Alfa Developments had planned a 12-story residential building at a former Hershey factory in Chelsea. But now those plans have been scraped and the West 21st site is back on the market for $30 million.
Alfa purchased the site, located at 117-119 West 21st Street between Sixth and Seventh avenues, in late 2012 for just $12 million. Originally, the firm planned to convert this site into eight full-floor condos, as well as two duplexes. [more]