278 Eighth Avenue Tops Out In Chelsea, Manhattan
Construction has topped out on 278 Eighth Avenue, a 14-story mixed-use building in Chelsea, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, the 175-foot-tall structure will yield 132,700 square feet with 190 rental apartments and multiple levels of retail space. Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is being constructed by Leeding Builders Group between West 23rd and West 24th Streets.
At the time of our last update in late October, the reinforced concrete superstructure stood around the halfway mark and façade work had yet to commence. Crews reached the pinnacle last month, and the light-colored brick envelope has been assembled across the lower half of the building. Recent photos show the façade made up of an irregular grid, with most of the fenestration arranged in two- and three-story vertical groupings of varying widths.
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