The Real Deal New York

From the January issue: One day, when they renew their leases for perhaps the fourth or fifth time, tenants of the 34-story luxury rental building under construction at 316 11th Avenue at 30th Street will have a bird’s-eye view of the northern end of a freshly landscaped High Line park. Just beyond that, they will see the towers and parks of the Hudson Yards, a massive redevelopment of the last sprawling, vacant parcel of land in Manhattan. Until then, they might be a little lonely. Rising fast and due to hit the market in less than 12 months, the building can expect to have neighbors such as a freight forwarding operation, office building, self-storage warehouse and a Con Ed facility. Still, developer Jeff Levine, head of Douglaston Development, said, “We feel very upbeat about this project because we think it’s a growing neighborhood in close proximity to the employment centers in Midtown.”