The bustling streets of New York have managed to make room for another fabulous residential home coming soon to the rising area of Hudson Yards.  The Lewis was first announced by MADD Equities over four years ago and now the home has finally hit the market. This new development sits at 411 West 35th Street and will only stand 12 stories tall. 

Imperial Companies & Shorenstein Properties have teamed up with designers Ismael Leyva and BKSK Architects to complete a 33-story tower in the rapidly transforming Hudson Yards neighborhood at 515 West 38th Street. Now that the building is finally complete, beautiful homes inside are officially on the market. 

Developer Related has collaborated with architect Davis Brody Bond and designers Andre Kikoski to create a gorgeous new 33-story glass tower at 530 West 30th Street, between Tenth and Eleventh avenues, just at the edge of the highly-anticipated Hudson Yards Development.

Rendering courtesy of Related  / YIMBY The first official rendering for a new High Line-adjacent rental building from Related Companies has been revealed. Pro-development blog YIMBY published the rendering of 520 West 30th Street, which will rise 28 stories and bring 174 new apartments to the Hudson Yards neighborhood near the High Line in Chelsea.

Already one of the most dynamic and popular Manhattan neighborhoods, Chelsea and its surrounding area is in for some big changes. In the next three years, three major projects are planned: the third portion of the High Line, running up to 30th Street; the Hudson Yards Redevelopment Project; and the extension of the 7 Line to 34th and 11th. Chelsea’s rental market has adjusted to the boom and cultural shift from the High Line and the growing allure of the neighborhood. Rental prices are remaining relatively steady, but anticipation is building in the face of this huge influx of new development. Although the massive impact of the High Line on real estate, retail, and cultural institutions was relatively unexpected, developers will not be caught off guard this time.

Everyone knows that big changes are on the way for Hudson Yards. The old manufacturing area will be transformed in the next decade or two into an entirely new neighborhood, one replete with luxury apartment buildings, an ultra-modern office complex of angular high-rises, a new park, a new museum, a subway line, and even a new boulevard that will bisect the area. But if you were to look at the Hudson Yards site right now, it still looks much like it did ten or twenty years ago. Appearances can be deceiving though, because new development for luxury rental apartment buildings has thrived in the area over the past half-dozen years, and many newly constructed luxury rentals are already available. Considering that the Hudson Yards area has succeed in sustaining new construction at a time when such success is rare, this area is well-positioned to emerge as Manhattan’s next hot rental neighborhood.

Insatiable. That’s one word to describe it. While renting an apartment in Manhattan is not everybody's cup of tea, demand continues to be high while inventory continues to be low. According to the U.S. Census, the population in Manhattan currently hovers at around 1.6 million residents. However, this number neglects to factor in the other 2.4 million commuters, day-trippers, hospital patients, tourists and students who may pass through Manahttan at any given point during the work day, reported the Rudin Center for Transportation and Management at New York University. And on major holidays and special events such as the Macy’s Day Thanksgiving Day Parade, that number easily surpasses 5 million. At the current rate, the population density in Manhattan could rival that of Hong Kong’s by as early as 2030.

Nothing in recent Manhattan history has spurred development like Hudson Yards in Midtown West is now. Since 2005, the one-time site of Mayor Bloomberg’s failed Olympics bid has seen the construction of 15 Manhattan luxury condo buildings and 12 hotels. News about development projects in the area are released every day it seems, and every real estate insider projects that development will skyrocket in the Far West Side over the next several years. Even building projects not directly inside the Hudson Yards boundaries have the area to thank for their existence. Gotham West, a massive construction project that will take up an entire block, is one such building. From 44th to 45th Street and Tenth to Eleventh Avenue, Gotham West is a four-tower rental and condo hybrid that plans to offer 1,263 housing units, 556 of which will be apartments for rent.

The words Manhattan and real estate development have long been synonymous, so it should come as no surprise when The Real Deal recently announced that the Gotham Organization would be taking on one of the largest new construction projects in Manhattan yet. The Gotham Organization project is expected to cost over $520 million and consists of four separate buildings spanning an entire Manhattan city block at 550 West 45th Street between 10th and 11th Avenue. Out of the 1,238 expected units for rent, close to 600 of them will be constructed with low-, moderate- and middle-income New Yorkers in mind.