The New York Real Estate market sure is thriving. Here’s a preview to the top deals this fall.
Midtown East Rezoning: This 57-block Manhattan district is home to old NYC properties. Zoning rules written in 1961 have made new construction impossible.
But this could soon change. The Department of City Planning has set in motion a comprehensive proposal to allow larger and taller NYC properties in this district.
One Vanderbilt: the 1,500-foot-tall building has a total of 1.6 million square feet. But it’s only signed a single tenant. More leases are sure to be signed.
28 Liberty Street and 550 Madison Ave: 28 Liberty Street is a landmark NYC property constructed in 1961. One million of its 2.2 million square feet is available.
550 Madison Ave opened in 1984. It’s now completely vacant. The new owner is Olayan America.
Two World Trade Center: Famed builder Larry Silverstein is hungry to score a tenant after News Corp. and 21st Century Fox recently decided not to go ahead with a nonbinding letter of intent.
The “Marseillaise”: A $200 million sculpture will be unveiled later this month as the focal point of a public plaza at Hudson Yards. This is one of the hottest NYC properties which is to include a Neiman Marcus and a few Thomas Keller restaurants.
Durst’s Harlem: One of the city’s most successful developers, Douglas Durst, is in talks to buy a large development 1800 Park Avenue at 125th Street.
Second Avenue Subway: The city has been waiting for a hundred years for a Second Avenue subway line, and the wait could finally be over. it’s sure to benefit commuters on its path and turn the surrounding area into fantastic NYC properties.
But it’s not so easy to move into these properties. One companies that helps is Town Residential, which focuses on all aspects of high-end new development services, including market research and analysis, pre-development planning, branding, marketing, advertising, along with active sales operations.
Town Residential has a dynamic team, made up of industry leaders with a wealth of collective knowledge, experience and expertise. Check out which NYC apartments they still have for sale on their official website: http://www.townrealestate.com/