TOWN Residential is one of the foremost names in NYC luxury real estate and delivers the best-in-class customer service. An integral part of New York’s competitive real estate landscape, TOWN Residential has their finger on the pulse of the most exciting upcoming NYC luxury apartment real estate projects. Without further adieu, TOWN Residential brings you the “7 Most Exciting Fall NYC Luxury Real Estate Projects.”
1) The Rezoning Of East Midtown – Zoning codes have not been updated in East Midtown since 1961 and it shows. However, a comprehensive and complex proposal to allow new development in the historic commercial district was recently initiated by the Department of City Planning. However, before any serious building can begin, the proposal will need to survive a further review process, including approval by the mayor and City Council.
2) One Vanderbilt – With only one commercial lease signed so far, the 1,500-foot-tall tower boasts an impressive 1.6 million square feet.
3) 28 Liberty St. And 550 Madison Ave. – These two first-class towers will be put to the test with steep competition in the surrounding Midtown area. 28 Liberty, formerly Chase Plaza, has One million square feet available. 550 Madison, formerly Sony tower, is totally vacant and offers 850,000 square feet of usable space.
4) Two World Trade Center – Larry Silverstein has his sights on cementing his legacy with the WTC’s final planned tower.
5) The “Marseillaise” – The unveiling of a colossal $200 million sculpture, envisioned by British artist Thomas Heatherwick, will complete a central part of Hudson Yards’ immense public plaza. The plaza is also cited to include a number of restaurants curated by Thomas Keller and a Neiman Marcus.
6) Durst’s Harlem – Douglas Durst has his eyes set on a large development site located at 1800 Park Ave. Foundation was formerly laid at the site for a planned apartment project which subsequently fell through.
7) Second Avenue Subway – This 4.5 billion project aims to extend the Q line to East 96th Street. However, the MTA’s newest line is projected by auditors not to meet its December deadline.