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NEW YORK CITY — Sherwood Equities has acquired the title to a development site located along Manhattan's High Line. The site, known alternately as 500 W. 21st St. and 175 10th Ave., currently contains a 19,000-square-foot garage. The previous owner, which was foreclosed on last year, was reportedly planning to develop the site into a boutique hotel. Sherwood plans to improve the building and lease it as a gallery in the short-term, but the site, which features a full blockfront bordering the High Line, can support approximately 100,000 square feet of new development consisting of residential, hotel, office and retail space.