Chelsea is hot for condos, so developers are answering the demand with more supply. Crain's brings word on two stalled/slow-moving projects in the neighborhood that are suddenly chugging along. First up is a new 16-story, 34-unit building at 124 West 23rd Street, which looked like this before developer Anbau Enterprises stepped in. Following 2+ years of zero activity, construction kicked off last week, and the completion date is summer 2012. The developer's website has some renderings (seen above), and the design team includes BKSK Architects and go-to interiors dude Andres Escobar (warning: nightclub music). Building #2 on the horizon is even bigger.
Over on the Chelsea/Flatiron border, Alchemy Properties is ready to move ahead at 35 West 15th Street, a wildly controversial project that started off as a condo-hotel, triggered a lawsuit, and reduced a lovely old union hall to rubble. Alchemy got a construction loan in November, and the foundation for a new 25-story, 58-unit condo designed by FXFowle will be laid in April. Got a rendering for us? That's what the tipline is for, y'all.
· Post-crash rarities: 2 condos rise in Chelsea [Crain's]