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Thread: Chelsea Stratus - 101 W 24th St/735 Sixth Ave - Condo - by SLCE

  1. #31
    Build the Tower Verre antinimby's Avatar
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    Update: above ground construction is now visible with the first floor completed.

  2. #32
    Forum Veteran krulltime's Avatar
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    Condo tower to be Chelsea's tallest



    Chelsea Stratus will rise
    40 stories



    By Tim Moran
    December 18, 2006

    Construction is underway in Chelsea on what will be the neighborhood's tallest building.

    Workers from Plaza Construction have already erected about ten floors on the west side of Sixth Avenue between 24th and 25th streets of Chelsea Stratus, a condominium tower that will soar to a height of 40 stories in a neighborhood dominated by low- and mid-rise developments.

    "This will be Chelsea's tallest building and the only full-service condo of its kind in the Sixth Avenue corridor," said David Sigman, senior vice president of LCOR, the project's developer.

    Building amenities at Chelsea Stratus will include 24-hour doorman and concierge service, a ground-level entertainment area with media lounge, billiard area, fitness center and basketball court, along with ground-floor and rooftop terraces designed by landscape architect Thomas Balsley. The rooftop terrace will feature a dog run.

    As for the condo units themselves, they'll range in size from 700 to 800 square feet for one-bedrooms up to 2,000 to 2,200 square feet for convertible spaces on the top floors. Most units will have their own balconies or terraces and sport ceiling heights between 9.5 and 11 feet. Sigman said Chelsea Stratus will likely attract attention from Chelsea renters who are looking to upgrade.

    "Rental properties in this neighborhood are averaging close to $70 per square foot, so buying won't financially be a big leap," he said, adding that his group expects to get between $1,200 to $1,250 per square foot at the condos.

    Sales at Chelsea Stratus will begin in late winter of next year and the building is expected to open in the spring. Sigman said his group is confident that units at their development will sell, despite a slowing condominium market.

    "Right now, we have a lot of sales activity at The Charleston on East 34th Street. As long as things are priced right we've seen plenty of velocity," Sigman said. "I would love for it to be 2005 and sell out the same day I open sales, but that's just not going to happen. Still, we have a unique product and as long as the prices are right, we don't expect any problems."


    Copyright © 2003-2005 The Real Deal.

  3. #33

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    Quote Originally Posted by krulltime View Post
    ... a condominium tower that will soar to a height of 40 stories in a neighborhood dominated by low- and mid-rise developments...
    yeah ... except for those seven other 20-36 storey buildings (if you count the mcsam's) within three blocks, and all the other buildings planned up the street.

    but considering that the streetwall on the east side of sixth ave is now relatively monotonous, giving you that wall-of-buildings view when you look up sixth ave, this one could be worse. the tower part is actually relatively slim, compared to chelsea landmark. who knows, it might actually look alright. the base is definitely more interesting than what's in the nabe now.

    speaking of nabe, anyone have any news on the remy?

  4. #34
    Forum Veteran krulltime's Avatar
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    January 24, 2007:





  5. #35

    Default First batch have been released. 3-26-2007

    First batch have been released. What do you guys think of the pricing? I would have like to purchase a 2BR, in the 1030 to 1060SF range, but they went from ~830SF 1BR directly to 1150SF 2BR's.
    http://www.elliman.com/mainsite/agen...s.aspx?BID=AXH

  6. #36
    Crabby airline hostess - stache's Avatar
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    Does anybody know how many more floors to go on this dolly? I'm getting a little concerned I might be losing some beloved sunshine soon -

  7. #37
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    It's 40-stories, you do the math.

  8. #38

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    The prices were released just yesterday? (based on asoroudi's post)

  9. #39

    Default Price Increase on Day 2

    We're a little too late to the party. I had an appt with someone at Elliman on the opening day. By late afternoon 13 out of 15 units were all sold. Developer increased the prices the following day. Not a small but a significant increase. It is the most frustrating experience. Some units were bought by brokers and their closest clients/friends. You can never get access to the first offering because brokers and investors will take it for themselves. I actually wanted to live there and not flip the place. By the way the finishes were actually pretty bad but location and a highfloor unit was appealing.

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    Here are some more renderings.





    And to think that at one time not too long ago, Con Edison wanted to build an ugly electrical substation on this site instead.

    Thankfully that did not happen. This block and the whole area dodged a big bullet...


  11. #41

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    The base on this one looks a little more promising than the others.





    This former flower district must be the most concentrated area of construction in Manhattan. Too bad the buildings are all so bland....it's like Kondylis-SLCE-Kaufman Central.











    I guess it's just upper 6th Ave.'s residential counterpart.

  12. #42
    Forum Veteran MidtownGuy's Avatar
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    What a shame. They're all so damn ugly.
    I miss the flowers.

  13. #43
    Disgruntled Optimist lofter1's Avatar
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    What is going into the glassy low-rise section???




  14. #44
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    Not sure. It could be space for a gym.

    Here's another look at the interior courtyard:


  15. #45
    Crabby airline hostess - stache's Avatar
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    Wink

    Duane Reade?

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