Tin Pan Alley no longer for sale?

As public opinion moves further against the plan and the economy plunges deeper into recession, a deal is looking increasingly unlikely. The five, mixed-use contiguous properties would yield over 111,000-square feet of “prime Chelsea Property” after demolition, according to the listing that first appeared on the real estate Web site LoopNet in the early fall, along with renderings of a 16-story residential building with 24 retail spaces proposed for the site. Though it remains up, the site says the “property is no longer available.”

The Local: Tin Pan Alley Sounds Cautious Tune