Category Archives: Chelsea

Lowe’s to open first stores in Manhattan

According to CNBC, Lowe’s will be opening two stores in Manhattan in the next couple months. The first on Manhattan’s Upper West side will have a soft opening in the next few weeks and though about a quarter of the size of their normal locations, will feature lots of merchandise for Manhattanites. Shortly afterwards, their new Chelsea location will open up as well. The Upper West side location will be at 2008 Broadway in the ground floor of the Copley condo in a space formely occupied by Food Emporium.

This move comes roughly 10 years after Home Depot opened their two locations in the city. Expect urban merchandise like foldable brooms and lots of technology to showcase merchandise not found in the store.

Art goes big in Chelsea,NYC

Just as the Whitney inaugurated their new Chelsea home, several other art galleries are enlarging their spaces. Pace Gallery will move into a much larger space and Hauser & Wirth is also planning new building on West 22nd street. Rents have nearly tripled in the last 5 years according to the WSJ article.  Some smaller galleries have been priced out of the West Chelsea area and forced to relocate.

With the Highline and the many new luxury condos and rentals in and around it, the west Chelsea area has seen a spike in prices. Annabelle Selldorf, whose handiwork is on view in the luxury condo 200 11th ave, aka the SkyGarage, as well 10 Bond street in Noho, is designing the building for Hauser and Wirth.

Read the full WSJ article

261 W 25 street,NY,NY 10001 Construction update

The Seymour condo at 261 W 25 street will have 49 units almost all of which are in contract
The Seymour condo at 261 W 25 street will have 49 units almost all of which are in contract

According to Streeteasy there will be 49 units in this new construction condo on West 25 street and 47 of them are in contract. There are two remaining units- one priced at $3.195mm and the other at just under $4mm.

This building sold quickly as

The Seymour
The Seymour

a result of a good mix of smaller and larger units and at just under $2000 per sqft for this location, it’s not hard to see why it went so fast. The amenities include a resident’s lounge with fireplace, a garden, media room as well as a “quiet” library plus a roof deck with outdoor kitchen. The developer is the Naftali Group who is having a slighter hard time selling their Upper west side project at 261 W 77 street which they pulled off the market and will reboot shortly.