From the November issue: You’ve likely zipped past 250 West Street while driving up the West Side Highway. The former fruit-and-vegetable warehouse has arched windows, iron shutters and the words “West Street” stenciled on its Hudson River-facing façade.
The brick building — which takes up an entire square block between Washington Street and the highway — was for years an administrative space for Citibank. Then, in 2006, it was purchased by the Elad Group, the Israeli developer famous (or infamous, depending on your perspective) for converting the Plaza Hotel into condos.
Elad started construction on converting 250 West into apartments in June 2011, and just one month later, with a good year left on that construction, the units were brought to the market. So far, so good, said Ariana Meyerson, managing director of Cantor Pecorella, which is marketing the property. As of last month, 250 West had sold 25 of its 106 units, with 11 in contract. [more]
