Sunday, May 20, 2012

AvalonBay's Much Anticipated $275M Project Gets Underway

At the northeast corner of 28th Street and 11th Avenue, near the High Line, work continues on what will be the future Avalon West Chelsea. The building at 517 West 28th St is set to peak at 31stories on the corner and taper back to 13 stories mid-block.
In February 2012, after almost three years of planning, AvalonBay broke ground on its exciting West Chelsea apartment community. Like every one of AvalonBay's eight existing New York City apartment buildings, the West Chelsea development promises to be a desirable addition to the neighborhood, providing luxury rental housing, local economic benefits, affordable housing units, and the revitalization of a neglected area.

The 710-unit apartment community consists of two buildings (31 stories and 13 stories) with two lobbies.
The buildings, which will be known as Avalon West Chelsea and AVA High Line, will be located between 28th and 29th Streets, between the High Line and 11th Avenue.

The development is just steps away from the neighborhood's popular High Line Park, which opened in segments between June 2009 and June 2011 and has sparked renewed interest in residential living in a long-time commercial area.

The styling and architecture will be consistent with the "Chelsea experience", appealing to renters interested in a variety of amenities and high-energy, vibrant buildings.

The building's ground floor will be home to 21,000 square feet of retail space, ideal for grocery stores and/or restaurants. Twenty percent (20%) of apartments will be affordable under New York City's inclusionary housing program, thus ensuring the continued diversity of the Chelsea district.

The apartment community is expected to be completed by late 2014, with first apartment home deliveries in 2013.