A new nine-story office building will rise on the West Side Highway on the block between 51st and 52nd streets.
The development – which is expected to cost $300 million and measure roughly 200,000 square feet – is a cooperation between Jack Guttman and Steve Schwartz, according to a release from the developers.
Guttman is also the developer of the Chelsea Arts Tower, a 21-story tower at 545 West 25th Street between Ninth and Tenth avenues, where condos are being sold for $20 million.
The new building will feature ground-floor retail space measuring roughly 35,000 square feet. The upper floors will have 15-foot ceilings, will be between 15,000 and 30,000 square feet.
Kossar and Gary Architects are responsible for the design. Alan Weisman of Lee and Associates is handling leasing and sales. The building will include a new television studio space as well as an event space on the roof top.
The plan is to deliver floors to buyers by the first quarter of 2016, according to the release. – Claire Moses
