The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Far West Side"
Brookfield’s Manhattan West Breaks Ground at Hudson Yards
January 16, 2013
Ever since it was first announced, New York City’s real estate aficionados have been closely following the Hudson Yards redevelopment project, with the undertaking expected to completely transform Manhattan’s real estate scene from the way it is today. Several of the city’s top developers are involved in the project, including big players like Related Companies, Brookfield Office Properties and Extell Development Company. While Related has their groundbreaking ceremony in December, Brookfield had theirs earlier this week on Tuesday, signaling the start of work on the $4.5 billion Manhattan West development on 33rd Street and Ninth Avenue.Read More
Hudson Yards: A City Within A City
November 20, 2012
“In a place where dreams and ambitions are limitless, land is not.” That line, taken from the New York City Department of City Planning’s website, is perhaps the best way to describe why the Hudson Yards Redevelopment Project is so important for the growth and sustenance of New York—or, more specifically, Manhattan—as the place to be for businesses and offices not just in America, but around the world as well. With Manhattan literally running out of space for new office construction, Hudson Yards, the area bounded by West 42nd and 30th Streets from Eighth Avenue to the Hudson River, seems to be the borough’s best bet for its development needs.Read More
Air Rights Extremely Valuable For Property Along the High Line
March 05, 2012
The development of the High Line on the far West Side has caused a frenzy of development, and apartments in Chelsea have skyrocketed in value over the past few years. The value has become so high that development companies who own buildings along the Manhattan landmark have begun selling the undeveloped air above their property, and for prices New York has never seen before. Sherwood Equities, a development firm that owns an unused building at 508 West 20th Street, is now selling the air above its building for $500 per square foot.Read More