The Real Deal New York

Posts Tagged ‘High Line’

  • Gardner-rendering

    Rendering of 500 West 21st Street

    The architectural firm of Kohn Pedersen Fox recently announced the completion of the main foundation work for 500 West 21st Street, which will soon begin to rise over the High Line Park. This newest building is being developed by Sherwood Equities and will contain 32 units, ranging from one to four bedroom condominiums. [more]

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  • From left: Domingo

    From left: Domingo Zapata’s planned mural and 446 West 14th Street

    Following a failure to secure city approval, Town Residential is scrapping plans to install a colorful floral mural outside the brokerage’s High Line-adjacent outpost.

    The firm reportedly canceled the project this week without telling the artist, Spanish-American painter Domingo Zapata, according to DNAinfo. [more]

  • 515 West 29th Street

    515 West 29th Street

    The Bauhouse Group plans to turn a High Line-adjacent commercial building into a residential property — and a gut-renovation toward that end is already underway.

    Bauhouse closed on the 35,000-square-foot, six-story property at 515 West 29th Street in September, and plans to construct a rooftop addition that will give the building an additional 40,000 square feet. Bauhouse paid $24.4 million for the existing building, but shelled out another $6 million in the last of three air rights deals last week, enabling the additional square footage. [more]

  • 505 West 19th Street rendering

    505 West 19th Street rendering

    Developers are constructing a slew of residential towers designed to frame the High Line in increasingly offbeat ways. [more]

  • 104-114-8th-ave

    104-111 Eighth Avenue

    More than 12 businesses along Eighth Avenue between West 14th and West 23rd streets shuttered last year and early this year as retailers struggle to pay rising rents.

    The result is many empty storefronts lining the Chelsea stretch. The bar Rawhide at 212 Eighth Avenue; clothing shop Camouflage at 139 Eighth Avenue; and Pinkberry at 170 Eighth Avenue are gone. Rawhide’s rent jumped to $27,000 per month from $15,000 per month, leading the owners in March 2013 to leave the space, which has not yet been filled. [more]

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  • Hudson River Park

    Hudson River Park

    The financially strapped trust that controls the Hudson River Park is looking into the possibility of selling the air rights at seven piers.  Trust officials believe those sales could help generate nearly half a billion dollars for key infrastructure projects in the city.

    The Hudson River Park Trust believes that underutilized parcels along 12th Avenue would be ripe for development were air rights to be sold, given their proximity to Hudson Yards and the High Line. Many of these parcels are government-owned, including a U.S. Postal Service facility on West 24th Street. [more]

  • Amanda Burden and the High Line

    Amanda Burden and the High Line

    Outgoing City Planning Commissioner Amanda Burden singled out the High Line on Manhattan’s Far West Side as the highlight of her 12-year stint with the Bloomberg administration – and said she would stick with her current boss even after he leaves office. [more]

  • From left: A rendering of the Spur, Titan's Goblet by Thomas Cole

    From left: A rendering of the Spur, Titan’s Goblet by Thomas Cole

    What is the Spur? Slightly reminiscent of the Titan’s Goblet in Thomas Cole’s famous painting of that name, it looks like a massive cup or bowl that has been left in nature for a thousand years and is overrun with vegetation. Ferns and strange grasses tumble over the sides, while trees rise from the center of the structure, above a sequence of rounded steps that also serve as seating. [more]

  • An aerial view of the High Line site and Edison Properties chairman Jerry Gottesman

    An aerial view of the High Line site and Edison Properties chairman Jerry Gottesman

    Edison Properties is paving the way for a development project near the High Line by replacing thousands of pounds of contaminated soil at the site.

    The full-block site, located between West 17th and 18th streets from 10th to 11th avenues, was once home to a gas processing plant which released industrial byproducts into the soil below. HLP Properties, a division of Edison, began work last week to replace the soil, and hopes to build a mixed-use structure at the site, according to HLP executive Anthony Borelli. [more]

  • milk

    450 West 15th Street and Kyle Ciminelli

    Jamestown Properties has signed up biopharmaceutical firm Intercept as a new tenant at the Milk Studios building, a 281,000-square-foot, eight-story office property bordering the High Line in the Meatpacking District.

