Midtown

222 West 23rd Street

New Owners Plan Hotel-Condo Conversion Of 12-Story Hotel Chelsea At 222 West 23rd Street, Chelsea

SIR Chelsea LLC, a joint venture of hoteliers Richard Born, Ira Drukier, and Sean MacPherson, has closed for $250 million on the purchase of the 12-story, 58-unit mixed-use building known as Hotel Chelsea, at 222 West 23rd Street, in Chelsea. The new owners plan to redevelop the property into a boutique hotel and condominium units, The Real Deal reported. BD Hotels will serve as the developer and hotel manager. Completion is expected by 2018. The property is an individual landmark and has gone through years of redevelopment attempts.

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212 East 44th Street

42-Story, 429-Unit Mixed-Use Building Rises To Seventh Floor At 212 East 44th Street, Midtown East

Construction is now seven stories above street level on the 42-story, 429-unit mixed-use building under development at 212 East 44th Street (a.k.a. 222 East 44th Street), in Midtown East. The structure can be seen thanks to photos posted to the YIMBY Forums by Tectonic. The latest building permits indicate the project will measure 361,354 square feet and rise 556 feet above street level.

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523-529 Eighth Avenue

24-Story, 252-Key Hotel Filed At 525 Eighth Avenue, Garment District

Great Neck, N.Y.-based McSam Hotel Group has filed applications for a 24-story, 252-unit hotel building at 525 Eighth Avenue, located between West 36th and 37th streets in Midtown’s Garment District. The tower will encompass 88,127 square feet and rise 213 feet above street level to its roof. Guest amenities include a fitness center, bicycle storage, and a rooftop bar on the 24th floor. There will also be retail space on the ground floor. Gene Kaufman’s Union Square-based architecture firm is the architect of record. The 7,454-square-foot property, at 523-529 Eighth Avenue, is currently occupied by a single-story commercial building. Joseph P. Day Realty Corporation is the property owner.

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