High Line delivers for neighboring condos

TRD New York /
Jun.June 17, 2010 02:00 PM

456 West 19th Street

As expected, the slew of high-end residential developments surrounding the High Line have been capitalizing on the buzz surrounding the new elevated park in their marketing campaigns, and one year after it’s opening, brokers say that strategy is paying off. “A good percentage of our calls are from people literally on the High Line,” said Millie Perry of Stribling & Associates, who is marketing 456 West 19th Street, a new condo located across 10th Avenue from the High Line, which currently stretches from Gansevoort to 20th streets. According to Stephen Kliegerman, executive director of Halstead Property Development, which is selling +aRt on 540 West 28th Street, the average price per square foot for new condos along the High Line climbed to $1,351 in 2009 from $1,088 in 2006. When the High Line’s second phase opens next spring between 20th and 30th streets, Kliegerman is hoping +aRt will help continue that trend. [Post] 

 

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