Under Construction

550 West 21st Street

550 West 21st Street rises at the southeast corner of West 21st Street and the Hudson River Greenway, on one of the last development sites of scale along West Chelsea's waterfront.

Official Website
TMW IntelligenceVerified Oct 9, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2024
Start
2027
Completion
83
Units
23
Floors
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Details

550 West 21st Street, Manhattan. 23 floors and 83 residences. Broke ground 2024, completing Late 2027. Financed with $155M from Eldridge Real Estate Credit in September 2025.

The story so far
Announced 2021Thomas Juul-Hansen-designed 23-story West Chelsea condo unveiled 2021; Legion Investment Group took over the stalled site ~2023-24
6sqft.com
Broke ground 2024
Financing secured Oct 2025Legion Investment Group secured a $155M construction loan from Eldridge Real Estate Credit per The Real Deal and Businesswire
therealdeal.com
Going vertical Oct 2025Rose above street level in West Chelsea, Oct 2025 (NY YIMBY)
newyorkyimby.com
First renderings revealed Apr 3, 2026Legion unveils the Thomas Juul-Hansen-designed condominium in hand-laid Italian brick and limestone, with residences from $2.5 million and sales to be led by Corcoran Sunshine
nyrej.com
Topped out Jun 30, 2026Sharpening recorded topping-out date: NYREJ announced the top-off on 2026-06-30, so the prior 2026-07-03 entry postdated the announcing article
nyrej.com
Expected opening Late 2027
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TMW Intelligence

The outlook for 550 West 21st Street

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The New York City market 72 · Saturated supplyWest Chelsea 28-project pipeline · 11,999 residences and keys · peak Late ’28 Explore the market →
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About the project

550 West 21st Street rises at the southeast corner of West 21st Street and the Hudson River Greenway, on one of the last development sites of scale along West Chelsea's waterfront. Designed by Danish architect Thomas Juul-Hansen for Legion Investment Group and AVRS Partners, the tower honors the neighborhood's industrial heritage with a facade of hand-laid Italian brick and limestone, wrapped around floor-to-ceiling windows, deep loggias, and setbacks crowned by private terraces. The building holds a boutique collection of residences ranging from one to four-plus bedrooms, the majority with private outdoor space and water-facing outlooks over the Hudson River, with the remainder framing views across the historic gallery district toward the Midtown skyline. Positioned at the center of the Chelsea art district, the tower sits within walking distance of the High Line, Chelsea Piers, Chelsea Market, the Meatpacking District, and Hudson Yards.

Common questions

Frequently asked

Where is 550 West 21st Street located?

550 West 21st Street is located in New York City.

When will 550 West 21st Street be completed?

550 West 21st Street is under construction, with completion expected in Late 2027.

Who is developing 550 West 21st Street?

Legion Investment Group, AVRS Partners is the developer behind 550 West 21st Street.

Who designed 550 West 21st Street?

550 West 21st Street was designed by Thomas Juul-Hansen.

How big is 550 West 21st Street?

550 West 21st Street rises 23 stories with 83 residences.