The Real Deal New York

HAP to build Chelsea mid-rise apartment complex

December 03, 2013 12:11PM

HAP Investment Developers has unveiled its designs for a 117-unit, 21-story apartment building in Chelsea that will replace longtime soccer pub Smithfield.

American Development Group and Langsam Property Services was in contract to sell the 75-foot wide site at 215-219 West 28th Street at Seventh Avenue in August for $50 million, as The Real Deal reported. Smithfield and a parking lot currently occupy the space.

HAP’s plans call for a property with ground-floor retail and a glass-and-masonry façade, and architect Michael Even is on board to design it. The city denied the first round of permits earlier this year, but new permits are pending, the blog New York Yimby reported. The apartments’ status as condominiums or rentals has not yet been determined.

Massey Knakal Realty Services’ Bob Knakal, who brokered the sale, had said the lot was zoned for a residential development of about 102,800 square feet.

Last month, HAP revealed plans to construct a seven-story apartment complex in Washington Heights. [NY Yimby]Mark Maurer

  • Fred Pastor

    seriously these guys are releasing a building per week. It seems like they are becoming real player

  • Ashley Bete

    Fred, you are right, these guys do seem to have a lot of dry powder. More power to them.

    • fred pastor

      yes kudos to them. we need more serious players…more commission check ;)

  • James Baskrov

    They don’t use their money, it is all money from people who live in Israel and they invest it on their behalf.

    • Ashley Bete

      In 2013 nobody uses their own money James.

      • Florence Kendo

        in 2009 – that is the year they collected money from people and 2010 was the year they started to buy properties.

      • Silvia jones

        You have a mistake – they collected the money in 2009-2010 and started to buy here in 2011…

    • Ann

      True, true, true!! could not have said it better. But have you seen the latest advertisements asking NYer’s for money because of the recent snow in Israel? These people do not seem to have any conscience.