Demolition intensifies at 258-278 Eighth Avenue, the site of a 12-story mixed-use building in Chelsea, Manhattan. Developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliate of JJ Operating, which acquired the 40,000 square foot plot in 2017, the new building will offer multiple levels of retail space and 190 rental apartments. Breeze is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is located along Eighth Avenue between West 23rd and West 24th Streets. The architect is still unknown.
Recent photos show the row of low-rise structures slated for demolition covered in black netting and scaffolding and their ground-floor facade hidden behind green wooden planks. We should expect everything to be demolished next month, as shown on the construction sign posted on the site, followed by excavation and foundation work later this year.
The main render shows a building tall enough for the general neighborhood, divided into two interlocking volumes, each clad in its own set of light and dark panels with a relatively even grid of floor-to-ceiling windows. A U-shaped setback separates the podium from the upper levels, and a landscaped roof and mechanical bulkhead cap the superstructure. It also looks like there will be an open-air terrace tucked into the building’s perimeter columns along the east side.
It was last reported that the new building will house a 28,000 square foot target on the lower levels. Residential facilities will include a roof-level terrace, an additional outdoor terrace on the second floor, fitness center, communal lounge, speakeasy and bike storage.
The completion date for 258-278 Eighth Avenue has yet to be announced.
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