Construction has started at Michael Shvo’s condo project at 239 Tenth Avenue.
Shvo partnered with Victor Homes to buy the Getty gas station at West 24th Street for $23.5 million. The property traded for almost $800 per buildable square foot, a record for a development site in Chelsea, the Wall Street Journal reported.
In September, Shvo turned the site into public art of the fleecy kind — “Sheep Station,” by surrealist Francois-Xavier Lalanne, featured epoxy stone and bronze sheep, pictured below:
