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Old Posted Sep 25, 2014, 3:43 AM
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Smile NEW YORK | 131 W. 23rd St | 445 FT | 35 FLOORS

Permits Filed: 131 West 23rd Street, 35-Story and 445-Foot Tower Coming to Chelsea



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The Midtown South boom continues to echo into ever-taller echelons, and the first permits have been filed for one of the stretch’s more significant high-rises, coming to 131 West 23rd Street. The Chelsea Associates LLC is behind the new building application, which calls for a 35-story tower designed by Stonehill & Taylor.

Perhaps more notable than the floor-count are the height and number of units; the building will stand 445 feet to its pinnacle, making it quite distinctive on both the neighborhood and overall skylines. The residential component will measure 68,195 square feet, split between 21 apartments, translating into averaging units of over 3,000 square feet.

Another 143,808 square feet will be split between a retail component and a hotel, though the Schedule A is surprising, as it actually shows residential on the lower floors, with the hotel above. This would flip what normally occurs in New York City developments, as residential is typically placed as high as possible to maximize pricing.

The surrounding neighborhood is increasingly prime, and any tower stretching nearly 500 feet tall would be able to achieve astronomical price-points for residences on upper floors. Thus, the likely explanation is that the filings are “dummy” placeholders, with 131 West 23rd Street becoming another member of the Great Dummy Permit Frenzy of September 2014.
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http://www.yimbynews.com/2014/09/per...o-chelsea.html
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Old Posted Jul 29, 2015, 3:02 PM
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Here’s what the $10M-$20M NYC investment sales market looked like last week

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[...]

7.) The Chelsea Bed & Breakfast at 131 West 23rd Street traded for $11.3 million. Hotelier Jeffrey Dagowitz purchased the former bed and breakfast from Chelsea Associates LLC and plans to build a 35-story residential tower at the site. The Stonehilll & Taylor designed-building will be a sprawling 212,003 square feet and top out at 445 feet high.

[...]
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http://therealdeal.com/blog/2015/03/...-last-week-11/
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Old Posted Jul 4, 2018, 3:01 PM
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Years in the Making, This Through-Block Residential & Hotel Project May Finally Be Coming to Chelsea



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Two weeks ago, permits were approved for a mixed-use project located at the former site of St. Vincent de Paul Church and the Townhouse Inn of Chelsea at 125 & 131 West 23rd Street. Those permits were originally filed back in 2014, calling for 29 apartments on the lower floors and 246 hotel rooms on the upper floors – an oddity that YIMBY pointed out is the opposite of what developers tend to do. However, with new zoning documents (that have since been disapproved), we now see that the owner, Hotelier Jeffrey Dagowitz of JHG Holdings, plans to erect two towers, connected by the existing church building. The church's former parishioners fought for years to save the structure, but that battle ended in 2016.

Zoning documents show the block-through project, which utilizes the 24th Street parcels, will feature a 13-story (170 ft) residential tower fronting 23rd Street and a 39-story (466 ft) hotel fronting 24th Street. The church facade will be integrated into the residential portion and Stonehill & Taylor West are serving as the architects.

The floor schedule shows amenities like a fitness center, bike storage, and roof terrace will be included. In addition, there will be three retail spaces and a restaurant on the ground level.

helsea is clearly a hotspot for residential developments but in the recent years, a number of hotels have been popping up, including the Lam Group's in-progress 43-floor hotel across the street at 115 West 24th Street, which Stonehill & Taylor West are also designing.
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