Hiwin USA submits $90M condo plan in Chelsea

Developer Hiwin USA submitted a condominium plan for 69 residential units and one commercial unit at 300 West 30th Street in Chelsea, Manhattan.

The condo plan, CD210119, has a sellout price of $89.9 million with the New York State Attorney General. Xiaogang Wang and Genyun Hong are listed as the principals of the sponsor.

In August of 2018, Peng Li filed new building plans with the New York City Department of Buildings calling for the construction of a 170-foot tall, 16-story, 59,697-square-foot mixed-use building with 80 dwelling units at the property.

The discrepancy between the number of residential units in the two plans could mean some of the units are rentals, or that the original plans have changed.

Per the DOB plans, the ground floor of the building will have a residential lobby and store space. The second floor will have residential recreation space and three dwelling units. Floors three through 11 will each have six dwelling units per floor, floors 12 and 13 will each have three dwelling units per floor, the 14th floor will have four dwelling units, and floors 15 and 16 will each have two dwelling units. The roof will have a recreation space and the cellar will have storage.

Initial DOB permits were issued to the developer but no TCO has been issued yet. According to a recent report from Yimby, the structure is close to topping out and although no completion date has been officially announced, around the end of 2021 is possible.

Studio C Architects is behind the design of the project.

The developer purchased the property from Salt Equities in 2018 for $27.5 million, according to city records.

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