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Related Companies has announced that famed architect Robert A.M. Stern’s renderings are out for the West Chelsea development site they bought in October, 2017. The property on West 23rd Street and 11th Avenue was formerly the site of U-Haul.
Stern previously designed the Abington House rental building that Related developed at West 30th Street with Abington Properties. He is perhaps best known for his large-scale condominium and apartment building projects in New York City, which include 15 Central Park West, 20 East End Avenue, The Chatham, and The Brompton.
The site includes the storage building at the corner, plus two other lots facing 23rd Street and another fronting the other side of the block on 22nd Street. U-Haul will hold onto its truck storage garage, but sell off 70,000 square feet of air rights above the property.
When finished, the development will include a tower overlooking Hudson River Park and a low-rise portion next door and will offer both residential and retail space.
For the full article, please click HERE
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.
Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.