West 28th Street development site hits market

TRD New York /
Dec.December 19, 2011 02:00 PM

A prime West Chelsea development site could be home to a new hotel, Crain’s reported.

The 12,083-square-foot parcel, which is right now home to a seven-story, mixed-use loft building, also comes with air rights from nearby properties, James Nelson, a partner at Massey Knakal Realty Services, which has been retained exclusively to market the site, told Crain’s.

The buildings at 146-148 West 28th Street and parking lot at 140-144 West 28th Street offer 170,000 feet of buildable space, Crain’s said, and so could make the perfect site for a new hotel, as many other have sprung up in the area of late — such as the Ace Hotel and Hotel Eventi — and New York City seems to be able to absorb an inexhaustible supply of lodging.

The site can be sold all together or cut up and sold separately. It is attracting foreign and domestic investors, Nelson told Crain’s. There is no asking price. [Crain’s]


Related Articles

arrow_forward_ios
Bed Bath & Beyond at 620 6th Avenue and CEO Mark Tritton (Google Maps; Getty; iStock)

Bed Bath & Beyond will renovate, not close, Chelsea store

Bed Bath & Beyond will renovate, not close, Chelsea store
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
Clockwise from left: 432 West 19th Street, 61-15 Metropolitan Avenue in Ridgewood, 45 West 39th Street and 1518 Macombs Road in the Bronx (Google Maps)

Charter school shells out $21 million for Bronx parcels

Charter school shells out $21 million for Bronx parcels
357 West 17th Street (Douglas Elliman)

Chelsea manse once listed for $37M sells after 41% price chop

Chelsea manse once listed for $37M sells after 41% price chop
From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

Feil Organization buys Chelsea office building for $72M
Clockwise from top left: 3860 Nostrand Avenue in Brooklyn, 50 Manhattan Avenue and 250 and 254 West 23rd Street (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Here’s what the $10M-$30M NYC investment sales market looked like last week
Jason Lee and a rendering of 517-523 West 29th Street

Developer Jason Lee accused of defrauding investors at High Line condo project

Developer Jason Lee accused of defrauding investors at High Line condo project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...