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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79 Avenue D

Excavation Work Underway For 12-Story, 110-Unit Mixed-Use Project At 79 Avenue D, East Village

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.

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165 East 107th Street

Four-Story, Two-Unit Townhouse Planned At 165 East 107th Street, East Harlem

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.

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