Chelsea | The Real Deal New York

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Chelsea

Chelsea
New York, NY 10011

Chelsea is a neighborhood on the west side of Manhattan, bounded by 14th Street, 30th Street, the Avenue of the Americas (Sixth Avenue), and the Hudson River and West Street. The neighborhood was known for its gay and lesbian residents and art galleries, but this characteristic has given way to high-end condominiums populated by transplanted urban professionals as rents and land prices have risen across New York City. JDS Development converted The Walker Tower, an old Verizon building at 210 West 18th Street into upscale condominiums. In 2010, internet search giant Google acquired a warehouse-to-tech office conversion at 111 Eighth Avenue that was at one time owned by The Port Authority of New York and New Jersey. The rent-stabilized residents of The Chelsea Hotel on 23rd Street have so far resisted the efforts of a series of developers hoping to conduct a condo-conversion at the cultural landmark. -TA

  • Address Chelsea
  • neighborhood Chelsea
  • borough Manhattan

01/21/19
...rendering of Edition Times Square at 20 Times Square, Chelsea Hotel at 222 West 23rd Street, TWA terminal hotel at JFK (Credit: PBDW Architects, Wikipedia...

01/21/19
...firm is behind the Jardim condominium in West Chelsea, a 36-unit building on the High Line. (Centaur is also developing the Battery Maritime...

01/17/19
...new leases for a combined 80,000 square feet in Chelsea. The biggest deal was the firm’s 51,000 square feet at 27 West 23rd Street, where...

01/17/19
...for Toledano’s $41.5 million purchase of a 39-unit Chelsea rental building. He initially sought to build a two-floor, 20-unit addition, which would have...

01/16/19
UPDATED, Jan. 17, 12:00 p.m.: New York City investment sales within the $20 million to $30 million range included the Greater Jamaica Development Corporation selling its...

01/16/19
...a $65 million purchase of a development site in Chelsea, in which he and partners were said to have considered building a WeLive from...

01/15/19
...New York campus at 259 10th Avenue in West Chelsea. Yearly tuition at the school, which includes including MacBooks and iPads, costs $56,400. The opening...

01/15/19
...Street The Related Companies’ assemblage play in West Chelsea, south of its Hudson Yards megaproject, has been one of the most expensive such...

01/14/19
HLW, the architecture firm that worked on Google’s renovation at 111 Eighth Avenue, is moving to the Penn Station area. The firm has signed a...

01/14/19
Icon Realty Management refinanced nine Manhattan buildings with JPMorgan Chase, records filed with the city Monday show. The buildings include a mix of residential and...

01/13/19
...last year with its $2.4 billion acquisition of the Chelsea Market in New York City. One Westside The shuttered Westside Pavilion mall will soon...

01/10/19
Compass has hired another grizzled veteran broker as part of its push into New York’s commercial markets. The brokerage last month hired office leasing broker...

01/08/19
...strategies and cut prices at their 19-unit West Chelsea condo project. Sales for "the first handful of units" at 550 West 29th Street are...

01/08/19
...GM Building in 2008, the $2.4 billion buy of the Chelsea Market building and the $2.21 billion deal for 245 Park Avenue in 2017. WarnerMedia purchased its office...

01/08/19
...Frank Ng for a hotel he's planning in Chelsea, at 132 West 28th Street, and provided acquisition and construction financing to Richard Lou's LCRE...

01/08/19
...Brodsky Organization has developed 80 buildings across Manhattan, including Chelsea Enclave, the Concerto at 200 West 60th Street, 75 West End Avenue, and 135 East 79 Street. In...

01/03/19
...Sam Chang's McSam Hotel Group just sold a Chelsea development site for almost double what it paid for the property about a year...

01/02/19
...followed by our big scoop on Google buying Chelsea Market for more than $2 billion, the most expensive building purchase of the year and...

01/01/19
...the firm’s director of sales for the Chelsea and Tribeca offices. Sellers usually don’t pay for room renovations in high-end properties...

01/01/19
...months, landing a $235 million construction loan for a Chelsea rental project and paying $46 million for a Tribeca condo development site. In an Israeli...

...followed by our big scoop on Google buying Chelsea Market for more than $2 billion, the most expensive building purchase of the year and...

...new David Zwirner Gallery on West 20 Street in Chelsea. 21 East 12th Street (Credit: Wordsearch) One would never have expected this degree of discipline...

