search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debtCreditors demand WeWork consider Adam Neumann’s offerCreditors demand WeWork consider Adam Neumann’s offerTenant looks to foreclose on Eretz’s 224 West 57thTenant looks to foreclose on Eretz’s 224 West 57th
Residential
New York

Arker converting Chelsea commercial property into supportive housing project

Developer files plans for 14-story building at 211 West 28th Street

Allan Arker
From left: 211 West 28th Street in Chelsea and Allan Arker

Affordable housing developer Arker Cos. plans to convert a Chelsea commercial property at 211 West 28th Street into a 14-story, 37-unit residential building, according to permits filed Thursday with the Department of Buildings.

Arker seeks to redevelop the existing six-story, 13,338-square-foot office and retail space into a roughly 24,600-square-foot supportive affordable housing building, according to the filing.

The development will feature three apartments on each of the second through 12th floors and two apartments on both the 13th and 14th floors. There will be retail space on the ground floor.

Sign Up for the undefined Newsletter

Arker and Chelsea Leaf South Housing Development Fund acquired the property, located between Seventh and Eighth Avenues, from Sun Wansam Realty Corp. for $15.2 million in February.

Arker did not respond to requests for comment.

In June, Arker acquired a large South Bronx affordable housing portfolio from Two Trees Management, as The Real Deal reported.

Tags
Affordable HousingChelsea