Midtown Update: “Downtown” Emerges in Midtown

An area that was once deemed sketchy at nightfall, the area north of 34th street and west of Eighth Avenue has transformed into a cozy residential neighborhood with a “downtown” feel.  For example, 39th Street between Eighth and Ninth Avenue is the home of Element New York Times Square West hotel, as well as the Italian restaurant Mercato.  For those of you with a sweet tooth, the boutique chocolatier Kee’s Chocolates can be located in this area as well.

The area is not only home to commercial businesses, but a newly-built 199-unit luxury rental building called Crystal Green has begun leasing.  The monthly rents begin at $3,000 for a studio apartment, $3,525 for a one-bedroom, and $4,625 for a two-bedroom.  Other residential apartment buildings have risen in the past few years.  For example, the Glenwood Management Corporation developed Emerald Green, one block south at 320 West 38th Street.  Other examples include Hudson Crossing, a 15-story building with 259 units at 400 West 37th Street, and the Townsend, a 30-story building with 207 apartments at 350 West 37th Street.

This area that was once not considered a “neighborhood” to New Yorkers has transformed in a way, which has brought “downtown-esq” local businesses and Manhattanites together.  It remains to be seen whether this trend will continue.  If you are ever interested in this neighborhood, don’t hesitate to give NY2 a call.

Full story can be found here.