One High Line: From Foreclosure to Sold-Out Towers
Photo above: One High Line’s twisting travertine towers, seen from West Chelsea. Photo by Kidfly182 via Wikimedia Commons, CC BY 4.0.
One High Line is now substantially sold out and fully open. Faena New York, the 120-key hotel that replaced the originally planned Six Senses, opened across the East Tower’s lower floors in September 2025. In January 2026, owners Witkoff Group, Access Industries, and Monroe Capital closed a $1.2 billion refinancing led by JPMorgan Chase to retire existing debt and carry the last unsold units — sales have topped $1.1 billion, with high-end contracts, including a roughly $27 million penthouse, still signing as recently as June 2026.
Current View
One High Line’s twin towers at golden hour, from the building’s own account:
At a Glance
- Two twisting, travertine-clad towers by Bjarke Ingels Group (BIG) — 247 condominiums plus the 120-key Faena New York hotel, joined by a raised skybridge.
- Began as HFZ Capital Group’s “The XI” in 2015; HFZ’s financial collapse stalled construction and led to a December 2021 foreclosure sale.
- Rescued for roughly $900 million by The Witkoff Group, Access Industries, and Monroe Capital, who renamed it One High Line and finished construction.
- The hotel component changed hands too — the originally announced Six Senses New York never opened; Faena New York took the space instead.
What Is One High Line?
One High Line is a pair of twisting, travertine-clad towers designed by Bjarke Ingels Group (BIG), with Woods Bagot as architect of record, rising directly alongside the High Line elevated park in West Chelsea.
The West Tower reaches 34 stories and 402 feet with 149 condominiums; the smaller East Tower is 25 stories and roughly 300 feet, holding 87 condominiums above a 120-key hotel. The two towers lean apart and twist as they rise, connected by a double-height “Bridge Lounge” skybridge, behind a single continuous curtain wall of more than 1,400 curved, fritted glass panes.
One High Line seen from the Pier 57 rooftop park, April 2026, with the Hudson Yards skyline beyond. Photo by Epicgenius via Wikimedia Commons, CC BY-SA 4.0.
From HFZ’s “The XI” to Foreclosure
HFZ Capital Group, led by Ziel Feldman, bought the site for $870 million in May 2015 and launched the project as “The XI,” with a planned Six Senses New York hotel as its centerpiece. Sales began in 2018, and both towers topped out by early 2019.
HFZ’s construction financing included a $1.25 billion senior mortgage from a subsidiary of The Children’s Investment Fund, a $258 million EB-5 mezzanine loan, and roughly $225 million of HFZ’s own equity — total project cost was estimated at more than $1.9 billion.
By late 2021, HFZ’s wider financial troubles — a wave of lawsuits, liens, and foreclosures across its other projects — had stalled exterior and interior work entirely. The Six Senses hotel never opened under HFZ’s ownership.
Witkoff, Access Industries, and the Rescue
The Children’s Investment Fund’s lending subsidiary scheduled a UCC foreclosure on HFZ’s equity stake in the project. Rather than let the process play out publicly, Steve Witkoff’s Witkoff Group and Len Blavatnik’s Access Industries bought the stalled project at foreclosure for approximately $900 million in December 2021, bringing in Monroe Capital as a third partner.
The new owners dropped the “XI” name, rebranded the project One High Line, and finished construction and the remaining facade work, which wrapped up in 2023 — the design itself, and BIG’s role as architect, carried over unchanged from the HFZ era.
Six Senses to Faena: A Hotel Operator Swap
The hotel component didn’t survive the ownership change unchanged. Six Senses New York, first announced in 2016 for the East Tower’s lower ten floors, never opened — construction stalled under HFZ before the brand’s buildout was complete.
Under Witkoff and Access Industries, Faena Group and Accor’s Faena New York took the space instead, preserving much of the original design team: Gilles & Boissier’s hotel interiors and Gabellini Sheppard’s amenity design both carried over from the Six Senses plans. Faena New York opened its 120 rooms and suites, a 17,000-square-foot spa, and a restaurant in September 2025.
Sales and the January 2026 Refinancing
Sales under the new ownership relaunched in mid-2022 and have been steady since: by February 2025, the project had passed $1 billion in closed sales with roughly 80 of 236 condominiums remaining, and contracts have continued signing since, including a penthouse asking around $27 million in June 2026.
To carry the remaining unsold inventory and retire existing debt, Witkoff, Access Industries, and Monroe Capital closed a $1.2 billion refinancing on January 31, 2026, arranged by Walker & Dunlop, with JPMorgan Chase as senior lender and TYKO Capital (backed by Elliott Investment Management) providing mezzanine financing.
Some reporting described the same closing as a $525 million loan rather than $1.2 billion — likely a reference to one tranche of a larger package rather than a true contradiction, though Hush Street has not independently reconciled the two figures.
Timeline
HFZ Capital Group, led by Ziel Feldman, buys the assemblage at 76 Eleventh Avenue from Edison Properties for $870 million and begins planning what it calls "The XI."
The Children's Investment Fund provides a $1.25 billion senior mortgage; the project also carries a $258 million EB-5 mezzanine loan and roughly $225 million of HFZ equity.
Pricing initially ranges from $2.8 million to $25 million; the project's total cost is later estimated at more than $1.9 billion.
HFZ, facing a wider financial collapse and numerous lawsuits and liens, runs out of money to continue exterior and interior work; the planned Six Senses New York hotel never opens.
The Children's Investment Fund's lending subsidiary schedules a UCC foreclosure on HFZ's equity stake; Witkoff Group and Access Industries buy the stalled project for approximately $900 million and bring in Monroe Capital as a partner.
The new ownership drops "The XI" name, restarts sales, and replaces the planned Six Senses hotel with Faena New York.
The continuous curtain wall of more than 1,400 curved, fritted glass panes is finished across both towers.
The 120-key hotel, with interiors by Gilles & Boissier and a 17,000-square-foot Tierra Santa Healing House spa, opens across the East Tower's lower ten floors.
With roughly 80 of 236 condominiums remaining, cumulative closed sales surpass $1 billion.
Witkoff, Access Industries, and Monroe Capital close financing led by JPMorgan Chase (senior) and TYKO Capital/Elliott Investment Management (mezzanine), arranged by Walker & Dunlop, to repay existing debt and fund remaining costs and carry reserves on unsold units.
A penthouse asking roughly $27 million goes into contract, one of several late-stage sales as the building approaches sellout.
Location
One High Line sits at 76 Eleventh Avenue and 500 West 18th Street, between 17th and 18th Streets, directly alongside the High Line elevated park in West Chelsea. View on Google Maps.
Sources
Sources: Wikipedia; The Real Deal (foreclosure, rebrand); Crain’s New York Business; The Real Deal (sales pace); TopHotel News (Faena); Leisure Opportunities (hotel operator swap); Walker & Dunlop (refinancing); The Real Deal ($525M loan report); The Real Deal (2026 penthouse sale).
Hush Street Editorial researches and reports on the projects, permits, and physical changes reshaping Brooklyn — and, more broadly, New York City. Reporting draws on primary-source city records — Department of Buildings filings, land-use and planning applications, agency and community-board documents — verified and cross-checked against independent reporting where it exists. Coverage is continuously updated as new filings and decisions are recorded, and confirmed facts are distinguished from open questions.
