When Chelsea's General Theological Seminary found itself in need of money in 2010, the institution returned to a strategy it had tried once before: letting a developer build luxury apartments on seminary property. GTS made a $47.5 million deal with Chelsea Enclave developer the Brodsky Organization to sell three buildings and a plot of land. One of those buildings, the student housing at 422 West 20th Street, was set to get a condo conversion and hit the market this year. And it looks like it will! The project's website is now live, with some details about what to expect. And that is: 37 one-bedroom through three-bedroom units, 600 to 1,640 square feet. The exterior's getting restored, and the interior renovation?done by Alan Wanzenberg Architects?includes a new lobby, kitchens, and bathrooms. Above, what the finished building should look like.
We hear sales are likely to begin in March, and asking prices range from $640,000 to $2.05 million. Amenities include a gym, roof-deck, private storage, and a part-time doorman. Residents also get access to The Close, the Seminary's park. Not a bad back yard!
Here's what the place looks like right now: