Commercial Observer: MAG Partners Selected to Develop Residential Co-op in Chelsea

Via Commercial Observer:

MaryAnne Gilmartin’s MAG Partners has been tapped to redevelop 335 Eighth Avenue into a mixed-income apartment building with ground-floor retail space, the developer announced Thursday.

Penn South, an affordable housing cooperative based in Manhattan’s Chelsea neighborhood, selected MAG Partners for the 200-unit development that will be built under New York state’s affordable housing program, with 30 percent of its units reserved for low- and middle-income residents.

Read the full article here:
https://commercialobserver.com/2021/06/mag-partners-to-develop-residential-co-op-in-chelsea/