Manhattan Real Estate tracker has learned that the building that currently houses Gristides Supermarket and other stores will be torn down for a new residential development that will be anchored with a large 27,000 square foot Lidl Supermarket. The property will be developed by MAG Partners.
From MAG Partners:
MAG Partners was selected by Penn South, the affordable housing cooperative in Chelsea, to develop 335 Eighth Avenue into a mixed income apartment building with ground floor commercial space, including a grocery store. The new 190-unit building will be developed under the Affordable NY Program with thirty percent of its units reserved for low- and middle-income New Yorkers.
The redevelopment will replace the aging existing building with a modern, contextual seven-story building that is about 200,000 square feet, designed by renowned local architects COOKFOX. At the heart of Penn South, the design seeks to bridge the historical character of Chelsea, 21st century visions of urban living and contemporary aspirations for a new building that supports sustainable and healthy living.