Apartment rentals New York with Roosevelt Island Luxury Apartments for Rent

Roosevelt Island Transformed by New Apartment Buildings and Stores

Luxury rental apartments in Roosevelt Island are on the riseIt's no secret that Roosevelt Island has always been Manhattan's stepchild. The 2-mile long island sits right across from the Upper East Side in the East River, but no one has ever confused the two. The Brutalist-style apartment complexes and limited retail and dining options couldn’t stand in starker contrast to the Upper East Side’s glamorous pre-war apartment buildings and high culture. But changes are happening as we speak. A joint venture between Related Companies and Hudson Companies is building a totally new neighborhood on Roosevelt Island called Riverwalk. Plus, Hudson Cos. recently took over the 100,000 square foot retail corridor from the Roosevelt Island Operating Corporation, a state agency that developed and manages the Island, and New York City’s best known chain stores are already moving in. What this means for Manhattan apartment renters is simple: luxury apartments on Roosevelt Island are a steal right now.

Cornell University Enters Race to Win Roosevelt Island Campus Spot

Manhattan Luxury Rentals - Roosevelt IslandRoosevelt Island has been getting a lot of attention lately, what with the Octagon taking huge strides in New York State’s green building practices and Riverwalk Court and Manhattan Park offering luxury apartments for rent in an extremely unique Manhattan neighborhood. Roosevelt Island, currently undergoing development, has been enjoying a burst of popularity and has slowly been climbing the charts when it comes to Manhattan’s “neighborhoods to watch” list. Now, Roosevelt Island gives us one more reason to take a close look at this tiny island on the East River: a competition amongst some of the world’s largest engineering and applied science programs for space to build a campus on the island.

Last week, Mayor Bloomberg announced that the city is offering up to $100 million to the development of a major engineering and applied science campus on Roosevelt Island. Cornell University is among the colleges looking to grab this offer and strengthen their (already notable) New York City presence. The Ivy League school isn’t the only school, however, that is hoping to get their hands on this deal. Stanford University and other international schools are competing for the spot as well. But one thing's for sure: whatever school secures the campus grant will bring a new demographic to Roosevelt Island of grad students and college kids, likely spurring the development of this growing section of Manhattan.