The Real Deal New York

From the October issue: Back in 2006, when Glenwood Management began assembling parcels on the
eastern edge of the then newly rezoned Hudson Yards district to make
way for Emerald Green, it knew the project would have plenty of company
when it opened. Thousands of high-end apartments in several massive
rental projects were slated to hit the market in the emerging
neighborhood at the same time or soon after. What they didn’t anticipate was the mess of a market they’d be entering. The 24-story, two-tower building, located at 320 West 38th Street, has
just begun renting its 569 apartments, not long after the release of a
quarterly market survey declaring the past year a disaster for rentals. more