Itzhaki continues to set sights on Chelsea with another modern development - Modern 19

According to developer Erez Itzhaki, his newest Chelsea development, Modern 19, located at 138 West 19th Street between 6th and 7th Avenues has been completed. Modern 19 is a six-story boutique residential condominium building with all floor-through units and a stunning duplex penthouse. Itzhaki purchased it in 2011 for $2.9 million. It was originally a two-story building that was demolished and re-imagined with architect Dan Goldner. Modern 19 follows the success of Itzhaki's latest Chelsea-based project, Modern 23. Located at 350 West 23rd Street, Modern 23 is a ground-up new construction 15-residence high-end condominium. At its completion in 2010, the building was already sold-out and the offering plan was closed. "Modern 19 and Modern 23 are part of a new luxury renaissance happening in Chelsea," said Itzhzaki. "Neighboring Walker Tower, which is shattering price barriers, is a game changer for the neighborhood Chelsea. We plan to develop many more sites here." Itzhaki has successfully developed over 14 projects in the last two years in the city and is currently working on eight more developments. Most recently Itzhaki bought 100 Varick Street with his partners Halpern Real Estate Ventures, Bizzi & Partners, Michael Shvo and Aronov Development.