Legion Investment Group begins construction at 550 West 21st St.

Manhattan, NY According to Legion Investment Group, vertical construction is underway at 550 West 21^st St., a new 23-story waterfront condominium bringing 83 residences to West Chelsea. The future building is situated between the Hudson River Park and the High Line, providing residents with connectivity to green spaces featuring extensive pedestrian pathways, recreational areas, and riverfront views. It is also moments from Chelsea Piers, Chelsea Market, the Meatpacking District, the West Village, and Hudson Yards — offering proximity to some of the city’s cultural, retail, and recreational destinations.

550 West 21^st St. is slated for completion in mid-2027, with sales expected to launch in 2026, exclusively led by Corcoran Sunshine Marketing Group. 

“This is the last major waterfront development site in West Chelsea of this scale and quality,” said Victor Sigoura, founder and CEO. “The combination of unobstructed Hudson River views and direct waterfront access makes this project especially rare, and we are excited to deliver such a unique product to this market.”

Legion is one of New York City’s most active and ambitious developers, creating landmark projects in neighborhoods defined by culture, character, and enduring appeal. On the Upper East Side, vertical construction began last month at 1122 Madison Ave., where the recently launched teaser website introduced a boutique collection of 26 residences designed by Studio Sofield just one block from Central Park. In Downtown Manhattan, demolition is moving forward at both 5 West 13^th Street in Greenwich Village and 38 Gramercy Park East, where Legion is developing the first ground-up development on Gramercy Park in more than a century—granting residents the rare privilege of coveted key access to New York’s most storied private park.