Articles on East River Waterfront

The Changing Face of the Lower East Side

The Lower East Side waterfront will experience a dramatic makeover in the coming decade.

The Million-Dollar Views of Manhattan

People looking for an apartment in Manhattan often have a long list of features they expect to see in their dream homes. These can range from something simple like wanting a lot of space in their rooms to something more fantastical like wanting a celebrity neighbor! But one of the common things that almost all apartment hunters in the city would like to have is, quite simply, a good view. In a city known for having high-rise buildings standing choc-a-bloc with each other, there is a huge demand from New York’s luxury apartment dwellers for homes that have windows looking out into something more pleasing that another concrete structure.

New Property in Midtown East Goes on Sale For...

Down in the far part of Midtown East property for saleMidtown East, almost to the river, a new development site has gone on the market at 249-53 East 50th Street. The listing agent for this piece of property is Ariel Property Advisors, the investment property sales firm founded in 2002. It’s 44,000 square feet big with 55 feet of frontage between Second and Third Avenue, and while there are currently three four-story buildings already built, the property will be delivered vacant. The president of Ariel Property Advisors, Shimon Shkury, recommends building condos. He said luxury condos in this part of town are going for over $1,100 per square foot, and will continue to rise. And what is he asking for such a profitable piece of property? Nothing. There’s no price. Rather this land, which will one day be full of luxury condos for sale, is being sold for whatever you’ve got.

Excitement Over the East River Esplanade

East River Waterfront in Manhattan

At New Construction Manhattan, we’re huge fans of the High Line, but it’s great to hear that it might have a little competition on the East River. The two-mile-long East River Waterfront Esplanade that runs from the Battery Maritime Building to Montgomery Street opened on July 14 and is quickly becoming a hit. The park has features similar to the High Line, but they are in no way the same. While the High Line is a raised park, the Esplanade is located underneath FDR Drive, providing shady spots on hot summer days.

On The (East River) Waterfront: New Waterfront Park Opens in FiDi

East River Waterfront view in New York CityAnyone who has ever lived in Manhattan and entertained guests who do not live in Manhattan has been there. You’re on Wall Street, showing your family where the Dutch once built their defenses that gave the street its name. Tourists crowd in, snapping photos of one another and begging you to do the same. You haven’t had caffeine yet today and your head is thumping like a drum. You need to grab some fresh air and recoup because you’ve promised to take your family to a nice place on the Upper East Side for dinner, but you’re out of luck because you’ve got no access to the water unless you walk to the Battery, which is clogged with the same types of tourists who’ve driven you to near-madness in the first place.

Now, we bring you news of freedom: the East River Waterfront opened its first leg on Monday -- that's a rendering above -- and it's exactly what those suffering Financial District fatigue needed. The East River Waterfront as presently constituted is fairly modest: a two-block greenspace running between Maiden Lane and Wall Street, featuring 4,000-foot dog run, benches with a view of the Brooklyn Bridge and Downtown Brooklyn, and steps leading down to the banks of the East River. As impressive as the East River Waterfront is now, though, it's only the first step in opening the neglected East River waterfront -- and that's good news indeed for those living in or hoping to buy Financial District condominiums.