Construction Begins At 335 Eighth Avenue In Chelsea, Manhattan
A mixed-use development at 335 Eighth Avenue in Chelsea, Manhattan has officially broken ground. The project is the latest development from MAG Partners and global holding company Safanad, who’ve retained COOKFOX Architects to design the property and Urban Atelier Group as general contractor.
The structure will top out at seven stories and comprise around 200,000 square feet. When complete, the building will have a 23,000-square-foot Lidl supermarket, 188 rental units, and additional ground-floor retail spaces. Thirty percent of the apartment stock will be reserved for low- and middle-income residents.
Renderings of the property show a handsome red brick facade, a standard punched window system, and several setbacks that make room for private and communal outdoor spaces.
“Our investments with MAG Partners demonstrate our conviction in the strength of the New York City multifamily market,” said Danny Jumblatt, managing director at Safanad. “We look forward to building on the success of the Ruby with the 8th Avenue site, which we believe will bring further high-quality rental products to an attractive submarket.”
The project team has not announced an anticipated date of completion.