Related "IDGAF How Much I Spend" Companies has closed on two West Chelsea sites at 511-525 West 18th Street and 500 West 19th Street for the bonkers amount of $205 million. The developer plans to construct a 250-foot-tall tower on the properties, which are both currently occupied by parking lots. Related must have really wanted the parcels, because they paid a mindboggling $155 million more for the lots than Ziel Feldman, who is developing a building on a comparable neighboring site. [ACRIS; previously]
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