In February, developer and architect Cary Tamarkin revealed that he planned on building a 135-foot-tall condo building at 550 West 29th Street. Since then, the 12-story project has made strides with the structure that once stood there completely demolished and the building permits granted, according to YIMBY.
Plans for the 55,368-square-foot development call for 5,065 square feet of ground-floor retail and 32 apartments spanning an average of 1,572 square feet. Property owner Highline Development Group is co-developing the project with Tamarkin, while CORE will handle the sales of the units. No word on pricing just yet, but they are expected to be "slightly more-value," as Tamarkin told The Real Deal last year.
This isn't be the first residential development Tamarkin has planned for the area around High Line: In 2014, the architect constructed a 15-unit condo building at 508 West 24th Street. The units there range from 2,000- to 3,000-square-feet with prices that reach up to $10 million.
· Permits Approved For 550 West 29th Street, West Chelsea Mixed-Use Project [Yimby]
· Cary Tamarkin goes smaller to tap into big market [The Real Deal]