Construction is advancing on a 40-story residential condominium tower at 101 West 24th Street that is being developed by LCOR and has been named Chelsea Stratus.
The 491-foot-high tower will have 204 units and is on the west side of the Avenue of the Americas between 24th and 25th Streets on the former site of a parking lot that had been used by Con Edison.
It has been designed by SCLE Architects.
David Sigman, senior vice president of LCOR, has told CityRealty.Com that the project will have 24-houir doorman and concierge service, about 16,000-square feet of ground-floor retail space, a roof deck designed by Thomas Balsey that will feature a dog run, catering and entertainment facilities for the residents as well as a basketball court.
The new tower, which also has an address of 735 Avenue of the Americas, will have a five-story base and many balconies. The north and south ends of the tower will be gently curved and faced with a gray-tinted glass.
Apartment ceilings will vary between 9.5 and 11 feet.
The new project will join a phalanx of apartment towers that have transformed the city's former Flower District along the avenue in the heart of Chelsea. There is excellent public transportation in this area, which is close to the Flatiron District and Madison Square Park.
LCOR, whose corporate office is located in Berwyn, Pennsylvania, has about $8 billion in developments completed, under construction, or in pre-development and has developed more than 20,000 residential units and more than 16 million square feet of commercial space nationally. LCOR was formed in 1992 when its principals acquired the assets of the Linpro Company that has been founded in 1978.
It recently signed a 75-year ground lease for 545 Madison Avenue and plans to begin a full-scale redevelopment of the 17-story office building.
The 491-foot-high tower will have 204 units and is on the west side of the Avenue of the Americas between 24th and 25th Streets on the former site of a parking lot that had been used by Con Edison.
It has been designed by SCLE Architects.
David Sigman, senior vice president of LCOR, has told CityRealty.Com that the project will have 24-houir doorman and concierge service, about 16,000-square feet of ground-floor retail space, a roof deck designed by Thomas Balsey that will feature a dog run, catering and entertainment facilities for the residents as well as a basketball court.
The new tower, which also has an address of 735 Avenue of the Americas, will have a five-story base and many balconies. The north and south ends of the tower will be gently curved and faced with a gray-tinted glass.
Apartment ceilings will vary between 9.5 and 11 feet.
The new project will join a phalanx of apartment towers that have transformed the city's former Flower District along the avenue in the heart of Chelsea. There is excellent public transportation in this area, which is close to the Flatiron District and Madison Square Park.
LCOR, whose corporate office is located in Berwyn, Pennsylvania, has about $8 billion in developments completed, under construction, or in pre-development and has developed more than 20,000 residential units and more than 16 million square feet of commercial space nationally. LCOR was formed in 1992 when its principals acquired the assets of the Linpro Company that has been founded in 1978.
It recently signed a 75-year ground lease for 545 Madison Avenue and plans to begin a full-scale redevelopment of the 17-story office building.
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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