LuxuryBlurb
Posts Tagged ‘west chelsea’
Wednesday, May 1st, 2013
Posted by Leonard Steinberg on May 1st, 2013
The illustrious LUKOIL site at 239 Tenth Avenue at the corner of 24th Street in the heart of the West Chelsea Arts District has supposedly gone to contract after multiple bids…..and it appears the price was several million dollars over the asking of $ 18,95million.
The site next to 245 Tenth Avenue (those owners must be celebrating!) has always been somewhat of a blight for a rather attractive block, filled with art galleries such as Gagosian, and residential buildings soon to be joined by 560 West 24th Street, the Adam Gordon/Tavros-developed building alongside 200 11th Avenue, and Cary Tamarkin’s 508 West 24th Street diagonally opposite this site. If this site, separated from the Highline Park by a sliver of 245 Tenth Avenue housing Bryce Wolkowitz’ gallery does indeed get developed as a condominium, it will boost the value of the entire area that has become most recently famous by the addition of AVENUE’S private school.
Is the CARWASH next?
Friday, August 3rd, 2012
 Posted by Leonard Steinberg on August 3rd, 2012
At last AVENUE’S SCHOOL may now have that one element to get it the press it so richly deserves….a celebrity! Lets face it, without some sort of celebrity content or affiliation, the press is just not that interested anymore in our Kardashianesque world.
The rumor is that Tom Cruise and Katie Holmes’ daughter Suri will be attending this school. That should satisfy all the media outlets to maybe now take a closer look at this remarkable addition to the West Chelsea mix.
Wednesday, June 13th, 2012
 Posted on June 13th, 2012
Matt Amico reports that another apartment has sold for a record price at The Caledonia, located at 450 West 17th Street, the full service, Taconic/Related-developed building in West Chelsea abutting the Highline Park.
Closed for $ 5,35 million (that’s over $ 2,400/sf) this sale proves yet again how the high-floor mega-view units at The Caledonia trade at a premium, setting pricing records even when compared to more ‘big-name’ buildings with river and park frontage and more daring architecture. Why is this? Is it the true full services delivered? Is it the West Chelsea location that also benefits from close proximity to subways, the Meat-packing District, Chelsea market and the Hudson River Park? Is it the parking? It’s walking distance to the GOOGLE offices?
“Maybe it’s all of the above,” says Matt Amico, a Vice President of Prudential Douglas Elliman, Luxuryloft team member and building specialist who also is a building resident. “Views, location and quality of services always produce a premium: this apartment had it all.”
Tuesday, May 29th, 2012
 Posted by Leonard Steinberg on May 29th, 2012
More exciting news from the West Side…..Another new building is being planned by Gary Barnett, developer of One 57, at the Hudson Yards, the mega development north of West Chelsea experiencing a revolution mostly because it will be connected to Times Square by the # 7 subway extension and to West Chelsea and the Meatpacking District via the Highline Park. (More evidence that a major infrastructure investment can fuel mega-development.)
Extell has hired Jones Lang LaSalle to find tenants for the 56-story, 1.7 million square office tower to rise on the east blockfront of 11th Avenue between W. 33rd and 34th streets, just across the Street from the Javits Center…..of course this will not be built unless they can secure a topnotch major tenant…..we shall see….
Friday, May 25th, 2012
 Posted by Leonard Steinberg on May 24th, 2012
DIA is about to launch an important new arts building in West Chelsea on West 22nd Street: Dia just bought the former Alcamo Marble building at 541 West 22nd Street in Chelsea for $11.5 million. That building sits between its former space at No. 545, and its existing six-story building at No. 535. With this additional site Dia can build a substantial 22,000-square-foot Manhattan home. In 2004 Dia closed its two Chelsea galleries (its main operations were across the street at 548 West 22nd Street), saying it had outgrown the buildings. Dia rented one of them to the Pace Gallery with a lease that ends in June.
Dia has chosen Roger Duffy, a partner at Skidmore, Owings & Merrill, to be the architect: The new Dia will include 15,670 square feet of gallery space and 3,625 square feet of rooftop for outdoor exhibitions like Dan Graham’s “Rooftop Urban Park Project,” a 1991 architectural pavilion fashioned from two-way mirrored glass that was originally installed on the roof of No. 548.
Plans call for creating a single building with a masonry-and-glass facade along the north side of West 22nd Street. It will consist of the one-story structure at what is now No. 545; a three-story building that will be erected on the site of the marble works at No. 541, and the ground floor of No. 535. (The other 5 floors of that building will be used for administrative offices or leased to commercial galleries.)
Another significant cultural addition to the West Chelsea Art scene, and an important indicator that the art scene is here to stay.
Wednesday, May 9th, 2012
 Posted by Leonard Steinberg on May 9th, 2012
CVS is coming to the corner of Tenth Avenue and 23rd Street in the new Sam Zell rental building. This ends rumors that a Citarella was coming. While a CVS is certainly not a Citarella, I do think its addition to the neighborhood is extremely useful: Right now West Chelsea residents have to walk quite a distance for a CVS-type store…..and those visiting the HIGHLINE PARK will find it even more useful. Thankfully Forrager’s came to 22nd Street and Eighth Avenue!
Monday, April 30th, 2012
 A new sales price record for West Chelsea: We just closed on an apartment at 200 Eleventh Avenue at $ 2,800/sf.
Monday, April 23rd, 2012
 Posted by Leonard Steinberg on April 23rd, 2012
The 4,675 sf Jean Nouvel penthouse at 100 11th Ave. staged by Aimee Scher has closed for $ 19,4m ($ 4,149/sf). That’s 1/3 the price per square foot of 15 Central Park West’s penthouse making it a relative bargain. With 4,412sf of terraces and unrivalled views: West Chelsea continues to soar…
Thursday, April 19th, 2012
 Posted by Leonard Steinberg on April 19th, 2012
320 8th Ave @ 26th Street, a new 12-story building, will deliver 18,000 square feet of ground floor space, a loading dock for trucks, 200ft of wrap frontage + an 18,000 square foot basement…..perfect for a Target or Walmart? Next to FIT with 200 apartments will be above, ready by end 2012….
Tuesday, March 20th, 2012
 Posted by Leonard Steinberg on March 20th, 2012
Is the ‘affordable’ market being ignored Downtown? It appears so. I have heard that over 600 people have already pre-registered to buy at the Brodsky developed Condop building across from the exquisite Seminary at 422 West 20th Street….and while the pricing is extremely attractive, just a bit over $ 1,100/sf, are buyers turning a blind eye to the $ 2+/sf monthlies (with only a part time doorman), the railroadish low-end layouts with 8ft wide bedrooms, mediocre ceiling heights and small living spaces……or are buyers so desperate to buy at this price-point (and so deprived)that none of this matters? While seemingly all developers focus on large expensive apartments these days, one has to wonder whether 422 West 20th Street will encourage developers to re-think the ‘affordable market’?
After this weekend’s marathon open house hot-cakes buying bonanza we shall see…..
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According to the National Taxpayers Union, about 30% of properties in the U.S. are assessed at higher values than they are really worth. That means their owners pay inflated property tax bills while other taxpayers in their towns reap the benefits.