Chelsea Market May be Growing Up

By Ben Fractenberg on February 14, 2011 3:57pm 

Chelsea Market building owner Jamestown Properties may expand the building up to 300,000 square feet in the air.
Chelsea Market building owner Jamestown Properties may expand the building up to 300,000 square feet in the air.
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AP/Frank Franklin

By Ben Fractenberg

DNAinfo Reporter/Producer

CHELSEA — The Chelsea Market may be growing thanks to Google money, Curbed reported Monday.

The market, located between 15th and 16th streets and Ninth and Tenth avenues, will reportedly add another 300,000 square feet of space to the top of the building. The expansion was possible after Chelsea Market-owner Jamestown Properties made $1.9 billion off the sale of a nearby property, 111 Eight Avenue, to Google

After the sale of the building, which is one block away from the market, Jamestown reportedly bought out its Chelsea Market partners for $225 million.

The extra space will be used for either offices or possibly a hotel, according to Curbed.

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