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Chelsea's newest hot property.


Within its first month on the market, The Chelsea Club, a 12-story, 42-unit luxury condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 at 444. West 19th Street, has signed or sent out contracts on 27 units, comprising nearly 65 percent of the units. Construction is slated for completion in fall 2005.

MOeJOe Developers, LI.,C, the developers of The Chelsea Club, have relied upon lists accrued ac·crue  
v. ac·crued, ac·cru·ing, ac·crues

v.intr.
1. To come to one as a gain, addition, or increment: interest accruing in my savings account.

2.
 from interested parties introduced to the project through word-of-mouth, real estate brokers and publicity efforts to locate prospective buyers.

Mona Gora and Joseph Klaynberg, the principals of MOeJOe Developers, sold seven units within the first few days of the offering plan being accepted.

Designed by architect Karl Fischer Karl Fischer may be:
  • Karl Fischer (chemist) (1901-1958), German originator of Karl Fischer titration
  • Karl Fischer (actor) (1917-1993), Austrian
  • Karl Fischer (soldier) (fl. 1942), German infantry col. & divn.
 Architects with interiors by Andres Escobar Associes, the building has already achieved much acclaim in the architecture, design and real estate communities.

The Andres Escobar-designed interiors include an edgy, double-height entry lobby and huge columns enveloped en·vel·op  
tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops
1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" 
 in stainless steel stainless steel: see steel.
stainless steel

Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat.
.
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Article Details
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Title Annotation:The Chelsea Club, MOeJOe Developers
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 17, 2004
Words:146
Previous Article:$40m sale closed on E 77th.
Next Article:Binswanger/Klatskin to manage large industrial facility.
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