Under Development

4 Photos

Ralph Walker Comes to Hell's Kitchen

The Ralph Walker Resurrection Continues: 435 West 50th Street, Developer’s Latest Art Deco Gem, Under Way with Starwood

In an unassuming corner of the city, perhaps the last one left, an under-appreciated brick building is about to undergo a transformation into yet the latest luxury development to hit a city that always seems to have room for another. The tan- and yellow-brick pile sits in the middle of West 50th Street between 9th and 10th avenues, on the border between Hells Kitchen and the neighborhood that suddenly seems to be blossoming along the river as the Dursts, Walentas and others assemble shiny new apartment towers just to the northwest.

Yet 435 50th Street is anything but flashy and new. A throwback in the grandest sense, in that it is a far bit better than the original, the project is the second coming out for Ralph Walker, the long-forgotten AIA president and Art Deco master who dotted the city with at once industrious and luxurious old towers for the New York Telelphone Company. It is noveau prewar of the first order. Read More

For Sale But Not On Sale

The lovely Walker Tower

Walker Tower: Historic Icon + Modern Luxury Will Cost You

The Art Deco elegance, the trendy Chelsea location, the lush amenities with brand names all in caps. We knew it would cost a lot to live at Walker Tower, we just didn’t know it would be this expensive.

As of Tuesday night, sales commenced at the converted at architect Ralph Thomas Walker’s office tower at 212 West 18th Street. The units, which range from one- and five-bedrooms are going for between $4.5 million and $50 million, The Wall Street Journal reports. (The developer is even considering asking $94 million for a combined duplex on the top two floors). Read More

Under Development

Walkin' on the West Side. (Bing Maps)

Can You Afford Me Now: Converting an Old Telephone Tower Into Ornate Luxury

Big red is turning into big green!

Verizon has cashed in over $800 million in properties since 2005 because its office spaces have become obsolete in the era of wireless technology. The properties have been flipped for multiple uses—including a Mercedes Benz showroom—but the old central offices are proving themselves to be perfect for developers, the Times reports. Read More