The same developers behind Chelsea’s high-profile Walker Tower conversion have started construction on another prewar building originally designed by Art Deco genius and former AIA President Ralph Walker.
Developers JDS Development and Property Markets Group bought the 435 West 50th Street building on the border of Hell’s Kitchen and Midtown for $20 million last July. There will be 65 residential units across 115,000 square feet in the 300,000-square-foot building. Amenities will include a lounge and fitness center, residential storage and bike storage.
The previous owner, Verizon, will keep the lower floors for office space and operations while the condos are built above, The New York Observer reports.










