Apartment rentals New York with Midtown West Rental Listings

Nothing in recent Manhattan history has spurred development like Hudson Yards in Midtown West is now. Since 2005, the one-time site of Mayor Bloomberg’s failed Olympics bid has seen the construction of 15 Manhattan luxury condo buildings and 12 hotels. News about development projects in the area are released every day it seems, and every real estate insider projects that development will skyrocket in the Far West Side over the next several years. Even building projects not directly inside the Hudson Yards boundaries have the area to thank for their existence. Gotham West, a massive construction project that will take up an entire block, is one such building. From 44^th to 45^th Street and Tenth to Eleventh Avenue, Gotham West is a four-tower rental and condo hybrid that plans to offer 1,263 housing units, 556 of which will be apartments for rent.

The words Manhattan and real estate development have long been synonymous, so it should come as no surprise when The Real Deal recently announced that the Gotham Organization would be taking on one of the largest new construction projects in Manhattan yet. The Gotham Organization project is expected to cost over $520 million and consists of four separate buildings spanning an entire Manhattan city block at 550 West 45th Street between 10th and 11th Avenue. Out of the 1,238 expected units for rent, close to 600 of them will be constructed with low-, moderate- and middle-income New Yorkers in mind.

You’ve got your fired-up barbecues, of course. And the beach trips and baseball games and farmer’s markets and sweltering subway stations and, with ever more frequency, weather nice enough to induce the urge to simply lie down and relax wherever or take long, otherwise unmotivated walks. All of which is to say that it’s officially and incontrovertibly summer in New York City. With all those good things (and the sweltering subways, which one eventually just learns to deal with) comes another NYC summer tradition -- the arrival of the annual warm-weather boom in Manhattan real estate. We noted its first green shoots in the Luxury Rentals Manhattan blog last month, and -- same as it does every summer -- the Manhattan luxury rental marketplace is in something very much like full bloom as July arrives.

Of course, as anyone searching for an apartment in NYC already knows, the words “strong Manhattan real estate market” bode better for landlords than those browsing Manhattan rental listings. But there’s good news for both renters and landlords alike in June’s luxury rental statistics. Sustained high demand and lower vacancy rates will (as they usually do) delight landlords. But those browsing Manhattan rental listings can take heart knowing that there are still plenty of deals to be had on luxury rental apartments.

Manhattan real estate is the land of acronyms and abbreviations, and from Soho apartment listings to FiDi rentals to apartments on the LES, it's one that New Yorkers speak every day without even noticing it. So, in a certain sense, MiMA -- a hybrid new luxury rental and condominium building from The Related Companies whose name is short for Middle of Manhattan -- fits right in. In just about every other way, though, MiMA stands out -- for its location on 42nd Street and 10th Avenue, at the heart of booming Clinton; for its stellar suite of amenities; for its luxurious (and not-at-all cheap) apartments for rent. MiMA is as ambitious and extravagantly amenitized a new construction luxury rental development as Manhattan has seen since... well, since Midtown West neighbor The Ashley, probably. But MiMA is also further proof that Manhattan's high-end rental market is returning to robust health -- Manhattan rental listings don't come much more luxurious than this.