, Tue, September 17, 2019
Rendering courtesy of COOKFOX
The entire city block bound by 11th and 12th Avenues and 27th to 28th Streets in West Chelsea is occupied by the Terminal Warehouse complex, a former freight distribution hub built in 1891. After losing its place in the shipping industry in the 1930s, it then became infamous in the 1980s and ’90s as the home of The Tunnel nightclub. Now, after years as a mini-storage facility and commercial offices, the structure will once again see new life, this time as a wholistic, modern office complex. L&L Holding and Normandy Real Estate Partners have partnered with COOKFOX architects to adaptively reuse the building, preserving and restoring its historic elements, as well as to add shops and restaurants on street level, a central courtyard, and a contemporary glass addition.
More looks and details
Photos courtesy of Chelsea Market
New York City’s OG food hall, Chelsea Market, is set to expand in September. The market’s lower level, known as The Chelsea Local, will nearly double in size—from 13,000 square feet to 25,000 square feet—and add a range of new vendors, including Black Seed Bagels, Las Delicias Patisserie, and Pearl River Mart Foods, a new grocery from Asian emporium Pearl River Mart. The addition will bring the market’s total size up to 135,000 square feet, easily making it the largest food hall in the city.
Listing images by Rise Media; courtesy of Compass
This one-bedroom Chelsea rental at 229 West 16th Street—currently available for a 12-month lease at $3,795 a month—comes with a large private backyard that has almost as much square footage as the apartment itself. Inside, the newly renovated pad is petite but has a few clever space-saving ideas. Outside, you can really spread out and enjoy more than 360 square feet of furnished, landscaped outdoor space.
Take a look inside
Oscar-nominated film director, screenwriter (“Taxi Driver,” “Raging Bull,” “American Gigolo” and “The Last Temptation of Christ”) and Martin Scorsese collaborator and pal Paul Schrader just put his three-bedroom Chelsea condo on the market for $3.25 million. The sleek, contemporary home in the building known as Modern 23 at 350 West 23rd Street is just a block from the High Line and near the Hudson River Park and the recently-opened Hudson Yards.
Get a closer look
Rendering via ZH Architects
As Cityrealty reported, construction topped out at Flow Chelsea at 211 West 29th Street last fall; the 24-story building’s distinguished stone facade and framed windows are all the way up, and as work winds down, an affordable lottery has been announced for 17 of the building’s 55 units. Individuals and households earning 70 to 130 percent of the area median income are eligible to apply for studio through three-bedroom apartments with rents that range from $1,169/month for studios to $3,051/month for a two-bedroom. As Chelsea‘s median rent ranges from $3,112/month for studios to $7,295/month for two-bedrooms (figures per CityRealty listings), this is quite a deal.
Find out how to apply
Image via Wiki Commons
It’s been several years since Ira Drukier and Richard Born took over as owners of the historic Chelsea Hotel with plans to turn it into a luxury hotel. The rent-stabilized tenants who remain in the hotel even as it’s been turned into a construction zone have filed multiple complaints with the city, hitting the new owners with violations and a lawsuit. But The City has uncovered a link between those complaints and Drukier and Born’s donations to Mayor de Blasio’s political funds. Over the course of less than a year—from August 2018 to June—18 checks totaling $57,400 were sent to de Blasio’s presidential campaign from either the owners or people associated with them. The checks started coming soon after city building inspectors began responding to tenant complaints about hazardous living conditions.
When Cassie Harwood-Jacquet moved to NYC from Adelaide, Australia eight years ago, she thought she’d only stay for a few months. But after scoring a job in a salon (she’d worked as a hairstylist for a decade back home), meeting her husband Matt, and having him move to New York from Paris to continue his career as a menswear designer, she decided to put down roots. Cassie and Matt now have an adorable three-year-old daughter named Fanella Rose and a lovely, family-friendly duplex in Chelsea. To balance her life as a working mom, Cassie set up her own salon, Maison Jacquet, in their apartment. 6sqft recently paid the Jacquets a visit and got a tour of their contemporary, colorful, and comfortable home and chatted with Cassie about raising children in Chelsea, working from home, and how she and Matt decorated their space.
Take the tour and meet Cassie
Image via Google Maps shows 206 West 17th Street in 2016. Now, the handful of single and four-story buildings has been replaced by a short, glassy retail space.
Air rights can be bought by whoever values them the most. In most scenarios, that ends up being a developer, but that’s not always the case. The New York Times recently reported on a rather unusual deal made in 2016 when a group of Chelsea loft owners refused to let a proposed condominium tower obstruct their natural light and Empire State Building views. Instead, they came together and made a substantial offer to buy the air rights themselves: $11 million.
How much is a view worth?
Listing images by Tim Waltman
This “character-rich,” loft penthouse at 244 West 23rd Street offers stylish downtown living with a great Chelsea address that puts you right next to the Highline, art galleries, and everything else the vibrant neighborhood has to offer. But if you don’t feel like venturing out, there’s a huge library to keep you occupied. The one bedroom co-op filled with prewar details was recently renovated and just hit the market for $1.25 million.
East Village photo via Flickr cc; A-Rod photo via Wiki Commons
Just a few weeks ago, 6sqft reported that Yankee legend Alex Rodriguez had added his first New York City property to a growing real estate empire with the purchase of a 21-unit rental building in the East Village with fellow Shark Tank investor and real estate veteran Barabara Corcoran. The new partnership announced a plan to develop a portfolio of multifamily NYC buildings in undervalued neighborhoods. Now, the New York Post reports, the retired third baseman’s A-Rod Corp. has teamed up with real estate investor Ofer Yardeni of Stonehenge NYC and seasoned broker Adam Modlin of the Modlin Group to buy multiple apartment buildings and bulk condo units throughout the city.
Find out more about A-Rod’s new strategy