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Hap Investments is a international real estate group focused on the acquisition and development of residential and commercial properties.
Hosted by Kayo HAP Investments’ Deputy CEO & General Counsel, Andrea Lawrence, will be speaking on the “Flight to the ‘Burbs” panel at Kayo’s Multifamily Investment Summit next Wednesday, November 11th at 1:30 PM EST. Topics will include short-term and long-term multi-family demand drivers, occupancy and rent market dynamics, debt and equity investment activity, and pricing trends. Kayo connects investors in energy, power, private equity, credit, and real estate through its flagship annual conferences, email newsletters, online community, and digital content. Kayo currently curates six annual summits reaching 1,500 women annually in industries such as Private Equity, Venture Capital, Energy, Infrastructure, Credit, and Real Estate.
Construction has topped out on Maverick, a two-building, 210-foot-tall residential project at 215 West 28th Street in Chelsea. Located between Seventh Avenue and Eighth Avenue, the 20-story development is designed by DXA Architects and being developed by HAP Investments, and consists of abutting buildings spanning over 300,000 square feet. The structurally identical reinforced concrete superstructures are addressed as 215-219 West 28th Street and 221-229 West 28th Street. The top floors clear the roof heights of the surrounding buildings below West 28th Street, allowing for more daylight exposure for the entire southern profile.
The property is located across the street from the Fashion Institute of Technology, a few blocks south of Penn Station and within walking distance of a plethora of subway lines, including the 1 Line serving the 28th Street station just outside. The New York City Council paved the way for the project in 2011 by approving a plan to transform the former Fur District, stretching from W. 28th St. to W. 30th between Seventh and Eighth Avenues, into a thriving mixed-use neighborhood. Maverick Chelsea sits on the same block as 241 W. 28th St., the site of an upcoming 460-unit rental building being developed under the Affordable New York program by L&L Mag. The neighborhood is also home to Chelsea29, a new luxury apartment building at 221 W. 29th St., and the adjacent FLOW Chelsea, a Passive House development offering mixed-income rentals at 211 W. 29th St. HAP Investments, which was among the first developers in New York’s East Harlem and Jersey City, N. J.’s Journal Square, is led by Co-Founder & CEO Eran Polack.
The 20-story, 210-foot-tall residential project is being designed by DXA Architects and developed by HAP Investments, and consists of two separate buildings spanning over 300,000 square feet. The two structures are addressed as 215-219 West 28th Street and 221-229 West 28th Street. Both structures will contain 20,000 square feet of retail space on the ground floor, as well as feature identical architectural designs, with the only difference being the color of their façades. The property is the largest new development on the parcel and is located next door to Skidmore Owings & Merrill’s upcoming 12-story office at 322-326 Seventh Avenue, aka 28 & 7.