Per The Real Deal, Raphael Toledano has acquired the six-story, 39-unit rental building at 125 West 16th Street, in southeastern Chelsea, for $41.5 million. The new owner plans to add two stories and 20 units to the top of the building, and the existing structure will also be renovated. Madison Realty Capital provided $34 million for the purchase and construction costs.
YIMBY first reported that ODA would be designing a tower at 75 Nassau Street last fall, which was followed by news of a height reduction this past March, via the project’s first permits. And now, we have the full reveal for the tower, which is being developed by Lexin Capital.
Construction is starting to pick up in East Harlem, where YIMBY spotted this rendering on the fence at 318 East 112th Street, between 1st and 2nd Avenues.
Developer Stagg Group is taking the northern Bronx by storm, and their latest project is an apartment building planned for 29 Featherbed Lane in Morris Heights, just across the Harlem River from Washington Heights.
Anbau Enterprises has closed on the purchase of the five-story apartment building at 203-209 West 79th Street, on the Upper West Side, for $39 million, reports The Real Deal. The developer will go forward with approved plans for a 13-story mixed-use condominium building, and Morris Adjmi is designing. The site has 104,000 square feet of building potential, and demolition permits were recently submitted to knock down the existing building.