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Looking Back on 2013: Top 10 Real Estate Stories in NYC
This year was huge for real estate in New York City, as new construction soared to pre-crash levels. Before we look forward to 2014, let's count down (in no particular order) 10 of the biggest real estate stories in 2013.
511 West 35th Street: More Residential Space in Hudson Yards
Last month, Alloy Development listed a large parcel of land it owns in the Hudson Yards area for $75 million. The site at 511 West 35th Street could soon see a tower with as much as 500,000 square feet of space built, and now Alloy hasreleased renderings of its own, meaning the site might not actually trade hands.
SuperPier: Up, Up and Away!
When Pier 57 was constructed along the Hudson in 1952, it was hailed as an engineering feat. Rather than using standard piles, Pier 57 was Manhattan’s first pier built to float on concrete boxes. Over the years, the Pier’s “super” popularity waned, but one developer intends to bring Pier 57 back into the spotlight.
415 Eighth Avenue Could Bring New Condos to Chelsea
A lot primed for development across the street from Penn Station and the future Moynihan Station has hit the market. 415 Eighth Avenue is currently a parking lot, but the 11,110 square-foot parcel of land is likely to go the way of residential development.
Ultra-Luxe Row: the Supertall Condos of 57th Street
Image Courtesy of JDS Development
From Hudson Yards, to the World Trade Center, the skyline of New York City is undergoing some serious changes. While the previously mentioned sites primarily focus on commercial development, there’s a popular stretch of land along the southern end of Central Park that is undergoing unprecedented residential development. Here’s a look at the luxury skyscrapers of 57th Street.
The Most Expensive Home in New York City Asks for $130 Million
What kind of home does $130 million buy you in New York City? Well, you could always buy 130 million-dollar homes. Or, you could spend all $130 million on the biggest and most expensive residence in New York City.
Hudson Yards Shaping the Far West Side
Image Provided by Visual House
When Related Companies completes its massive Hudson Yards development, the far West Side neighborhood will be unrecognizable from what is currently the largest piece of undeveloped land in Manhattan. Construction on what will be the first tower to open, 10 Hudson Yards, , but the 52-story tower is just one piece of the 17-million-square-foot puzzle.
Hell's Kitchen New Condo Construction Heating Up
Over the weekend, Gotham West Market opened its doors to the hungry public. The 10,000 square-foot space reminiscent of Chelsea Market is serving up gourmet food from the Brooklyn Kitchen, El Colmado, Ivan Ramen Slurp Shop and more.
Gotham West Market was developed by the Gotham Organization as an integral feature of the Gotham West residential building, which is bringing 1,238 rental apartments to 550 West 45th Street in Hell’s Kitchen.
NYC Celebrity Real Estate: Staring Lower Manhattan
Celebrities love New York City. And for the rest of us, well, of course we love it too, but it’s an added bonus that every time we step outside, we might cross paths with , musician, athlete, etc. You can in basically any neighborhood in the City, but celebrities have taken a clear liking to the cool neighborhoods of Lower Manhattan.