Friday, March 29, 2019 10:01:07 AM
FOR IMMEDIATE RELEASE
On Monday, February 4, 2019, Dr. Wenyi Yu, President of American Environmental Energy Inc. (AEEI) signed a commercial offer sheet to purchase a 9-storey commercial building located in the Special West Chelsea District which provides a regulatory framework for the continued development of a dynamic mixed residential and commercial area centered around the public open space created by reuse of the High Line, a former elevated rail line running north-south through the length of the district.
Located near the Hudson River, the 70,000 sq. ft. commercial building is zoned M1-5, WCh . Renovations under consideration include a hotel, studio, office space, theater and other open space development projects. Almost all the buildings in the neighbor have been renovated or reconstructed. Nearly all industrial uses are allowed in M1 districts if they meet the stringent M1 performance standards. Offices, hotels and most retail uses are also permitted.
AEEI is in the process of interviewing architects and is looking for partners that specialize in commercial real estate development; hotel development; theater development; events, exhibition and conference management. We are also looking for companies that design and manage basement parking, restaurants, fitness centers, studios, and office space.
Cutting-edge, environmentally friendly and energy efficient technology will be utilized for the renovation of the building.
The first scheduled project is a two-level basement parking area.
https://1aeei.com/
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