    Intercept, which develops medicine to treat chronic liver disease, agreed to a 10-year, 11,124-square-foot lease for part of the fifth floor at 450 West 15th Street between Ninth and 10th avenues. The deal includes a commitment to expand by 9,500 square feet next year. Rent starts in the low-$70s per square foot in the second year, after one year of free rent. [more]

  • pep2

    515 West 29th Street

    A real estate mogul with links to a fallen Connecticut development giant has acquired a commercial building with residential potential near the High Line for $24.35 million, according to public records filed with the city.

    Joseph Beninati, one of the founders of Greenwich-based Antares, a real estate development and private equity company, signed the deed for 515 West 29th Street, records show. Antares is the developer behind such commercial office towers as 100 West Putnam Avenue in Greenwich, Conn., which it lost to Torchlight Investors last year after they defaulted on loans. [more]

  • 508-west-24th

    Penthouse A’s kitchen at 508 West 24th Street, and building exterior

    A second penthouse at Cary Tamarkin’s boutique mixed-use development in Chelsea hit the market today, asking $12.5 million, a spokesperson told The Real Deal. See the floorplan and new renderings — provided exclusively to TRD — after the jump.

  • An interior rendering of 522 West 29th Street (Image via Montroy Andersen DeMarco)

    An interior rendering of 522 West 29th Street (Image via Montroy Andersen DeMarco)

    Blackhouse Development’s West Chelsea luxury condominiums will feature premium amenities such as private pools and extra-high ceilings to lure high-end buyers, DNAinfo reported. [more]

  • 520-West-28th-Street-rendering---courtesy-of-Related-Companies-and-Zaha-Hadid-Architects

    520 West 28th Street rendering (Credit: Related and Zaha Hadid)

    Architect Zaha Hadid is taking another giant leap with the design for 520 West 28th Street, a condominium development from the Related Companies next to the High Line. [more]

  • alternate<br /></a>text
    A rendering of a 508 West 24th Street living room

    UPDATED, 2:24 p.m., July 1: Architect and developer Cary Tamarkin is on the brink of launching sales at his latest project, the mixed-use development at 508 West 24th Street in West Chelsea. While he has remained tight-lipped about pricing and unit breakdowns, Tamarkin shared newly released renderings of the apartments with The Real Deal. See the exclusive images after the jump.

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  • shvo-pic-final

    Michael Shvo and the West Chelsea site

    Michael Shvo, the bad boy marketing maven who made his name during the real estate boom by hosting celebrity parties and spearheading over-the-top marketing campaigns, posed for a Wall Street Journal photographer on the High Line earlier this month in a dark suit and a crisp white shirt, his hair slicked back. [more]

  • Michael Shvo and the High Line

    Michael Shvo, one of the highest-flying Manhattan brokers during the real estate boom who then disappeared from the market, is making a comeback as a developer, the Wall Street Journal reported.

    Shvo, with developer Victor Homes, beat out competitors to acquire 239 Tenth Avenue, a gas station site at Tenth Avenue and West 24th Street overlooking the High Line.The property was listed for $18.95 million, but the partnership ended up paying $23.5 million – or a record-setting $800 per buildable square foot – Victor’s Ran Korolik told the Journal. The partnership is also in talks to secure additional air rights, he added. [more]

  • A water tower in Chelsea (Credit: Night Heron Speakeasy)

    RWN Real Estate Partners paying $3.8 million for 328 Bowery condo. Speakeasy in Chelsea water tower is far from underground. Seagate Beach Club in Coney Island to open in summer. High Line painting elevates dining experience at Colicchio & Sons in Chelsea “Improvements” to Penn Station would be hardly that: OPINION. Read these stories and more after the jump.

  • The High Line

    As new developments rise along the High Line in West Chelsea, families are flocking to them, the New York Times reported.

    A lack of family-sized apartments Downtown has sent prices for luxury condominiums surging past those of Uptown and Midtown. One of the most sought-after neighborhoods is West Chelsea, as the High Line’s elevated parkland continues to drive development. [more]

  • High Line copycats

    March 18, 2013 04:30PM

    The High Line

    From the March issue: High Line history: In 1999, the Friends of the High Line began lobbying to redevelop 1.45 miles of elevated rail line on Manhattan’s West Side. Twelve years and some $152 million later, the first two sections of the High Line opened. The $90 million, third section is slated to open in 2014. (See more after the jump)