Construction Underway for Chelsea Beacon Project, Transforming Historic Facility into Affordable Housing
Construction has begun on the Chelsea Beacon project, which will transform the former Bayview Correctional Facility at 550 West 20th Street in New York City's Chelsea neighborhood into 130 units of permanently affordable housing, including supportive and transitional residences. The…
New York, NY, September 15, 2026 — Construction has officially commenced on the Chelsea Beacon project, a significant redevelopment initiative located in New York City’s Chelsea neighborhood. The project is set to convert the former Bayview Correctional Facility, situated at 550 West 20th Street, into a vital source of permanently affordable housing.
The Chelsea Beacon project is slated to deliver a total of 130 residential units. These units will encompass a range of housing types, including supportive and transitional residences, aiming to address diverse housing needs within the community. A core objective of this redevelopment is the preservation of the historic Art Deco architecture of the existing Bayview Correctional Facility building.
In addition to retaining the building’s historical character, the project also focuses on integrating modern sustainable features into the structure. The specifics of these sustainable additions were not detailed in the provided summary.
The transformation of the former correctional facility into residential units marks a new chapter for the site. The scope of work and the expected timeline for completion of the Chelsea Beacon project were not specified. Furthermore, details regarding the development partners or funding mechanisms for the 130 units of permanently affordable housing were not made available.
Story summarized from the original created by Aaron Ginsburg on www.6sqft.com, see more information here.
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