Boymelgreen pumped by chance to build on gas station site.Kalmon Dolgin Affiliates, Inc. has arranged a 49-year lease for a 13,500 s/f corner development parcel at 500 West 23rd Street in the Chelsea Chelsea, city, United States Chelsea, city (1990 pop. 28,710), Suffolk co., E Mass., an industrial suburb of Boston; settled 1624, inc. as a town 1739, as a city 1857. It has made printed goods, rubber, plastics, electrical machinery, shoes, and paint. section of Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). at the site of a former Exxon gas station. Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates, made the announcement. Located on the corner of Tenth Avenue and 23rd Street, the property is situated on New York's emerging far west side, an area ripe for residential, business and cultural development. The property offers excellent proximity to transportation, restaurants and various entertainment venues in the highly sought-after Chelsea neighborhood Leviev Boymelgreen, a top-of-the-line residential, mixed-use and retail property developer with a strong presence in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Toronto, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. and Miami, closed on the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. lease for the site, where they will construct a 14-story rental development of over 100,000 s/f.. Both the developer and the owner, Silo silo, watertight and airtight structure for making and storing silage. Silos vary in form from a covered pit, such as was used by the early Romans, to the modern storage tower, dating from the 19th cent. Cinema Inc., were represented by James Dario and Fred Rufrano of Kalmon Dolgin Affiliates, Inc. "The property at 500 West 23rd Street presented an incredible opportunity for Leviev Boymelgreen in one of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's most dynamic neighborhoods," Mr. Dario said. "With over 100,000 s/f of development potential and proximity to the historic High Line, soon to be converted into an elevated city park, this corner location offered a prime opportunity for residential and retail use." "The Chelsea area is one of Manhattan's hottest neighborhoods right now, with a number of new residential, retail and office buildings in development and an expanding Restaurant Row that is among the best in the City," commented Mr. Rufrano. "Leviev Boymelgreen has been pursuing opportunities for development in this area for some time, and Kalmon Dolgin Affiliates is happy to have found a match for the developer's planned rental building with ground floor retail opportunities." |
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