Developer tests rental market in Chelsea, EV

TRD New York /
Jun.June 01, 2010 02:00 PM

The Atlantic Development Group is testing the strength of rebound in the rental market by simultaneously opening rental buildings in the East Village and in Chelsea, the Wall Street Journal reported. Atlantic, which owns or manages 48 rental buildings in the city, plans to open 2 Cooper next month, at 2 Cooper Square and East 4th Street near the Bowery. The 15-story, amenity-rich building is charging the highest rents ever for this neighborhood, brokers say, with three-bedroom apartments running as high as $20,000 per month. At the same time Atlantic is launching Port 10, at 303 10th Avenue and 28th Street, near the High Line. The 13-floor building, which offers a 24-hour concierge service, doorman and fitness center, hopes to attract recent college graduates who have traditionally flocked to cheaper apartments in Murray Hill or the Upper East Side. One-bedrooms start at $3,000 per month. “They’re both in great locations and offer a greater array of amenities than we’ve ever provided before,” said Sharon Smith, an Atlantic executive vice president. [WSJ]

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
The number of mortgage borrowers in Covid-19 forbearance plans ticked down again this week. (iStock)

3M homeowners remain in forbearance

3M homeowners remain in forbearance
Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
Mayor Bill de Blasio and the Lucerne Hotel at  201 West 79th Street (Getty; iStock; Google Maps)

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response

Lawsuit blasts NYC’s “capricious” Covid-19 homeless response
President Donald J. Trump and Democratic presidential candidate Joe Biden participate in the final Presidential debate (Getty)

At final presidential debate, talk of Opportunity Zones and “little tiny windows”

At final presidential debate, talk of Opportunity Zones and “little tiny windows”
Gap CEO Sonia Syngal (Getty)

Gap Inc. will close 350 stores and exit malls entirely

Gap Inc. will close 350 stores and exit malls entirely
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...