A new 11-story condominium building with 53 apartments is planned for the northeast corner of Eighth Avenue and 28th Street.
The project, which is called "Onyx Chelsea," has the address of 261 West 28th Street.
It is a development of Bronfman Haymes Real Estate Partners, of which Evan A. Haymes is a principal.
FXFowle is the architect. Its other major projects now under construction include The Sky House at 11 West 29th Street.
Earlier this year, Sonnenblick-Goldman arranged a $55 million financing for the acquisition and development of the project, consisting of a $46 million senior loan and a $9 million mezzanine loan provided by separate divisions of a major international commercial bank.
The building, which will have a fitness center, a meditation garden and parking, will replace four buildings located at 362-368 Eighth Avenue.
Mark Ehlinger, a Sonnenblick-Goldman director, said that "Northern Chelsea, NoChe, continues to gentrify as the push for premium retail, work and living spaces grows." The building will include retail on its ground floor.
The new building will have many corner windows and a high fenestration ratio with two setbacks. Its clean-cut modern lines will bear a resemblance to the Urban Glass House designed by Philip Johnson and Alan Ritchie now nearing completion at 330 Spring Street.
A sales office is expected to open next month.
It is across 28th Street from the Fashion Institute of Technology and three blocks south of the Madison Square Garden complex.
The project, which is called "Onyx Chelsea," has the address of 261 West 28th Street.
It is a development of Bronfman Haymes Real Estate Partners, of which Evan A. Haymes is a principal.
FXFowle is the architect. Its other major projects now under construction include The Sky House at 11 West 29th Street.
Earlier this year, Sonnenblick-Goldman arranged a $55 million financing for the acquisition and development of the project, consisting of a $46 million senior loan and a $9 million mezzanine loan provided by separate divisions of a major international commercial bank.
The building, which will have a fitness center, a meditation garden and parking, will replace four buildings located at 362-368 Eighth Avenue.
Mark Ehlinger, a Sonnenblick-Goldman director, said that "Northern Chelsea, NoChe, continues to gentrify as the push for premium retail, work and living spaces grows." The building will include retail on its ground floor.
The new building will have many corner windows and a high fenestration ratio with two setbacks. Its clean-cut modern lines will bear a resemblance to the Urban Glass House designed by Philip Johnson and Alan Ritchie now nearing completion at 330 Spring Street.
A sales office is expected to open next month.
It is across 28th Street from the Fashion Institute of Technology and three blocks south of the Madison Square Garden complex.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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