The Real Deal New York

New developments liven up empty stretch of Hell’s Kitchen

June 24, 2011 09:47AM

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New residential developments are slowly turning a stretch of Hell’s Kitchen from one of the largest patches of undeveloped land in Manhattan into a vibrant enclave, according to the Wall Street Journal.

In the last three years, MiMA, a rental and condo building by Related on 42nd Street and 10th Avenue, Emerald Green, a 569-unit development on West 38th Street between Eighth and Ninth avenues and 455W37 and 505W37, TF Cornerstone projects on West 37th Street near 10th Avenue, have all come to the neighborhood.

Construction is underway on more projects, the Journal said, including a rental building by Glenwood Management at 330 West 39th Street.

“I follow where the developers go and when you see the biggest developers in Manhattan are all there, you know it’s going be the next up and coming neighborhood,” said Khashy Eyn, chief executive of Platinum Properties, a Financial District real-estate brokerage that opened an office in Midtown earlier this year. “This is the only area left to develop.” [WSJ]

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