New year, new residential conversion.\u00a0<\/p>\n
Real estate firm The Chapman Group<\/a> has filed plans to convert a parking garage it owns at 122 West Third Street in Greenwich Village into a 21-unit residential property, according to a recent filing with the New York City Department of Buildings.<\/p>\n SEE ALSO: Data Centers Continue to Vacuum Up the Investment Dollars \u2014 Is the Return Worth It?<\/a><\/p>\n The total estimated cost of converting the 50,000-square-foot garage, known as Minetta Garage, into a 60,000-square-foot residence is $3.5 million, according to city records. If the project is approved, Chapman will work alongside Morris Adjmi Architects<\/a> and historic properties preservation firm Higgins Quasebarth & Partners<\/a>.\u00a0<\/p>\n In addition to the 21 residential units, the project plans call for ground-floor retail space, a tenant amenity area, and a communal lobby. The garage is on West Third Street between Avenue of the Americas and MacDougal Street, about two blocks southwest of Washington Square Park.<\/p>\n Chapman owns several garages and residential buildings around Manhattan. The firm also plans to convert another one of its garages at 160 West 10th Street into a residential property, according to The New York Business Journal, which first reported the 122 West Third Street conversion.\u00a0<\/p>\n Chapman did not immediately respond to a request for comment.\u00a0<\/p>\n Several other plans for residential conversion projects in New York City have been filed recently, including an office conversion at 40 Fulton Street<\/a> in the Financial District and a 614-unit project at 101 Greenwich Street<\/a>.\u00a0<\/p>\n