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Hudson Yards effect driving development, apartment sales on Manhattan's West Side
By: Flavio Arconti
The entire campus is expected to be complete in 2025, but construction has been moving along with several buildings topping out and public amenities in the works.
The massive development will introduce The Shops & Restaurants of Hudson Yards with more than 100 storefronts, the multimedia art center The Shed, the zigzagging art installation The Vessel, and more than 14 acres of public open space.
With these attractions expected to be complete by this year or the next, neighboring properties and restaurants are seeking spikes of interest due to the highly-anticipated Hudson Yards.
"Before this, the West Side was a lot more spaced out," Flavio Arconti, Aspen Park's Managing Director, said. "But now you have this great velocity of people who are coming to check it out."
Arconti has been in the Chelsea/Hell's Kitchen/Upper West Side market for a while, and is currently viewing The Moinian Group's Sky building at 605 West 42nd Street and more recently, Oskar at 572 11th Avenue.
"In terms of marketing and people visiting the Hudson Yards buildings, we've seen that uptick happen in our buildings as well," Arconti said. "We're seeing the office tenants who are relocating to Hudson Yards and not necessarily wanting to live right across from their office but may have a five-minute walk instead."
Arconti said their buildings offer an alternative for those who looking to get away from the commercial feel of the newly designed neighborhood.
And even closer to Hudson Yards, 550 West 29th is also fulfilling the role of offering a home away from where you work.
"We have a lot of interest from people whose companies have moved to Hudson Yards and they don't necessarily want to live in Hudson Yards but to live close by,"said Arconti. "They don't want to live in a glass tower but want to live in something with more of an intimate scale and homelike feeling of bricks and mortar."
The 19-unit building designed and developed by Cary Tamarkin would offer a more timeless design and lifestyle for those looking to move into the Hudson Yards area but not the buildings themselves, according to Arconti
And right down the block, CORE is also in charge of the sales at the 11-story 15-unit Five One Five building designed by SCDA at 515 West 29th Street.
"This block of 29th Street is all residential development so we're on the cusp of the gateway of Hudson Yards," Adie Kriegstein, the CORE broker doing sales for Five One Five, said. "We've had a wonderful response with lots of interest, especially because of the proximity to Hudson Yards."
Aspen Park Builders