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Wednesday, January 22, 2020

Chelsea Terminal Warehouse redevelopment plan gets approval from Landmarks Preservation Commission - Crain's New York Business

Plans to redevelop the historic Terminal Warehouse in Chelsea are moving full steam ahead.

In a unanimous decision Tuesday, the city’s Landmarks Preservation Commission approved a revitalization plan for the 1.2 million-square-foot warehouse that will convert part of it into modern office and commercial mixed-use space.

“We are grateful to Community Board 4 and the Landmarks Preservation Commission for engaging with us on an adaptive reuse plan that further builds upon the more-than-a-century-long evolution of the Terminal Warehouse while ensuring its authentic features are restored and preserved for future generations,” said David Levinson, L&L Holding chairman and CEO in a statement.

Last year preservationists and community members spoke out against part of the redevelopment plan, which looked to remove timber from the center of the building in order to build a courtyard. According to research conducted by a dendrochronological team the developers hired, some of the oldest timber used in the property was taken from trees that started growing in 1512—making the timber as old as 508 years old.

Since the unveiling of its plan last year, L&L Holding Co. and Normandy Real Estate Partners, which are working in tandem with architectural firm CookFox, have crafted a new redevelopment plan, which they say will emphasize “restoration, authenticity, massive open floor plates and natural sunlight.”

The developers now plan to take as much of the warehouse’s interior timber and reclaim it while adhering to modern building codes.

Along with converting 500,000 square feet of self-storage space and other vacant areas into modern offices, the firms will create an outdoor courtyard and landscaped terraces.

Overall, the project will involve the preservation, restoration or replacement of 3.2 acres of brick masonry, 756 windows and 338 pairs of iron shutters. 

The property was built in 1891 and sits on an entire block from 11th Avenue to 12th Avenue and West 27th Street to West 28th Street. It’s most notable for becoming the first major New York facility with direct access to streets, rail lines and a river, serving as a transfer point for goods.

The warehouse was acquired by L&L and Normandy for $900 million in 2018.

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Chelsea Terminal Warehouse redevelopment plan gets approval from Landmarks Preservation Commission - Crain's New York Business
"warehouse" - Google News
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