Happenings in the New York City Real Estate Market

Happenings in the New York City Real Estate Market

New York Real Estate is undergoing major changes. East Midtown rezoning proposal is expected to allow for larger and taller buildings in the commercial area. This was recently announced as part of the Department of City Planning input. The proposal still need approval of the City Council and the mayor. The new proposal will save the 57 block district, where many buildings are over 50 years old. Many NYC properties are being renovated and upgraded.

One Vanderbilt is a 1,500-foot tower with 1.6 million square feet for rent. TD Bank has signed for 200,000 square feet. 28 Liberty St. and 550 Madison Ave. provide office space. 28 Liberty was built in 1961, is a landmark building that used to be Chase Plaza. It currently has 1 million of its total 2,2 million square footage available. Sony Tower at 550 Madison is completely available. It offers 850,000 square feet.

The Marseillaise will unveil a sculpture by Thomas Heatherwick as the focal point of the public plaza at Hudson Yards. The businesses will include Neiman Marcus and several restaurants. The Douglas Durst company is in talks to by 1800 Park Ave. It is across the street from the Harlem Metro North station. There is a lot going on with NYC properties.
With all the activity taking place with NYC properties, it is good idea to contact TOWN Residential, one of New York’s luxury real estate service firms. They are known for their first class customer service and knowledge of the New York real estate market. They specialize in residential sales, and leasing for both commercial and residential properties.

TOWN Residential is the company most often mentioned for strategic positioning, and professionalism. They were listed as one of the 50 Best Places to Work in New York City. Their representatives provide an unparalleled level of service and expertise to their clients.  See more of their NYC apartments for sale on their official website here: http://www.townrealestate.com/.


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