Boundaries for Chelsea
Chelsea is located in the southern portion of Midtown Manhattan and is bound by 6th Avenue to 11th Avenue from 14th Street to 34th Street.
Class A Educational Leases for Chelsea
Chelsea contains 28 Class A educational buildings offering 180 different educational spaces for lease. In total, there are currently 3,887,254 square feet of rent-able Class A lease educational Chelsea space available.
Class B Educational Leases for Chelsea
Chelsea contains 121 Class B educational buildings offering 363 different educational spaces for lease. In total, there are currently 2,332,954 square feet of rent-able Class B lease educational Chelsea space available.
Commute to Chelsea
When considering rent educational Chelsea, there are ample commute options present throughout Chelsea. These include, the 34th Street Herald Square Subway Station with service from the B, D, F, N, Q, R, W, train lines, and the 23rd Street Subway Station with service from the A, C, E, train line. In addition, the 28th Street Subway Station extends the 1, 2, train line into Chelsea.
Market Data on Chelsea
Rent, lease, coworking or sublease educational Chelsea, includes the following information. Coworking Chelsea exists from numerous providers. Sublease Chelsea also exists. Currently in the lease educational Chelsea market, Google stands as one of the largest tenants. In addition, Google expanded its real estate footprint in Chelsea with the purchase of 450 West 15th Street from Jamestown Properties for $600 million. Worth Capital Holdings 52 LLC has purchased land under the Dream Downtown hotel in Chelsea for $175 million. KSL Capital Partners and LoanCore Capital constructed a refinancing package for its 349-key Moxy Chelsea Hotel. Located at 105 West 28th Street, the hotel refinancing package replaced a $58 million construction loan. The hotel is also the second of five Moxy hotels Lightstone is developing in New York City. PPHE Hotel Group and Largo have partnered to bring a PPHE branded hotel to West Chelsea. McSam Hotel Group sold 140 West 24th Street for $133 million to Magna Hospitality Group.
History of Chelsea
Chelsea acquired its name from Thomas Clarke when, in 1750, he named his estate after the Royal Hospital, Chelsea, for wounded soldiers in London, England. The estate would come to define the neighborhood for the next century. With the dawn of the 20th Century, the industrialization of Chelsea was well underway with European immigrants gathering in the factories overlooking the Hudson River. Residential complexes such as the London Terrace stretched across West 23rd and accommodated for the rising population. The area today is synonymous for art culture, hosting a great number of the city’s art galleries. Recent development in the area, with projects such as the high-line, have elevated Chelsea’s status as the premier creative hub in the city. Tenants have been drawn to rent educational Chelsea due, in-part, to the creative nature of the neighborhood.