Hello Hell’s Kitchen! 12 projects underway in West Side nabe

New York /
Nov.November 16, 2013 04:00 PM

 Hudson Yards may be rocketing skyward on the West Side of Manhattan, but Hell’s Kitchen is also seeing a slower, more deliberate boom.

Roughly a dozen residential projects at various stages of completion are in the pipeline in Hell’s Kitchen. Some of the biggest are the recently opened Gotham West, a rental complex featuring about 1,200 apartments on West 45th Street; 540West, a 114-unit condo building under construction on West 49th Street; and, further up still, Stella Tower, a 51-unit condo building on West 50th Street.

“Yes, it’s edgy; yes, it’s gritty, but it’s on the cutting edge of the city,” Elliott Joseph, a principal of the Property Markets Group, which is developing Stella Tower with JDS Development, told the New York Times. “But as gentrification takes over the entire city, you have to look for neighborhoods on the cutting edge.”

However, some would-be luxury buyers in the area resent the grit, finding the neighborhood’s party vibe distasteful. In the two ZIP codes that comprise Hell’s Kitchen, there are 923 bars, compared to 733 bars in the East Village, which may continue to keep noise-sensitive buyers away. [NYT]Christopher Cameron


Related Articles

arrow_forward_ios
Extell's Gary Barnett, Robert Gans and an aerial of 616 11th Avenue (Robert’s Steakhouse, Google Maps)
Investor Robert Gans files for bankruptcy to thwart Barnett, Eli Tabak
Investor Robert Gans files for bankruptcy to thwart Barnett, Eli Tabak
Extell Development's Gary Barnett. Bluestone Group's Eli Tabak and 605 West 45th Street (Google Maps. LinkedIn, Extell Development)
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
Artist Hunt Slonem in front of 595 11th Avenue (Getty Images, LoopNet, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Rare bird: Artist leases entire Hell’s Kitchen building
Rare bird: Artist leases entire Hell’s Kitchen building
Apartments in the Bronx, Washington Heights top slow week for investment sales
Apartments in the Bronx, Washington Heights top slow week for investment sales
Apartments in the Bronx, Washington Heights top slow week for investment sales
Konrad Bicher and the MiMa at 450 West 42nd Street (Google Maps)
“Wolf of Airbnb” set up in luxury tower, Related claims
“Wolf of Airbnb” set up in luxury tower, Related claims
Tavros, Charney pick up Gowanus dev site for $102M
Tavros, Charney pick up Gowanus dev site for $102M
Tavros, Charney pick up Gowanus dev site for $102M
312 West 43rd Street, National Real Estate Advisors CEO Jeffrey Kanne and Taconic Partners' Paul Pariser and Charles Bendit (Google Maps, National Real Estate Advisors, Taconic Partners)
Taconic JV lands $204M loan for Hell’s Kitchen luxury rental
Taconic JV lands $204M loan for Hell’s Kitchen luxury rental
Kei Komuro and Princess Mako (Getty)
Beauty and the lease: ex-Japanese royal moves to Hell’s Kitchen one-bedroom
Beauty and the lease: ex-Japanese royal moves to Hell’s Kitchen one-bedroom
arrow_forward_ios

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

Loading...