(NEW YORK, NY)— The 19th-century remnant of West Chelsea’s industrial history is said to undergo a revitalization. Built by George B. Mallory and Otto M. Beck, the Terminal Warehouse Central stores Building once served as a pathway for freight led by the Hudson Railroad. This historic structure takes up the entire block between 11th and 12th avenues and West 27th and West 28th streets.
Last year the 1.2-million-square-foot structure was bought by L&L Holding and Normandy Real Estate Partners for $880 million. The investors intend to transform the buildings half-million square feet of storage space into office space as well as a courtyard for public use. According to the Post, only about 200,000 square feet of office space is currently occupied with tenants such as Uber and L’Oreal. The courtyard will be located on the ground-floor corridor once known as the famed Tunnel nightclub.
The plan to revitalize the structure includes the restoration of the train tunnel with new additions of shops and restaurants, refurbishment of the building’s brick and exposed railroad tracks, and restoration of its arched entrances. Also, around 150,000 square feet of preexisting floor space will be hauled to the western end of the building where new floors will be added.
The developers were to present their plans before Community Board 4 on Monday night, after receiving the green light developers stated that the plans will need a follow-up approval by the Landmarks Preservation Commission due to its historic standing.
L&L Chairman/CEO David W. Levinson estimates the project will take a total of two years to plan.