Lincoln Square seeing resi development boom

Nearly 2,000 rental units to be built in area by 2016

TRD New York /
Oct.October 26, 2014 11:00 AM

Lincoln Square is seeing a residential housing boom, with several new residential towers set to bring nearly 2,000 new rental units to the area by 2016.

This year, Glenwood Management opened Hawthorn Park at 160 West 62nd Street, making it the first large-scale rental building to come to the neighborhood since 2010. But it won’t be alone for long. Its 339 apartments will be joined by 256 rental units at 175 West 60th Street in 2016, also being developed by Glenwood.

Other buildings being developed in the neighborhood include The Durst Organization’s 625 West 57th Street and 21 West End Avenue, which is being built by a partnership between the Dermot Company and the AFL-CIO Building Investment Trust. Both are slated to open in 2015 or 2016.

Hawthorn Park began renting at the end of May, and its 339 rental units are now more than half leased, Nancy Albertson, Glenwood’s director of leasing, told the New York Times. Studios start at $3,690 a month; one-bedrooms at $4,500; two-bedrooms at $8,630; three-bedrooms at $19,015; and two-bedrooms with fireplaces at $12,185.

Although the 54-story Hawthorn Park won’t finish construction until early 2015, Albertson said that renters have been moving into lower floors for almost five months. [NYT] —TRD

Related Articles

Democratic State Sen. James Skoufis (Credit: NY Senate)

Real estate agents facing subpoenas after failing to appear at hearing

207 East 94th Street, Glenwood Management’s Carole Pittelman and Hirschfeld Properties’ Elie Hirschfeld (Credit: Google Maps)

Glenwood Management makes rare sale with Upper East Side deal

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse