The seemingly perpetually under-construction Hudson Yards redevelopment – spanning the area from 29th to 43rd streets between 7th Avenue and the West Side Highway in Manhattan – is often the target of critique for everything from courting a deluge of visitors while providing potentially inadequate transportation; to offering a neighborhood's worth of only so-so culinary options as selected entirely by two deep-pocketed real estate developers; and for sinking $374 million into what could be “the most expensive per acre” park development in the city, while the rest of the park system struggles.
Meanwhile, tourists and locals alike tranquilly stroll along the High Line, an elevated park flanked with sculptures, agriculture and other artistic installations, which overlaps Hudson Yards from 34th Street heading south to Gansevoort Street and ending at the recently-relocated Whitney Museum of American Art.
While Hudson Yards gets much of the heat – and construction has admittedly tapered off near the High Line over the past few years – condo projects are still popping up in the area under the stewardship of world-class designers and developers. Curbed reported on three properties of note in the last month or so:
- Sales have launched for 14 of the eventual 236 condos at The XI (pronounced “The Eleventh”), a project that consists of a 26-story East Tower and 36-story West Tower, which will contain 87 and 149 units respectively. The twisting, spiral design of the project comes courtesy of the Bjarke Ingels Group – humbly abbreviated as 'BIG' – which has headquarters in both New York and Copenhagen. A one-bedroom unit can be procured for a cool $2.85 million, while the more spacious five-bedroom penthouse comes in at $28 million. Construction looks to be completed toward the end of next year.
- A lot that once housed an auto-body shop at 500 West 25th Street will soon be home to a luxury condo with just eight units – seven of which will be three-bedroom full-floor residences, and the eighth a duplex penthouse taking up multiple floors at the top of the building. GDS Development is behind the project, which, as of yet as not announced a launch date.
- Finally, a block away at 514 West 24th Street is The Fitzroy, which is in the final stages of facade installation. Some of the 14 condos at the 10-story building were for sale as early as November 2015. The project was developed by JDS and Largo Investments, and still looks to open by year's end.
The High Line was also recently the site for one of the most expensive real estate transactions in city history: a three-story penthouse in The Getty at West 24th Street and 10th Avenue reportedly went for a vertigo-inducing $59 million. The six-bedroom apartment was purchased by billionaire Robert Smith, founder of Vista Equity Partners, and the total square footage comes to about 10,000. The entire property was designed by Peter Marino, an architect known for the flagship stores of luxury brands like Dior and Louis Vuitton.
Speaking to Forbes, Ran Korolik, Executive Vice President and Partner of developer Victor Partners, had this to say about Marino:
“In the world of ultra-billionaires, he's the stamp of approval for high-end design.”
Mike Odenthal is a staff writer at The Cooperator.