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Main Eventi: Rental Apartments in Chelsea Luxury Hotel Eventi Get Name, Leasing Date

Given the jaw-dropping price tags involved, this fact is pretty academic for most New Yorkers, but you may be interested to know that it is common practice for ultra-luxury hotels to set aside a few floors as ultra-luxury condos. It's not exactly clear who is laying down the money necessary for the luxury condos at The Mark or The Residences at The Mandarin Oriental, but neither is it difficult to see what's appealing about an apartment within a luxury hotel -- from the full-service experience to the high-end amenities, anyone who has ever stayed in a fancy hotel is surely familiar with the wish to stay forever. More rare than that, though, and notably more welcome for those New Yorkers who can't cut an $18 million check for a three-bedroom spot at The Mandarin Oriental -- so, basically everyone but A-Rod -- is a luxury hotel setting aside floors for luxury rentals. The just-opened Eventi Hotel at 835 Sixth Avenue, between 28th and 29th Street, is doing just that. The rental apartments at the Eventi will be known as The Beatrice, and are located on the top 24 floors of the hotel. While The Beatrice is still three weeks shy of its leasing date, early chatter on this new Chelsea luxury rental project suggest that The Beatrice will be one of the elite Chelsea luxury rental listings on the market.

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Birth of a Neighborhood: Meet "The Linc," The Lincoln Tunnel-Adjacent Semi-Neighborhood That's Home To Numerous New Manhattan Rental Listings

Manhattan is a lot of things, but it isn't a terribly big island, space-wise. Which is nice if you're walking, but presents a problem for the NYC real estate developers whose job it is to ensure an ever-growing number of Manhattan rental apartment listings. But just because Manhattan is full of millions of people -- and already home to many thousands of apartment rental listings -- doesn't mean that it's impossible to carve a new neighborhood from one of the last swaths of unused space in Manhattan. Meet "The Linc," a hopefully named semi-neighborhood rising in the hazy post-industrial area around the Lincoln Tunnel on Manhattan's west side. A recent rezoning -- in concert with that unslakeable thirst for new residential space -- has opened up The Linc (we can go without the quotes, right?) to a flurry of new construction residential development. In the Daily News, Jason Sheftell writes about what NYC dwellers can expect to see in The Linc over the next few years. Spoiler alert: the answer is new construction rental apartments, and lots of them, from such blue-chip developers as Glenwood and Related Companies.

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Getting In The Zone: Department of City Planning Considering Re-Zoning Tribeca To Create More Residential Space

There's a lot to like about Tribeca, which is home to some of the most distinctive-looking blocks in Manhattan, as well as some of NYC's finest restaurants, shopping and art galleries. All of which makes it even more of a pity that there are relatively few rental listings in Tribeca, relative to its neighbors. But while the existing building stock in Tribeca -- much of it a century old and safely landmarked -- will probably prevent it from becoming a luxury rental listing mecca like the Financial District (Tribeca's neighbor to the south) or Soho (its neighbor to the North), a long-awaited plan to re-zone the largely industrial northern part of Tribeca to allow for more residential development is beginning to make its way through the Dpeartment of City Planning and Community Board 1. If approved, the re-zoning of Tribeca could make for a boom in Tribeca apartment listings, and thus make it easier to find a place to live in one of Manhattan's coolest residential neighborhoods.

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May's Real Estate Numbers, Crunched: Manhattan Apartment Vacancy Rates Down, Manhattan Rental Prices Up, Renter's Market... Fading

First things first: there are still plenty of good deals out there on Manhattan rental apartments, and even a healthy number of no-fee rental listings in Manhattan. But as the economy continues its slow bounce-back and the Manhattan real estate market follows suit, it looks more and more like the long renter's market for NYC apartments is drawing to a close. The Real Deal's report on May's Manhattan apartment rental statistics bears this out: citywide apartment vacancy is down to under one percent again, and finding a West Village rental (a .33% vacancy rate) or a rental apartment in Chelsea (.52% vacancy rate) is as hard as it has been in years. But, thankfully, at least for those looking for Manhattan rental apartments, May's stats are not all bad news.

