Clockwise from left: Carlyle Group CEO David Rubenstein, 508 West 24th Street and Cary TamarkinThe Carlyle Group purchased an industrial warehouse near the High Line for $16 million, according to public records filed with the city today, hoping to erect a 10-story residential building on the site. The deal closed Dec. 7.

A two-story, 14,440-square-foot warehouse currently stands on the property, at 508 West 24th Street between 10th and 11th avenues. It sits adjacent to the High Line park on a block with 14 art galleries. The seller is media production company MetroVision Production Group, which had owned the site since 1999, according to public records. [more]

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]

The first rental unit at One Madison Park

The first rental unit at One Madison Park, the new Flatiron condominium at 23 East 22nd Street that’s now under the control of a court-appointed receiver, has hit the market for $7,500 per month, according to Curbed. The listing provides a long-awaited peek, above, into what a completed apartment looks like at the critically-acclaimed, if troubled, tower. Only 13 units have closed at the 69-unit condo, which was developed by Slazer Enterprises and is being helped towards completion by developer Cary Tamarkin and workout specialist Eric Anderson, who were hired to advise on the remainder of the project earlier this year. The two-bedroom, two-bathroom unit for rent is 1,328 square feet and open park views from its floor-to-ceiling windows. Halstead Property’s Amy Herman and Nicole Suozzi have the listing. [Curbed]

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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]

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]