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Chelsea Building Going Up Fast; BPC Rent Agreement Reached

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CHELSEA?Construction got rolling in February on 124 West 23rd Street, a previously-stalled condo building taken over by developer Anbau Enterprises. Completion's set for summer 2012, and a tipster with an office nearby sends in the above shot. "Looks like the foundation is poured and workers have been buzzing. Between sixth and seventh avenues across the street from good and quick Mac service!" [CurbedWire Inbox]

BPC?Battery Park City's ground rent crisis has been officially averted! The Battery Park City Authority and 11 BPC condo buildings have agreed to a previously-proposed plan under which the buildings will pay $525 million over the next 30 years. If that sounds steep, the original projected cost was $804 million, or a 63 percent increase in ground rents. [CurbedWire Inbox]

124 West 23rd Street

124 West 23rd Street, New York, NY