Developer Ziel Feldman’s HFZ Capital Group signed a contract to buy three adjacent parcels in Chelsea where it plans to build an approximately 100,000-square-foot, mixed-use building rising on both sides of the elevated High Line park, Feldman told The Real Deal.

The two-towered project will have about 90,000 square feet of residential space — condominiums with the possibility of some rentals as well — rising both east and west of the tracks, and at least 10,000 square feet of retail that will pass under the High Line with frontage on 10th Avenue.

“It is one of the better sites in the city as it straddles both Chelsea and the Meatpacking District,” Feldman, the company’s chairman, said. “Both communities have become residential where demand has been soaring.” … [more]

Workout specialist Eric Anderson says new partnership with Tamarkin will also focus on other properties in distress

One Madison Park, Cary Tamarkin

Developer Cary Tamarkin
and workout specialist Eric Anderson have been retained to help
complete the construction of One Madison Park, the Flatiron condominium
projec… [more]

As expected, the slew of high-end residential developments surrounding the High Line have been capitalizing on the buzz surrounding the new elevated park in their marketing campaigns, and one year after it’s opening, brokers say that strategy is paying off. “A good percentage of our calls are from people literally on the High Line,” said Millie Perry of Stribling & Associates, who is marketing 456 West 19th Street, a new condo located across 10th Avenue from the High Line, which currently stretches from Gansevoort to 20th streets. According to Stephen Kliegerman, executive director of Halstead Property Development, which is selling +aRt on 540 West 28th Street, the average price per square foot for new condos along the High Line climbed to $1,351 in 2009 from $1,088 in 2006. When the High Line’s second phase opens next spring between 20th and 30th streets, Kliegerman is hoping +aRt will help continue that trend. [Post] 

… [more]

As expected, the slew of high-end residential developments surrounding the High Line have been capitalizing on the buzz surrounding the new elevated park in their marketing campaigns, and one year after it’s opening, brokers say that strategy is paying off. “A good percentage of our calls are from people literally on the High Line,” said Millie Perry of Stribling & Associates, who is marketing 456 West 19th Street, a new condo located across 10th Avenue from the High Line, which currently stretches from Gansevoort to 20th streets. According to Stephen Kliegerman, executive director of Halstead Property Development, which is selling +aRt on 540 West 28th Street, the average price per square foot for new condos along the High Line climbed to $1,351 in 2009 from $1,088 in 2006. When the High Line’s second phase opens next spring between 20th and 30th streets, Kliegerman is hoping +aRt will help continue that trend. [Post] 

… [more]

456 West 19th Street

A surprisingly, even surreptitiously good building has just arisen at 456 West 19th Street, off 10th Avenue. Developed and designed by Cary Tamarkin, the West Chelsea condominium which sits directly on the High Line, appears at first to be a building like many others in Chelsea. So traditional is the brick work façade, which recalls the pared down style of the 1930s, that I initially wondered if the developer was merely repairing a building that had been there for decades without my realizing it. Or perhaps the jazzy ziggurated setbacks at the summit were simply added to a preexistent structure. But no, the whole thing was designed and constructed from the ground up over the past two years. What stands out about the building is its infallible sense of proportion. The building is comprised of 22 duplex condo units within its eight-story cubic base and four-story setback, recalling the typology, if not the design, of such artist-run studio buildings of an earlier era as the Hotel Des Artistes at 1 West 67th, the Gainsborough Studios at 222 West 59th and 44 West 77th Street, in the way in which the windows are deployed across the façade. … [more]

One of the new projects near the architect’s row in Far West Chelsea boasts one man as both architect and developer. “People love architects,” notes Cary Tamarkin, the designer of the boutique condo at 456 West 19th Street, one of the latest projects directly on Manhattan’s High Line. “Everyone knows that architects are noble and spend time making things beautiful.” “I worked super hard to make a building that is kind of outrageous,” he says. But Tamarkin is also the project’s developer, as he has been for all of his projects during the last 14 years. And everyone knows that developers are “greedy, money-hungry, food-spitting” miscreants obsessed with keeping costs down, he says.  more

The first section of the High Line opened last month, and brokers at residential projects in the area say sales traffic has increased as people rush to the West Side to see the elevated park. The Real Deal’s Jovana Rizzo toured the High Line last week and talked to the brokers at Chelsea Modern, 520 West Chelsea and 456 West 19th Street about how they are using the new park’s hype to market their buildings and why it is a draw for buyers. Click on the video to watch the Webcast.