Sales launch at 124 West 16th Street, cantilevering Chelsea condos on tree-lined block

By CityRealty Staff | From Future New York Monday, February 10, 2020

Finished facade as of January 2020 (CityRealty)

Eight years after Grid Group (formerly Einhorn Development) purchased a lot at 124 West 16th Street and accompanying air rights from French Evangelical Church, the team has launched sales on the 15 condominium residences behind the bluestone-clad walls designed by DHD Architecture. The new development topped out at 11 stories high in summer 2017, the facade is nearly complete, and occupancy is estimated for the second quarter of 2020.

Interior renderings via MW Studio

The apartments, which include full-floor residences and a duplex penthouse, range from three- to-five-bedroom homes. Commonalities include soaring, loft-like ceilings, expansive Great Rooms, 7" white oak flooring, Lutron-controlled lighting, built-in speakers, ventilated laundry areas, and private outdoor space with water, electricity, and lighting. Kitchens come equipped with custom oak millwork, Quartzmaster countertops, oversized islands, and state-of-the-art appliances. Baths are tiled in floor-to-ceiling marble and finished with marble vanities, custom glass showers, and spa-like soaking tubs.

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124 West 16th Street New York CIty condos

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A large private storage room comes with every home, and the building offers a bluestone-paved private courtyard and the services of a part-time doorman. However, its greatest asset is its address at the crossroads of Chelsea, the Village, and Union Square. The shops of lower Fifth Avenue, some of the city’s best restaurants, and a multitude of transportation options including a newly bus-oriented 14th Street are nearby.

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Private terrace

Views through oversized casement windows

Prices of the current availabilities start at $3.795 million for a two-bedroom with home office and go up to $6.995 million for a three-bedroom with two private balconies. According to CityRealty listings, this puts them roughly in line with the local median, which ranges from $2.875 million to $5.65 million for similarly sized Chelsea units.

An accepted offering plan did not list a sellout price, but those seeking clues to the new building's fate could look uptown: Grid Group and DHD Architecture also worked together on 134 West 83rd Street, a boutique ground up condominium where the collection of six floor-through units closed for an average of $2,062 per square foot.

Despite the new building’s 120-foot height falling within local height limits and being contextual with many buildings along Chelsea's side streets, the project still attracted controversy. In March 2017, a group of local activists accused the Department of Buildings of improperly approving the plans for the new building and filed a lawsuit that ultimately went nowhere. While surely many are displeased in how the new building cantilevers over the adjacent church, the developer’s purchase of air rights allowed the church to make desperately needed repairs.