West 23 street between 6th and 8th avenue is where these photos were shot early this morning while the City that never sleeps was still getting up. The Chelsea Hotel is picture as well as Peloton and small mom and pop shops which are less and less common as we walk the streets of Manhattan.
The Apple Store that is slated for 74street and Madison avenue continues to be built out amid NIMBYism from local residents who are worried about its impact on the neighborhood.
The locals have even ciruclated a petition with several hundred signatures to ask the Community Board to recommend Apple pursue other locations. Amid their worries are people camping out and long lines adding further congestion to narrow sidewalks as Apple launches new product offerings.
Read the Wall Street Journal coverage.
Just as the Whitney inaugurated their new Chelsea home, several other art galleries are enlarging their spaces. Pace Gallery will move into a much larger space and Hauser & Wirth is also planning new building on West 22nd street. Rents have nearly tripled in the last 5 years according to the WSJ article. Some smaller galleries have been priced out of the West Chelsea area and forced to relocate.
With the Highline and the many new luxury condos and rentals in and around it, the west Chelsea area has seen a spike in prices. Annabelle Selldorf, whose handiwork is on view in the luxury condo 200 11th ave, aka the SkyGarage, as well 10 Bond street in Noho, is designing the building for Hauser and Wirth.
The former rental of former New York Knick Iman Shumpert is on the market as of yesterday for $3.8 million. The property in the Hamilton Heights Historic district is 20 feet wide with high ceilings.
If sold at asking price this would set a record for Harlem where the previous record for a townhouse sale was the one purchased by Neil Patrick Harris. With low inventory and this home’s high end finishes you never know….
There are a number of interesting new developments either already in the market as well on the way to market on Manhattan’s upper east side. They range from the affordable luxury of Related’s Carnegie Park at 200 East 94 street to Zeckendorf’s opulent collaboration with Robert A.M. Stern at 520 Park avenue. The latter will have a triplex penthouse reportedly that will ask $130mm.
The trend as in most parts of Manhattan is for larger apartments and several condos have apartments that start at over 3000 sqft. What’s interesting though is that many projects have gone East of Lexington avenue which in the past they did not. Amongst those are 20 East end which has had brisk sales.
7 Harrison street is a 12 unit boutique condo loft whose residents include Steven Soderbergh and David Fincher. They bought units in this building for just over $8mm and $6mm respectively. The penthouse has not sold however and they have decided to cut the price from $34mm to $29.95mm.
According to Streeteasy.com, the penthouse has 6434 sqft including 6 bedrooms and 6baths plus 5 half baths. In contract at 7 Harrison street is apt 5s which was asking $5.65mm for a 3bd/3ba with slightly more than 2000 sqft.
The South Street Seaport project in Manhattan has been stalled. The Howard Hughes Corp has promised a $300mm amenity package inlcuding a school and affordable housing. However, the developer has also planned a nearly 500 ft tall condo tower over the water which many locals including politicians are against.
Local politicians including Gale Brewer, the Manhattan Borough president, would prefer to see the City develop the area and does not want a large tower overshadowing the low rise nature of the South Street Seaport Historic disctrict.
Article about Howard Hughes Corp attempt to develop South Street Seaport
Frank Sinatra’s former 3200 sqft apartment at 530 E 72 street aka The Edgewater co-op is now sold. The apartment featured a triplex layout, a terrace and a roofdeck overlooking the East River.
The seller had bought it from Old Blue Eyes and completed a renovation. The selling price according to the Wall Street Journal article was $4.93 million. Mr. Sinatra had bought it new and until four years ago it was hardly changd at all.
Read the WSJ article below and see CurbedNY’s take on it as well.
The Daily News is running a story about a 1 bedroom condo penthouse on the Upper west side of Manhattan that comes with an urban farm. The seller who is also a real estate broker and his husband will leave two chickens and their coop (not their co-op, sorry couldn’t resist that one) for the right buyers.
The apartment is located in a walkup building and has two floors with two outdoor spaces. Their asking price is $1.195 million. Read the NYDN article by clicking the link below and view the listing on streeteasy as well.