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From "No Fee" To "No, Fee": WSJ Reports That Landlords Less Willing To Pay Broker's Fees On Manhattan Rental Apartments

We obviously spend a great deal of time surveying the market for Manhattan rental apartments here at the Luxury Rentals Manhattan blog -- the fact that this is the Luxury Rentals Manhattan blog might've been some indication of this. But while there's plenty of good news for NYC dwellers looking for a luxury rental in Manhattan, and we do our best to report it, the one topic we've kept coming back to over recent weeks and months is the decline (or not-decline) of the renter's market in Manhattan real estate. For the time being, we'd describe the renter's market as, if you'll pardon the real estate jargon, "still kind of happening, for the most part." But while prices are still fairly low on Manhattan rental listings, the perks that defined the renter's market at its peak -- from landlords paying fees to highly negotiable listing prices on rental apartments -- seem to be fading into the past. In the Wall Street Journal, Dawn Potapka delivers an obituary for the days of landlords gladly paying fees on Manhattan apartments. Let us bow our heads:

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View From The Balcony, or Are Balconies Still A Perk On Manhattan Rental Apartments?

By all accounts, the sad and scary death of a Murray Hill renter last month after he fell from a not-up-to-code balcony was both a fluke accident and the product of some serious oversight on the part of the building manager. It's not the sort of thing anyone likes to think about, this sort of thing, and for obvious reasons. But if you go through the rental apartment listings at Luxury Rentals Manhattan, you're going to notice that balconies are something we talk about a lot. We do this because, as Manhattan apartment perks go, balconies are pretty cool and pretty in-demand. A perch above it all, a bit of private space, an opportunity to grab some fresh air -- these are things that NYC dwellers want in a Manhattan rental apartment, and they are things that NYC dwellers will continue to want in a Manhattan rental apartment. We're not in the prediction business here at the Luxury Rentals Manhattan blog, but that seems like a fairly easy prediction to make. That said/fearlessly predicted, as New York Magazine's S. Jhoanna Robledo reports, more and more people are getting antsy about what was once a pretty sweet Manhattan apartment perk.

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The Last Concession? Post Reports Concessions In Decline At New York City Rentals

We've been writing about the renter's market in Manhattan rentals here at Luxury Rentals Manhattan for months now, but much of what we've been writing about the renter's market has been about its imminent end. Is it here yet? How about now? Maybe while we were at lunch? The answer to those (incessant) questions remains more or less the same: the market for rental apartments in Manhattan is still tilted towards renters, but it appears to be in the midst of a return to the mean. Which in turn means, as the New York Post reports today, that it's increasingly tough for NYC dwellers to get the sort of concessions on Manhattan rentals that they routinely received during the heyday of the renter's market. Using Clinton luxury rental success story 505 West 37th as a test case, the Post's Katherine Dykstra reports that while concessions are down, the market is not totally back to its boom-era levels.

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Upper West Side Table-Turn: New York Times "Hunt" Author Becomes Hunted, Reveals Upper West Side Rental Apartment

Manhattan real estate heads already know that Joyce Cohen's "The Hunt" column in the New York Times is one of the more enjoyable Manhattan real estate reads out there. But as entertaining as it is to read Cohen's interviews with people seeking (and finding) rental apartments in Manhattan, there's always the matter of authorial distance. That is -- and we're not going to get too lit-crit on you, both because it's been a long time since college and because this is the blog on a website about luxury rental apartments in Manhattan -- the question of where and how Cohen herself lives. Does it color her perspective? Bias her discussion of neighborhoods? Are her ceilings higher than yours?

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Rents Are Up On Manhattan Rental Apartments. So, Is the Renter's Market in NYC Real Estate's Time Up?

The Manhattan real estate market is a volatile and complicated thing. Given that you're almost certainly at Luxury Rentals Manhattan because you're searching for a rental apartment in Manhattan, you already know about the "complicated" part. But the volatility of the NYC rental market is what makes Manhattan real estate such a fascinating thing. Well, that volatility and the volatility of NYC real estate market watchers, who tend to freak out about even the smallest bit of real estate news. The Wall Street Journal's recent report that Manhattan rents rose 0.9% in the first quarter of 2010 is one such bit of real estate news, but the freakout it has precipitated is not entirely uncalled for. The rise in Manhattan rental prices was the first such bump in NYC rents in five quarters, and has Curbed, among other websites, wondering if the long renter's market on Manhattan rental apartments is drawing to a close. So, is it?

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