Jamestown Properties presented its plan to add 300,000 square feet on top of the Chelsea Market at a community board meting last night, according to Curbed. The scheme includes a nearly 250,000-square-foot Office Space Addition On 10th Avenue side above the High Line and a 90,000-square-foot Hotel On The Ninth Avenue side. As part of the deal, Jamestown will have to contribute more than $16 million into the High Line Improvement fund and would build public restrooms and an event space for the popular attraction.
Last month, Jamestown Properties bought out its partners for $225 million, valuing the property at about $800 million, in order to begin planning additions. [Curbed]