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  #181  
Old Posted Mar 29, 2022, 1:40 PM
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A little more info on the sale:


tradedny
SALE
IMAGE: Adam Spies, Adam Doneger, Steve Witkoff, Rachel Humphrey, Len Blavatnik & Doug Harmon
DATE: 12/23/2021
ADDRESS: 76 11th Avenue
MARKET: Chelsea
ASSET TYPE: Multifamily

BUYER: @WitkoffCo - Steve Witkoff & Access Industries - Len Blavatnik
SELLER: Children’s Investment Fund
BROKERS: Adam Spies, Doug Harmon, Adam Doneger (@ADoneger) & Rachel Humphrey - Cushman & Wakefield (@CushWake)

SALE PRICE: $900,000,000
SF: 900,000 ~ PPSF: $1,000
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  #182  
Old Posted Apr 6, 2022, 9:03 PM
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The XI Prepares To Resume Construction At 76 Eleventh Avenue In Chelsea, Manhattan



Quote:
Construction is set to resume on The XI, with a revised completion date of “Winter 2024” posted for the stalled two-tower mixed-use project at 76 Eleventh Avenue in Chelsea. Designed by Bjarke Ingels Group and developed by 76 Eleventh Avenue Property Owner LLC, the twisting 26- and 36-story structures have stood topped out and unfinished since late 2019, when reports of trouble began to surface about the former developer, HFZ Capital Group. In late 2021, Steve Witkoff purchased the property in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital, and it now appears that the project is back on track, with an updated board at the property listing Suffolk Construction Corporation as the new general contractor, replacing Omnibuild. The full-block site is located adjacent to the High Line and is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.

The 908,250-square-foot complex will yield 235 condominiums marketed by Douglas Elliman, a 137-room Six Senses Hotel Resort Spa, 85,000 square feet of leasable commercial retail space, and a public pedestrian plaza with a new entrance to the High Line.

The walls of Travertine marble remain in place while the trapezoidal mechanical bulkhead frames wait to be clad. Scaffolding and black netting cover portions of the podium’s floor-to-ceiling glass, the reinforced concrete floors of the low-rise two-story bridges over the first floor remain exposed, and the pedestrian plaza and retail space facing Tenth Avenue sits behind sidewalk barriers and metal fencing.
===============
NYY
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  #183  
Old Posted Apr 14, 2022, 2:11 PM
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  #184  
Old Posted Jun 10, 2022, 12:58 PM
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  #185  
Old Posted Jul 5, 2022, 5:18 PM
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  #186  
Old Posted Jul 5, 2022, 7:34 PM
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Very nice!
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  #187  
Old Posted Jul 5, 2022, 10:33 PM
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Is that from the new Thomas Weatherwick park?
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  #188  
Old Posted Jul 5, 2022, 11:06 PM
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Quote:
Originally Posted by colemonkee View Post
Is that from the new Thomas Weatherwick park?
Yes. Via Pier 55.
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  #189  
Old Posted Aug 7, 2022, 5:39 PM
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Credit: JC_Heights
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