West Africa Securities is an Equal Opportunity Lender in the United States, and promotes homeownership through various programs sponsored by the Department of Housing & Urban Development. Specifically, we are the closing agents for the HUD-Treasury Partnership on Affordable Housing. We operate as a Federal 8(a) minority contractor and have secured funding for programs like Ginnie Mae and Renovate America.
Our flagship property is located at 510 West 22nd Street in the Chelsea neighborhood of Manhattan. The first permits are up for redevelopment of 510 West 22nd Street, which is being by COOKFOX. The existing five-story structure is being converted into Class A office space, with the new building set to rise 11 floors. COOKFOX’s plan for the site is impressive, taking advantage of the lot’s positioning next to the High Line and Midtown South’s hot office market. Private outdoor space will be split between a double-height landscaped wrap-around terrace on the second floor, a seventh-floor cutout terrace to soften the profile of 510 West 22nd Street’s buoyant cube design, and a rooftop garden, with an aggregate area totaling 14,000 square feet.
Leasable floor area will measure 168,550 square feet, but permits give a slightly smaller figure of 138,250 square feet. While the existing structure only stands at 67 feet tall, the replacement will rise 147 feet, placing the development around the average height for new projects along the High Line. In terms of appearance, 510 West 22nd Street will be more contemporary-minded than many of its neighbors, and its facade will be dominated by glass, with the terraces breaking up an otherwise boxy massing envelope; masonry will predominate on the faces away from the High Line.
The plan also aims to achieve LEED-platinum certification. Converting the old building till benefit West Chelsea, as the warehouse was underutilized, and the space will also cater to smaller companies who may not be interested in the office giants rising at Hudson Yards to the north. With floor plates averaging approximately 15,000 square feet, 510 West 22nd Street will likely prove attractive to technology companies, and given our new permits, construction appears to be on the near-horizon.