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.
Excavation work is underway on the site of a planned 12-story, 110-unit mixed-use building at 79 Avenue D, in the Alphabet City section of the East Village. The developer, L+M Development Partners, has also secured $52.8 million in construction financing. The latest building permits indicate the project will encompass 114,422 square feet and rise 120 feet above street level, not including the bulkhead.
Great Neck, N.Y.-based Kalico Group has filed applications for a four-story, two-unit residential building at 165 East 107th Street, in East Harlem. The townhouse will measure 5,656 square feet and rise on a vacant 17-foot-wide, 1,716-square-foot lot. One of the units will be located on the ground floor and the other unit will span the second, third, and fourth floors. There will also be a roof deck. Sion Hourizadeh’s Floral Park, N.Y.-based Sion Consulting Engineering is the applicant of record. The site has long been vacant, but it’s very likely it was once occupied by a four-story brownstone.
Over the course of the past year, Eli Hamway and his partners at Industrie Capital evicted hundreds of artists from the turn-of-the-century warehouses at Ninth Street and Second Avenue in Gowanus. Now they’ve begun converting the buildings to office space and kicked off leasing for the project.
A year ago, New York University shut down the Coles Sports Center, the aging, two-story gym at the corner of Bleecker and Mercer Streets in the Village. Now the school has filed plans for its replacement, a 23-story, mixed-use tower with classrooms, dorms, new athletic facilities, and community space at 181 Mercer Street.