Here’s what we know about the buildings affected by the Chelsea explosion

Bomb detonated feet from former Ring portfolio building and a planned 35-story residential tower

TRD New York /
Sep.September 19, 2016 04:20 PM

Despite a powerful explosion that sent shrapnel flying across Chelsea and injured 29 people Saturday night, the buildings surrounding the blast on West 23rd Street were largely undamaged.

“The Department of Buildings inspected a number of buildings in the adjacent area, and determined that they were not structurally compromised by the explosion,” a representative from the DOB told The Real Deal on Monday.

The homemade pressure cooker device detonated Saturday night in a dumpster outside of 131 West 23rd Street, a boutique hotel owned by Jeffrey Dagowitz’s JHG Holdings. Dagowitz, who bought the building for $11.3 million last year and is planning a new 35-story residential building at the site, was not immediately available on Monday for comment. Police evacuated both the five-story bed and breakfast and the neighboring building at 135 West 23rd Street, a 210-unit residence for the blind.

The adjacent property to the west of the Associated Blind Housing, at 155 West 23rd Street, was part of the 14-building Ring portfolio purchased by Extell Development TRData LogoTINY and sold to Newark, New Jersey-based Edison Properties in September 2015, property records show. Extell also sold the ground lease to the 12-story Chelsea property for $57.3 million to the Kaufman Organization that same month. Kaufman has planned a $10 million dollar renovation of the dilapidated 82,000-square-foot office building. A representative for Kaufman confirmed there was no damage to the property.

At 123 West 23rd Street, the site of the long-closed Church of St. Vincent De Paul, police were sorting through debris on Saturday night. That site, owned by the Archdiocese of New York, is expected to be sold to developers pending final approval in Rome, the Wall Street Journal reported.

A second pressure cooker device was found in a white garbage bag on West 27th Street between Sixth and Seventh avenues, but didn’t detonate.

One suspect, identified as Ahmad Khan Rahami, 28, was arrested in Linden, N.J., following a gun battle with police in which he was shot multiple times.

Law enforcement officials believe Rahami was also responsible for a backpack full of pipe bombs found in Elizabeth, New Jersey late Sunday night. Federal and local authorities are still investigating the incidents, and it hasn’t yet been labeled an act of terrorism.

Since 2002, businesses have the option to participate in the Terrorism Risk Insurance Program, a federal reinsurance backstop for losses caused by large-scale terrorist attacks. After lapsing briefly in 2014, the program was reauthorized through 2020. In 2016, losses must exceed $120 million in order for a company to be eligible for compensation through the program.


Related Articles

arrow_forward_ios
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

Jason Lee and a rendering of 517-523 West 29th Street

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

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

206 West 17th Street, 116 7th Avenue, and Extell Development’s Gary Barnett (Credit: Google Maps)

What rich people in NYC will pay to keep their view: TRD analysis

Extell Development's Gary Barnett (Credit: Getty Images and iStock)

Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower

Dream Hotel Group's Sant Singh Chatwal (left) and Charles Holzer (right) and 355 West 16th Street (Credit: Getty Images and Google Maps)

Land under Dream Downtown hotel sells
for $175M

From left: Jamestown’s Michael Phillips with the Milk Building at 450 West 15th Street and Google’s Sundar Pichai with the Chelsea Market building at 75 Ninth Avenue (Credit: Google Maps; Phillips via CoStar; and Pichai via Getty)

Google scoops up another Jamestown property in Chelsea for $600M

GDS is bringing another office building to Chelsea

GDS is bringing another office building
to Chelsea

arrow_forward_ios