Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Foundations Underway at 258-278 Eighth Avenue in Chelsea, Manhattan

Below-grade work is ramping up at 258-278 Eighth Avenue, site of a 14-story mixed-use project in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 173-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space on the lower floors. Leeding Builders Group is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the Midtown, Manhattan project, which is located along Eighth Avenue between West 23rd and West 24th Streets.

Read More

Demolition Reaches Street Level Behind Preserved Façade of 16 East 16th Street In Union Square, Manhattan

Demolition is wrapping up at 16 East 16th Street, where a historic six-story structure is being converted into a nine-story hotel in Union Square. Designed by BKSK Architects and developed by Trevor Stahelski under the Gramercy Park House LLC, the project involves the preservation of the façade of the 1891 building, which originally served as the Margaret Louisa Home, a boarding house for women, and later as a health club. MJM Associates Construction is the general contractor for the property, which is located between Union Square West and Fifth Avenue.

Read More