The Real Deal New York

Scott Resnick’s SR Capital files firm’s first development plans

January 11, 2013 05:00PM
By Adam Pincus

Scott Resnick and 551 West 21st Street

Scott Resnick, a member of one of New York City’s dynastic real estate families, filed his company’s first building plans, for a 19-story residential tower in West Chelsea.

SR Capital filed plans with the city’s Department of Buildings yesterday to construct the building at 551 West 21st Street on the corner of 11th Avenue that has a total of about 161,642 square feet. Most of that is residential space for 44 apartments, but it also includes 8,896 square feet of commercial space, the filings said.

The project is the first for SR Capital since Resnick launched the firm in 2007, a year before the real estate market collapsed. Resnick declined to comment for this article.

SR Capital purchased the site from a Connecticut firm called Citizens Capital on Oct. 15 for $32 million, and then bought $22.1 million in additional air rights from neighboring properties including the Albanese Organization’s former Chelsea Art Museum building at 556 West 22nd Street, city records show.

Resnick is the former president of the family’s development firm, Jack Resnick & Sons, and while there developed projects such as the 258-unit condominium project at 200 Chambers Street in Tribeca, and the rental tower at 250 West 50th Street in Midtown. His father is Burton Resnick, CEO of Jack Resnick & Sons.

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