JDS, Largo Seek Wrecking Ball on West 24th Street


514-518 West 24th Street.
514-518 West 24th Street.

JDS Development Group and Largo Investments are seeking a permit to tear down their three-story building at 514-518 West 24th Street, according to Department of Buildings records.

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The joint venture bought the building, which is between 10th and 11th Avenues and neighbors Cary Tamarkin’s condominium building at 508 West 24th Street, for $34.8 million last July, property records indicate.

Roman and Williams will be designing a 10-story, 14-unit condominium in the building’s place, a spokesman for JDS said. The new building will be 50,000 square feet and will include 8,500 square feet of ground-floor retail. The apartments will average 3,000 square feet a piece. Vickey Barron at Douglas Elliman was tapped to sell the residential units, but a commercial broker hasn’t yet been selected to market the retail space, the spokesman said.

Nicholas Werner, the president of Largo Investments, referred this reporter to JDS.