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Old Posted Nov 21, 2013, 8:21 PM
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Hypothalamus Hypothalamus is offline
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Now Under Construction!

New York YIMBY:

Construction Update: 551 West 21st Street

The above photo, submitted by Terri Mills, shows foundation work has begun on 551 West 21st Street, which will rise 20 floors. The project’s architect is Norman Foster, and the developer is Scott Resnick – while the tower will be semi-removed from The High Line, it is one of several starchitect buildings underway in the vicinity.

Penthouses will be sold for $35 million and up, and those prices are unheard of for the neighborhood – though Related’s project on 28th Street, designed by Zaha Hadid, could offer similar prices per square foot.

The development’s rise is concurrent with that of the Hudson Yards, which will put a significant premium on all of Chelsea, as the new workers will need places to live; while the mega-development will have a significant residential component, the spillover to Chelsea and Hell’s Kitchen will still be notable, and the market for 551 West 21st is definitely there.

Completion of Foster’s latest New York City high-rise is expected in 2015.

551 West 21st Street, image from Terri Mills

551 West 21st Street, image from Terri Mills
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Last edited by Hypothalamus; Jan 8, 2014 at 1:15 AM.