Construction photo from the 2nd week of January
Architect and real estate developer Cary Tamarkin has topped out on their latest Chelsea development and is planning a soft launch for its units which is aimed for sellout of $150 million. The condo, located at 550 West 29th Street is on schedule to open late this year. The development sits between Tenth and Eleventh avenues and will have around 4,572 square feet of retail on its ground-floor, and condo units on the floors above.
Tamarkin is the architect and developer behind 508 West 24th Street and 456 West 19th Street nearby. His namesake company, Tamarkin Co, is most famous for its high-profile clientele and projects like the firehouse-conversion for Anderson Cooper, and the 18-story condominium at 10 Sullivan for Madison Equities. For 550 West 29th Street, Tamarkin serves as both developer and designer, while Hill West serve as the executive architects.
Tamarkin is the architect and developer behind 508 West 24th Street and 456 West 19th Street nearby. His namesake company, Tamarkin Co, is most famous for its high-profile clientele and projects like the firehouse-conversion for Anderson Cooper, and the 18-story condominium at 10 Sullivan for Madison Equities. For 550 West 29th Street, Tamarkin serves as both developer and designer, while Hill West serve as the executive architects.
Recent photo and axonometric of 550 West 29th Street
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While no renderings have been released for the project, Tamarkin has previously stated that he shares a passion for steel windows and gridded casement windows, so it won't be surprising this project will feature these trademarks. The mixed-use, 135-foot tower has 32 apartments spread over 12 floors, and will include condos, a dozen duplexes and three penthouses. Units will average from 1,550 to 2,000 square feet, and penthouses will range from 3,000 to 4,000 square feet.
Units will be significantly smaller than Tamarkin’s recently completed High Line building at 508 West 24th Street, also in Chelsea, but Tamarkin has publicly stated that these are aimed for wary buyers who are forced to shell-out for larger apartments due to the tightly competitive housing market.
Units will be significantly smaller than Tamarkin’s recently completed High Line building at 508 West 24th Street, also in Chelsea, but Tamarkin has publicly stated that these are aimed for wary buyers who are forced to shell-out for larger apartments due to the tightly competitive housing market.
Interior of Cary Tamarkin-designed duplex penthouse at 456 West 19th Street; the residences of 550 West 29th will be in the same vein.Core Residential
This Cary Tamarkin-designed penthouse at 10 Sullivan was last week for $25 million,Units at 550 West 29th will be smaller than Tamarkin's previous condo developments. Image SOurce: Property Markets Group
Tamarkin is eyeing a sellout of $148.9 million for the project, which includes the ground-floor retail space. The building will be a test of the packed West Chelsea condo market which is already saturated with a number of new condo buildings that include 515 High Line and SCDA Architects' Soori High Line on the same block.
Building amenities at 550 West 29th Street will include a fitness center, private storage, bicycle storage for 16 bikes, and a lobby. Above the tower will sit a private rooftop terrace, complete with sunset views of the Hudson River. An entrance to the High Line is just around the corner.
Marketing and sales are being handled by CORE.
Marketing and sales are being handled by CORE.
Google Earth view of West 29th Street developments, Cityrealty
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