A new residential building may be coming to West 23rd Street next to Citizen condos. While no new building or demolition permits have been filed for the parcel, an eco-friendly design penned by Sven Peters in collaboration with VUW Studio / CastDesignStudios visualizes the site’s full zoning potential. Their 15-story conceptual design targets the “high-end, enviro-hedonist buyer,” yielding a 25,000-square-foot building with 15 full-floor loft residences and ground-level commercial space. Their website notes that the project will be designed under the German Passivhaus environmental standards and will incorporate the latest advancements in energy recovery, infiltration mitigation, and air purification.
The 25-foot-wide building site at 128 West 23rd Street is occupied by a four-story pre-war building whose first level is currently home to Gallery 23, Inc. The building was placed on the market last Spring and was sold shortly thereafter for $4.05 million to 128 West 23rd Street LLC, according to city records. But the ground-level gallery recently posted signs on their storefront stating that they will soon be relocating.
Aerial rendering via CityRealty
The new building will rise directly west of Anbau Development‘s Citizen at 123 West 23rd Street. For an idea of what pricing may be like, that environmentally sensitive, BKSK Architects-designed condominium’s most recent sale was a 2,000-square-foot three-bedroom spread for $5.55 million or $2,168 per square foot. According to CityRealty, the average closing price per square foot for a Chelsea condominium in August stood at $2,290, a 5% increase since July. The Citizen’s sole available unit is a two-bedroom seventh-floor rental for $6,200 per month.
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Neighborhoods : Chelsea