according to Crain’s Business. The commercial property is primed for a hotel or office conversion. Property owner Erno Bodek has tasked Meridian Investment Sales and Rosewood Realty Group with marketing the property.
Six months ago, foundation work was underway at 520 West 28th Street, in West Chelsea, where Related Companies is developing an 11-story, 39-condo-unit building. Now construction is up to the second floor, according to Curbed. Zaha Hadid is designing, and the nearly 149,000 square-foot building will include 11,180 square feet of commercial space, which will be broken into two retail units on the ground floor, according to Schedule A. Completion is expected in 2016.
Cushman & Wakefield is marketing the three-story, 13,040 square-foot building at 217-219 West 21st Street, in Chelsea, between Seventh and Eighth Avenues. The property has 6,710 square feet of unused air rights, according to Commercial Observer, but a developer could also demolish the existing structure for a new building. Leases currently occupy parts of the building, but expire at the end of 2017.
The team behind Sherwood Equities’ luxury condo development at 500 West 21st Street sent along a time lapse video of the building rising next to the High Line, beginning in March of last year and ending last month.
Last week, YIMBY posted an update with the first full renderings for 239 Tenth Avenue, a new eight-unit condominium project that’s about to begin construction on the northwest corner of 24th Street and Tenth Avenue. Now we have another set of images for the building, dubbed “The Getty,” which is being designed by Peter Marino and developed by Victor Group and Shvo.
