New York City Luxury Rental Blog Archives for December 2010

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.

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What Can Prosciutto Do For You: Has Mario Batali's Eataly Helped Murray Hill Rentals?

We're on the record here at the Luxury Rentals Manhattan blog with our feelings about new neighborhoods. But if you need a refresher, we're willing to entertain the possibility that neighborhoods such as The Linc (i.e. Hudson Yards) and NoMad could become hot new Manhattan residential 'hoods, but we're not necessarily on board with the goofy names. NoMad is the not-so-convincing but also not-so-bad name given to the rising neighborhood on the fringes of Murray Hill and Gramercy. We write about NoMad not because we're lovers of real estate conjuncto-neologisms -- although, of course, who isn't? -- but because it's actually a really interesting young neighborhood, and home to a couple of excellent rental listings, most notably The Biltmore Plaza and Madison Belvedere. More importantly, though, NoMad has a real buzz about it, thanks in large part to destination hangouts like Ace Hotel, a host of new luxury condos, and a bumper crop of hot new eateries. To say that Eataly, the blockbuster new Mario Batali-helmed Italian food emporium, has become one of NoMad's signature landmarks is a huge understatement. Eataly, in just a few short months in business, has helped make NoMad one of Manhattan's hottest food neighborhoods -- and boosted this sub-neighborhood's fortunes even higher. Especially among those of us who enjoy prosciutto.

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