Related floats 180 condos for High Line project at 515 West 18th Street

City Planning OK'd a massive expansion of Related's original plans in December

TRD New York /
May.May 17, 2017 12:30 PM

After getting the nod from City Planning to expand the scope of development projects near the Chelsea High Line, Related Companies TRData LogoTINY filed a “test the market” application for 180 condominium units at 515 West 18th Street, New York Attorney General’s office records show.

Related previously filed construction plans for a 63-unit building at 501 West 18th Street. In December, Crain’s reported that the company would pay $5.8 million to the High Line Improvement Fund for the right to develop an extra 116,000 square feet, allowing for the construction of a separate, 22-story tower.

A spokesperson for Related confirmed that the 180-unit application would include condos at both the 501 and 515 West 18th Street developments. According to the City Planning documents cited by Crain’s, the two buildings, separated by the High Line, would be connected by retail running beneath. The total square footage from all the buildings is expected to total 430,000 square feet.

The application with the AG is just a feeler and is not a complete offering plan, so the unit count is subject to considerable change. No further construction plans have been filed, but in November Related filed a demolition application for an existing building at the 515 West 18th Street site.

Related paid a staggering $205 million for the site in 2014. The sellers were investors Barry Haskell and Matthew Resnicoff.

HFZ Capital is developing 300 condos nearby at 501 West 17th Street, and tapped Bjarke Ingels to design the $1.9 billion project.

(To view a chart of submitted condo buildings in Manhattan over the last 10 years, click here)


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

Related is the latest developer to target the Rockaways
Thomas Keller with Bouchon Bakery and TAK Room in Hudson Yards (Taylor Hill/FilmMagic, Bouchon Bakery by David Escalante via Thomas Keller Restaurant Group; TAK Room by John Lamparski/Getty Images for The Conservatory NYC)

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards
From left: Donald Trump (pictured in the 1980s), Steve Ross, Charles Kushner, Harry Macklowe with (inset) Hiten Samtani and Charles Bagli (Getty, Sasha Maslov)

Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz

Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Vornado chairman Steven Roth and Related chairman Stephen Ross (Roth by Misha Friedman/Getty Images; Ross by Mark Brown/Getty Images)

Protesters revisit Steven Roth, Stephen Ross and other NY billionaires

Protesters revisit Steven Roth, Stephen Ross and other NY billionaires
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?
Related's Stephen Ross and Jeff Blau with Hudson Yards (Getty, iStock, Wikipedia Commons)

EB-5 investors to Related Companies: Open your books

EB-5 investors to Related Companies: Open your books
Neiman Marcus at Hudson Yards in New York and Neiman Marcus CEO Geoffroy van Raemdonck (Credit: Neiman Marcus by Noam Galai/Getty Images; van Raemdonck by JOE SCHILDHORN/Patrick McMullan via Getty Images )

Party’s over: Neiman Marcus to close its Hudson Yards location

Party’s over: Neiman Marcus to close its Hudson Yards location
arrow_forward_ios

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

Loading...