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Chelsea's Fine Art of Real Estate

Is it West Chelsea Development Day on Curbed? It appears that way, now that the cat's out of the bag on neighborhood rezoning. The Post has the dish on the planned Chelsea Arts Tower, a 20-story (rendering looks like 21 stories, no?) gallery condominium project on West 25th St. near 11th Avenue aiming for a 2006 opening. Floor sizes range from 3,100-4,700 square feet, plenty of space to store your abstrat expressionism and expressed abstractism while still finding room in a corner to stash your sleeping bag. Shh, we won't tell. It's gonna cost you though: $700-$1,000 per square foot. Each floor has a terrace (rendering makes it look like only the top floors, no?) and upper floors have uninterrupted views in three directions. According to the developers, two buyers have signed on for full floors, and a private collector has scooped up another floor. Looks like this business of art is really paying off.
· Towering Edifice for Lovers of Art [NYPost]
· Peeking into West Chelsea's Future [Curbed]
· Development Du Jour: High Line 519 [Curbed]