421 new development contracts were signed across New York City in August 2021 an increase of 109% from 2020 and 88% from 2019. There was also a 16% gain in new development contracts from July 2021 as the market momentum continues. The most active projects in Manhattan were: the Lantern House in West Chelsea designed by Thomas Heatherwick; and 130 William in the Financial District designed by David Adjaye. [The Real Deal]
West Chelsea is a lively mix of star architecture, townhouses, and art galleries. Located between 14th Street and 30th Street and from 9th Avenue to Hudson River Park. Notable attractions are Chelsea Market, the High Line and the Chelsea Piers Sports and Entertainment Complex. [NYT]
Lantern House designed by Thomas Heatherwick is a 22 story condominium located at 515 West 18th Street. Prices range from about $1,950,000 for a 923 sqft 1 bedroom to about $16,975,000 for a 3 bedroom 2,614 sqft penthouse on the 22nd floor. Amenities include health club by Equinox, library, rooftop terrace, 75 ft saline swimming pool, private outdoor gardens, event suite and children’s playroom.