Source: New York YIMBYDevelopers have secured $173 million to construct a rental development in Manhattan's Chelsea neighborhood.
Where is it happening?
Who is Involved?
Developers: MAG Partners, Atalya, Safanad, Qualitas
When is it happening?
The building will open to residents in 2022.
Why is it important?
The building will offer affordable housing options that are close to major tech companies’ offices in the trendy, West side of Manhattan.
30% of the building’s units will be reserved for low- and middle-income households
266 residential units
214,000 square-feet of residential space
10,500 square-feet of lower-level retail space
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