102-116 Eighth Avenue
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102-116 Eighth Avenue

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October 2, 2018

To lure Google workers, investors drop $83M on a block of Chelsea apartments

Real estate investors Dalan Management Associates and Elion Partners announced a joint venture on Tuesday to acquire eight adjacent buildings in Chelsea for $83 million. The buildings, which run along Eighth Avenue from West 15th to West 16th Streets, contain 102 multi-family units and 10 ground-floor retail spaces known as the Chelsea Collection. Because the property sits directly across from Google headquarters, developers hope to attract workers from the tech giant, Crain's reported.
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