MAG Partners' & MRH's 188-unit Mixed-use Development Featuring a Lidl Tops Out in Chelsea

Construction has reached the final floor of 335 Eighth Avenue, a seven-story residential building in Chelsea, Manhattan. This project, designed by COOKFOX Architects and developed by MAG Partners and Mutual Redevelopment Houses, Inc., encompasses 200,000 square feet. The building will house 188 rental units, ranging from studios to two-bedroom layouts. Additionally, it will feature a 23,000-square-foot Lidl supermarket and other retail spaces on the ground floor. Thirty percent of the apartments will be designated as affordable housing. Urban Atelier Group is handling construction at the corner of Eighth Avenue and West 26th Street, within the Penn South cooperative, also known as Mutual Redevelopment Houses.

Current Construction Progress

Since April, significant progress has been made, reaching the seventh and final level of the reinforced concrete superstructure. Recent images reveal the use of metal shoring and concrete formwork to support the top levels, with scaffolding and black netting covering the western side of the building. Equipment is being lifted by cranes, and a hoist is installed on the southern face. Completion of the seventh floor and the mechanical bulkheads is expected by summer, after which the façade installation will commence. The majority of the residential units (90%) will be studios and one-bedrooms, with the remaining 10% being two-bedrooms. Amenities will include a fitness center, library, media lounge, coworking lounge with private workspaces, a dining area with a catering kitchen, and outdoor rooftop gardens with dining and grilling areas.

Design and Features

Renderings showcase the building's southern and eastern elevations clad in red brick with recessed rectangular windows. The seventh floor features setbacks topped with terraces, and the roof parapet includes an additional terrace with greenery. The forthcoming Lidl supermarket will offer a variety of goods, including a bakery, fresh produce, a floral shop, meat, seafood, and other essentials. Lidl plans to collaborate with Hire NYC to provide local employment opportunities with comprehensive benefits for all employees.

Project Timeline

The completion of 335 Eighth Avenue is anticipated in the third quarter of 2025.

Financial and Transport Details

JLL Capital Markets secured $151.4 million in financing for the project from Bank OZK and MetLife Investment Management. The property is conveniently located near the C and E trains at the 23rd Street station.