High Line hyper-gentrification will eventually turn off New Yorkers, writer says

TRD New York /
Aug.August 22, 2012 03:00 PM

The real estate community has been one of the biggest beneficiaries of the High Line park since it was first conceived for West Chelsea seven years ago. At that time, the city rezoned the neighborhood to allow for luxury residential development. Aided by the new developments and the foot traffic the park drew — both from tourists and locals — the neighborhood’s property values skyrocketed 103 percent between 2003 and 2011, after spending years below the Manhattan median.

But in an opinion piece published in the New York Times, Jeremiah Moss, the pen name of the writer behind the Vanishing New York blog, blamed the park for building another neighborhood, that, like Times Square, is almost purely for tourists.

“It’s easy to forget that until very recently, even with the proliferation of art galleries near the West Side Highway, West Chelsea was a mix of working-class residents and light-industrial businesses,” Moss wrote.

Now the area is for “the city’s glamorous people,” said Alan Brownfield, whose third-generation Auto Shop On West 29th Street And 10th Avenue was one of many forced out of West Chelsea by rising rents.

But as more tourists flock to the neighborhood, it’s only a matter of time before the boutiques and fancy restaurants give way to something even the wealthiest New Yorkers want no part of: national chains and big box retailers. [NYT]


Related Articles

arrow_forward_ios
Red Hook (Credit: Stevin Pisano via Flickr)

This ex-NYC drug cop has amassed a $400M real estate portfolio

Have new developments along the High Line passed their peak?

Con artist who tried to scam Fyre Festival founder owes lawyers $250K for botched real estate deals

Gentrification City: Investors are turning to other corners of NYC to chase returns

Bedford 2.0? Can a street filled with small, trendy retail take off in the South Bronx?

TRD publisher Amir Korangy wants to take you on a bike ride–tomorrow!

TOMORROW: The High Line bike tour with The Real Deal publisher Amir Korangy

TRD publisher Amir Korangy wants to take you on a bike ride

arrow_forward_ios