Albanese Organization Real Vision. Real Value.
 
   
 
Property Showcase: The Vanguard Chelsea

A 1995 zoning change converted a large area of Chelsea from a manufacturing district to mixed residential and commercial use. The Albanese Organization was the first firm to realize the potential of transforming this area into a prime residential neighborhood. It envisioned and then developed a multifamily rental building with a retail base, and an affordable housing component. The goal was to support the cultural, commercial, and retail renaissance of this area of Manhattan. This project, made possible by the New York State Housing Finance Agency, provides much needed affordable housing and provided job opportunities for minority and woman-owned firms during its construction as well.

Visit the Web Site At:
www.vanguardchelsea.com
Status Completed 2000
Project Type: Multifamily Residential Rental, Retail, Parking
Project Size: 30 stories, 300 apartments, 300,000 square feet
Owner: Chelsea Associates, LLC
Architect: SLCE Architects
Interior Design: Stedila Design, Inc.
Financing: New York State Housing Finance Agency (tax exempt bonds), Fleet Bank (Lead Lender)

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     1050 Franklin Avenue, Garden City, New York 11530 (516) 746-6000      ©2004 Albanese Organization Inc.