The Real Deal New York

Arker converting Chelsea commercial property into supportive housing project

Developer files plans for 14-story building at 211 West 28th Street

April 09, 2015 05:15PM
By Rey Mashayekhi

Allan Arker

From left: 211 West 28th Street in Chelsea and Allan Arker

Affordable housing developer Arker Cos. plans to convert a Chelsea commercial property at 211 West 28th Street into a 14-story, 37-unit residential building, according to permits filed Thursday with the Department of Buildings.

Arker seeks to redevelop the existing six-story, 13,338-square-foot office and retail space into a roughly 24,600-square-foot supportive affordable housing building, according to the filing.

The development will feature three apartments on each of the second through 12th floors and two apartments on both the 13th and 14th floors. There will be retail space on the ground floor.

Arker and Chelsea Leaf South Housing Development Fund acquired the property, located between Seventh and Eighth Avenues, from Sun Wansam Realty Corp. for $15.2 million in February.

Arker did not respond to requests for comment.

In June, Arker acquired a large South Bronx affordable housing portfolio from Two Trees Management, as The Real Deal reported.