The High Line District & Luxury 10th Ave Corridor Development
10th & 11th Avenue from West 30th Street to Little West 12th Street
BY TONY SARGENT
Evening Falls Over Jean Nouvel's 100 Eleventh Ave Luxury Condo (L) with Frank Gehry's IAC Building (R) | Photo by Tony Sargent (C) 2013
The area along the 10th Avenue corridor from 16th Street to 30th Street is fast becoming Manhattan’s newest luxury residential neighborhood. Renaming it “The High Line District” instead of the generic “West Chelsea” will best capture the district’s new and exciting eclectic nature and architectural significance.
Already featuring a mix of boutique condos, long-established art galleries, and distinctive architecture designed by such luminaries as Jean Nouvel, Frank Gehry, Annabelle Selldorf and Shigeru Ban, now new developments of uber luxury residential condos are coming to the area including modern designs by Thomas Juul-Hansen, Norman Foster, Zaha Hadid and other prominent architects. These projects are being developed by HFZ Capital, the Related Companies, Cary Tamarkin and others to create an exclusive new neighborhood deserving of new recognition.
As I’ve also shared with prospective buyers of my gorgeous luxury penthouse listing at 444 West 19th Street this month, the area’s values are rising fast and the modernist luxury developments that are planned will all be priced between $2,500 to $3,500 a square foot as confirmed by C.J. Hughes’ recent New York Times article on the district’s transformation. Standing on the terrace of Penthouse 2, one has the most unique perspective and unobstructed 180-degree views over the area.
Anchoring the southern entry to the High Line, the Whitney Museum has taken form and will be opening to the public in 2015. Meandering from the new Whitney at Gansevoort Street to Hudson Yards at 30th Street (the future home of the Culture Shed) without the rush or screeching of cars, trucks, or blinking lights of cross walks, the High Line provides a unique and peaceful urban green-space experience.
The High Line opened in 2009 and was extended above 21st Street in 2012. This green ribbon, which once was slated to be demolished until it was saved by the vision and advocacy of The Friends of the High Line, a non-profit founded by neighborhood residents Joshua David and Robert Hammond, is the foundation of this new neighborhood and its “raison d’etre”.
If you are looking for a long-term real estate investment opportunity, the High Line District and the areas around it will deliver.