West Chelsea is no longer just a haven for painters and galleries; it’s home to more and more high-income couples with kids, the New York Times reported.
It’s no coincidence. Avenues is a state-of-the-art school that just wrapped up its first year; two of the three phases of the High Line are done and the last one should be finished by next spring; and more three-bedroom apartments are going up fast. Right now, three residential projects are rising.
Details have also emerged about 500 West 21st Street’s 32 luxury units, which will be spacious, and marketed at families, with many around 4,000 square feet. The apartments are expected to sell for about $2,500 per square foot
At 560 West 24th Street, developer Adam Gordon is building a condominium that will have eight roomy homes.
“With Avenues school alone,” Gordson said, “it is going to bring something on the order of 1,200 children and their parents… which will drive very significant sales.”
The demand for more space is evident in the numbers: In just three years, the number of homes for sale has dropped by a third and prices have jumped by 7 percent, to a median of $3.6 million. It used to be that the Upper East and Upper West sides were traditionally where the families were. Now, all this has changed.
Ultra-posh homes are coming to 522 West 29th Street. The building will be 11 stories but have only 27 apartments. In other words: Each one will be roomy. The developers, Black House Development and Oriel, are putting in private soaking pools and double-height ceilings.
The 1,000 foot skyscraper that Moinian Group is putting up at 3 Hudson Boulevard, at 11th Avenue between 34th and 35th streets, will have condos on its upper floors, 49 through 63. The lower floors: shops, of course!
When I moved to West Chelsea in 2006 in one into one the newer developments along the proposed High Line I knew it would be one of the most vibrant and energetic areas to live in. New York city has always ignited my passion for real estate and raising our family here. Now thanks to these amazing developments there are many more families that can have a lifestyle with room to grow in these extraordinary homes.