What Downturn? Raft of New Manhattan Luxury Rentals Coming To Market Soon
If you've been reading the Luxury Rentals Manhattan Blog, you already know that the market for NYC rentals has favored the renter pretty significantly of late, even in desirable neighborhoods such as the Financial District. But New York City real estate is New York City real estate -- the market won't stay down for long, and the announcement of a host of new luxury rental developments in Manhattan reflects that reality. The Real Deal provides a rundown of these new luxury rental buildings. Meet us in the next graf for more.
The Ashley, a sister building to new condo The Aldyn, will be the first to hit the market when it begins renting in April. "Two-bedrooms will range in size starting at 1,200 square feet, and three-bedrooms will start at 1,800 square feet," TRD reports, with high-ish rents ($2500 per month for studios, and up from there) reflecting those generous floor plans. Leasing will begin in May on a new rental project, tentatively titled The Townsend, at 350 West 37th Street at Ninth Avenue. The piece also makes brief, tantalizing mention of architect Frank Gehry's awesome-looking Beekman Tower at 8 Spruce Street in the Financial District. More on that one -- and on any and all other new rental apartment listings that hit the market -- as we hear about them.