The additional height is not acknowledged in the permits most likely because the addition is mechanical space -which is not counted under zoning. My guess is they redistributed some mechanical space on the lower floors to the roof, then constructed 23,986 SF of residential space in those former mechanical spaces.
It will be interesting to see how much these command. I walked by it last night. Great central location.
Yes. Close to just about every subway line.
28 Jan 2012
Chelsea's Pricey Walker Tower Conversion Shows Itself
by Sara Polsky
Chelsea's Walker Tower—the residential conversion of an Art Deco Verizon building designed by Ralph Walker—has been revealing itself slowly, teasing us with pricing (hint: it's high!) and a lobby party. Now building reps have offered up some renderings. The Post informs us that sales will kick off in June. The average ask will be around $3,000/square foot, with the penthouses reaching for $10,000/square foot. Above, a rendering of the full building, designed to show some of the new windows, and a not-quite-finalized render of the restored 18th Street entrance. Some of the detailing matches the facade, and this entrance is probably as close to these apartments as most of us will get.
Walker This Way [NYP]
Walker Tower Gets a Sequel With Hell's Kitchen Conversion
by Sara Polsky
Now that sales at Walker Tower, the conversion of a Chelsea building designed by Ralph Walker, are underway, developers JDS and Property Markets Group can move on to their next project—another conversion of a Ralph Walker building a bit further uptown. That building is 435 West 50th Street, and the Observer notes that the project just got $25 million in funding from Starwood Capital last week. Congrats, friend! Above, a before-and-after of the conversion. Seventeen stories of the building will get the condo treatment, for a total of 65 residential units. Chelsea's Walker Tower definitely has the edge when it comes to location, but perhaps it will help to inspire a more widespread Walker fever that will help its 50th Street sibling.
Meanwhile, JDS Development's Michael Stern chatted with The Real Deal about Walker Tower's sales so far. Prices on sold units have been as high as $3,400/square foot, according to Stern. The building is more than 25 percent sold.
435 W. 50th Street [Property Markets Group]
The Ralph Walker Resurrection Continues [NYO]
Beyond Walker Tower [Real Deal]
This is delightful and informative video about both the building and the architect who designed this fantastic Art Deco Tower. http://corenyc.com/blog/category/videos/
"Why must we honor these endless ribbons of plate glass" R.Walker
If that's the street side, it used to be much plainer.