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Old Posted Jun 2, 2014, 10:40 PM
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chris08876 chris08876 is online now
ψ Sailor of the Mind ψ
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 34,103
Possible Mid Rise in the future (Unless the developer goes skinny, it could become a highrise). Looks like it will probably yield a mid rise given the size of the lot.

548 West 22nd Street

Kevin Maloney’s Property Markets Group, the developer behind the high-profile Walker Tower project, is in contract to acquire a 40,000-square-foot commercial building in Chelsea for $40 million.

If extra air rights are bought, PMG could construct a building as big as 75,000 square feet on the site. Kilian LLC has owned the property at 548-554 West 22nd Street near 11th Avenue. The four-story building now has event and art gallery space.

Given the building’s location, zoning laws said the site must be equally divided up as both residential and commercial space.
June 02, 2014
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