The Real Deal New York

Six Sigma to test market for 61-unit High Line condo

Developer bought the site for $55M last year

March 31, 2016 10:01AM
By Ariel Stulberg

Jason Lee

Jason Lee and 517 West 29th Street, with a proposed rendering (credit: Six Sigma)

Jason Lee’s Six Sigma NYC is moving ahead with its condominium plans on the High Line.

The developer filed a CPS-1 application with the Attorney General’s Office for the planned 61-unit project with ground floor retail, to be known as the Chelsea Highline Condominium.

If the application is accepted, Six Sigma will be allowed to produce basic marketing materials and pricing for the project to gauge potential demand, but not to actually sell units.

Lee’s firm bought the site, located at 513-527 West 29th Street, late last year, paying $55 million to self-storage mogul Nicholas Sprayregen. The site, which has 74,000 square feet of buildable space, is currently home to a six-story Tuck-It-Away storage facility.

Six Sigma hasn’t yet filed demolition or building permit applications with the Department of Buildings.

The developer didn’t immediately return a request for comment.

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