Glenwood hopes for a gem in Hudson Yards
Emerald Green joins crush of rentals on far West Side amid stagnant market October 09, 2009 04:30PM By Steve Cutler
A rendering of the Emerald Green condo building at 320 West 38th Street
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
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