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Chelsea Lately: Does The Imminent High Line Extension Raise Fortunes For Chelsea Rentals?

We've written before about both our crush on Chelsea's High Line and the hugely salutary effect the beloved, beautiful Chelsea park has had on the apartments for rent near The High Line. For condominiums for sale near the High Line, that proximity has led to a spike in both value and demand. For the select few Chelsea rental listings lucky enough to be High Line adjacent, the effect has been the same. The good news, though, both for those looking for rental apartments in Chelsea and those of us who simply enjoy walking on Manhattan's loveliest new park, is that The High Line keeps growing. Which means that the number of apartment listings near The High Line keeps growing as well. The sound you are hearing is landlords, developers and Chelsea renters high-fiving one another. With news -- and pictures -- of the ongoing High Line expansion reaching the New York Times yesterday, you may have to fight the urge to high-five yourself. It's not easy for us, either.

Phase Two of the High Line to be Completed Next Spring

Watch out Chelsea: the second part of the High Line will be complete next spring and along with it will come more attention to your luxury Manhattan rentals.  With the first phase of the project already open, alive and bustling with NYC dwellers and tourists alike some 30 feet above Chelsea, this old railway turned public park is a pretty unique part of New York City. Ten more blocks of High Line, running from 20th Street up to 30th Street in Chelsea, promise to deliver the same benefits as the first stretch: unmatched Hudson River views, a lively hangout scene, beautiful local grasses and plants, and -- perhaps most important for Luxury Rentals Manhattan's purposes -- a serious boost for the luxury rental listings lucky enough to sit in the portion of Chelsea nearest The High Line.