...firm is behind the Jardim condominium in West Chelsea, a 36-unit building on the High Line. (Centaur is also developing the Battery Maritime...

12/31/18
...In February, Google — which already held dominion over Chelsea and the Meatpacking District — moved to buy the Chelsea Market building from Jamestown for...

12/31/18
UPDATED: Dec. 31, 5:40 p.m.: Douglas Elliman CEO Dottie Herman — who partnered with Howard Lorber 15 years ago to buy New York City’s largest...

07/11/16
...of the Robert Fulton public housing complex in Chelsea. The mixed-income rental project was first planned 12 years ago under the Bloomberg administration, but...

...least six addresses across Manhattan’s Financial District, Chelsea and Hudson Yards neighborhoods that are currently receiving the 421a benefit and four buildings...

...commercial development project at 540 West 26th Street in Chelsea. While more deals do equal more financings, there may be a silver lining for...

01/08/16
...office and retail building at 76 11th Avenue in Chelsea, where it will also submit plans for 300 condo units in a separate tower. Woods...

01/04/16
...Village,Joseph Chetrit And 257 West 34th Street in Chelsea 1.) Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management purchased one...

...on an area along the Hudson River in Chelsea. In 1993, developer Irwin Cohen paid $9 a square foot for a rundown complex on that...

12/28/15
...steel, the developers of 475 West 18th Street in Chelsea haven’t heard about it. The Chelsea residential condo building will be constructed entirely...

...-building, 979-unit Manhattan package, which is scattered through Chelsea and the Upper East Side. “When it came to pulling the trigger, they couldn...

10/22/15
...for 66,000 square feet at 142 West 24th Street in Chelsea, one of the properties in the 14-building Ring portfolio that it purchased in 2014.  Barnett's...

10/14/15
...listings on Airbnb for that area. In Midtown, Chelsea and the Meatpacking District, of 2,787 listings total, between 265 to 503, or 10 to 18 percent, are commercial...

...office space (with an option for expansion) in Chelsea. The San Francisco-based company, which has raised $8.2 billion since 2013, pays a mere $36 per square...

...Manhattan are seeing an influx of new condos. Chelsea and Midtown West are each expected to see roughly 2,500 new condos hit the market...

...th and 19th floors of Walker Tower in Chelsea that were together asking $60 million. The units are owned by developers Elliott Joseph and...

...Whittle, who founded the Avenues private schools in Chelsea. The listing came on the market in November with Peter Turino, the president of...

...more on the way, including 23,000 square feet in Chelsea that it leased last month. While most of its spaces are in Midtown or...

...and Property Markets Group’s Walker Tower in Chelsea. The company has 2,121 units across 35 projects. Standing out from the pack “I’d say...

Midtown Manhattan
...represented Google in its two expansions at the Chelsea Market. The cutting-edge tenants who sign in the area “don’t want to walk...

...a block away from the High Line in Chelsea: The Norman Foster-designed 551 West 21st Street. Sales at the project, which is being developed...

...by the residential towers of Battery Park City. Chelsea/High Line 542 West 21st Street Developer: Casco Development Price per square foot for site...

...square feet to its space at Jamestown Properties’ Chelsea Market for rents in the mid-$60s per square foot. The average asking rent...

...for 60,919 square feet at 249 West 17th Street in Chelsea. The deal was signed in October, and Room & Board will open in the...

...Broadway. Meanwhile, 45 percent of the space leased in Chelsea was taken by tech firms this year. In Midtown South overall, 38 percent of the...

...among the most heated of these areas are Chelsea, Tribeca and the Upper East and Upper West Sides. Indeed, all of Manhattan’s...

...some rentals that it built, such as the Chelsea Landmark on West 25th Street and Sixth Avenue. Still, less than 20 percent of its...

...available for-sale units in 2012 (see "Midtown West, Tribeca, Chelsea rank as Manhattan 'hoods with steepest inventory plunge"). “The Lower East Side and East...
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FirstResidential
...buildings across the city can be found in Chelsea, Downtown or on the Upper West Side. View the full report online here. Luxury...

...Rents in Midtown, Chelsea and Hell’s Kitchen would drop by around $39 to $67 a month if Airbnb rentals...

...million. The priciest contract signed was for a Chelsea penthouse at the Walker Tower Condominium, listed for $50.9 million. The sale was also one...

...Manhattan, new development sales were most active in Chelsea, while  Boreum Hill and Cobble Hill led new development sales in Brooklyn during the...