Here’s a first look at the Naftali Group’s upcoming 60-unit condominium building sited along 265 West 25th Street in Chelsea. The building will rise 12 stories along a charming tree-lined stretch between Seventh and Eighth Avenues. Residences will range from one to three bedrooms.
Chelsea, Construction Update, New Developments
Naftali Group’s Upcoming Chelsea Condo References City’s Industrial Past, Fri, June 6, 2014
Chelsea, Cool Listings, Interiors
Ensoleillé! Soleado! Soleggiato! Yes, This Chelsea Condo at 520 West 19th Street is Sunny, Thu, May 29, 2014
No matter how you say it there’s no denying the bright and airy appeal of this sun-filled home at 520 West 19th Street courtesy of floor-to-ceiling windows in just about every room and its very own 48-foot long landscaped terrace.
But if you’re looking to soak up your Vitamin D another way, you’re in luck because this Annabelle Selldorf-designed building is perfectly situated between the High Line and the 550 acre Hudson River Park. So whether you’re in the mood to stretch your legs, picnic, sail, kayak, or paddle-board, you’re covered.
See how sunny living here can be!
Chelsea, Recent Sales
Two Penthouses in Chelsea’s Walker Tower Sell for “Just” $30.75M, Fri, May 23, 2014
One lucky (European) buyer scooped up not one but two penthouses in Chelsea’s Walker Tower yesterday for $30.75 million, in what could easily be considered the real estate steal of the year.
Toni Haber of Douglas Elliman, who represented the buyer, told the Wall Street Journal that her client “got a really good deal”, as the two units went into contract back in 2012 before sales shot up. She notes her client paid a mere $5,000 a square foot, which is quite a deal considering that another penthouse in the building recently sold for $50.9 million, or about $8,500 a square foot.
The two penthouses sit at the 22nd floor of the Ralph Thomas Walker-designed Art Deco tower. Word is that buyer opted for the two unfinished units in the building, hired an architect, and worked to fuse the two units into one palatial full-floor apartment with four bedrooms and four full and two half bathrooms, with around 6,000 square feet of space. The apartment also has two terraces and sweeping city views that encompass One World Trade Center and the Statue of Liberty.
Chelsea, New Developments
Proximity to the High Line Yielding Record Breaking Parcel Prices in Chelsea, Fri, May 16, 2014
In the last few days the streets surrounding the High Line in Chelsea have had their fair share of development speculation, with two major developers potentially scooping up sites on West 18th, West 19th and West 24th .
It is rumored the Related Companies may be willing to shell out a whopping $200 million — or $700 per buildable square foot —for the West 18th and West 19th parcels, both currently parking facilities.
But the jaw-dropping $800 per buildable square foot that Michael Stern, head of JDS Development Group, could be spending as part of a joint venture with Largo Investments on the two three-story buildings that now stand at 510-514 West 24th would be a record breaking sum. Recouping that $32 million investment would mostly likely necessitate fairly steep pricing for the finished apartments.
If the deals come to fruition, only time will tell if the appeal of the High Line will be strong enough to support such lofty sums, but the interest of two major development players certainly makes this a location to watch.
[Via Crain’s New York]
Chelsea, Recent Sales, Starchitecture
A Jean Nouvel Chelsea Stunner Sells for $3.8 Million, Mon, May 12, 2014
When Jean Nouvel won the esteemed Pritzker Prize in 2008, the judges cited his “insatiable urge for creative experimentation.” His design of residential building 100 Eleventh Avenue is no exception to the boundary-pushing modern architecture for which he is celebrated. Completed in 2010, the shimmering masterpiece has the most technologically advanced and highly engineered curtain wall systems in the city. Mr. Nouvel describes it as a “vision machine,” and considering its nearly 1,700 panes of glass — some up to 37-feet wide — each a different size and set a different angle, he is justified in doing so.
The 21-story LEED-certified condo building, has 72 units each with south- and west-facing views, floor-to-ceiling window walls, and mechanized shade systems. Every apartment has a unique arrangement of powder-coated steel window mullions, which form specific views related to the space’s location. Unit 5D, which recently sold for $3.8 million through a listing held by Douglas Elliman, looks west onto the High Line and has a spacious, elegant layout.
See the stunning interior this way