L&L Holding Company and Normandy Real Estate Partners are proposing to turn the Terminal Stores warehouse in West Chelsea into a $1.8 billion property in four years. The partners, who closed on their $880 million purchase of the block-sized building Wednesday, plan to spend an additional $220 million to renovate the property, according to investor deck reviewed by The Real Deal. The designs, which approvals from the city Landmarks Preservation Commission, call for the […]
source https://therealdeal.com/2018/10/24/inside-ll-normandys-plan-to-turn-terminal-stores-into-a-1-8b-property/
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