“NoMid” gets renewed attention

Area straddling Midtown and the Upper East Side sees a host of new development

TRD New York /
Apr.April 02, 2015 09:01 AM

“NoMid,” or North Midtown, is seeing new development activity galore, as land prices in the area haven’t climbed quite as quickly as those in other prime Manhattan neighborhoods.

The neighborhood runs from 50th to 63rd Streets and Second to Fifth Avenues. “It’s been under-utilized for residential development,” Jonathan Miller of real estate appraisal firm Miller Samuel told the New York Post, who also noted the area’s unique location between Midtown and the Upper East Side. “In some ways, it’s been discovered because it straddles both worlds and all of their amenities.”

Projects in the area include the 57-unit 301 East 50th Street, developed by CBSK Ironstate, Macklowe Properties’ Supertall 432 Park Avenue, Euro Properties’ 118 East 59th Street, and Aby Rosen’s 100 East 53rd Street, a Norman Foster-designed 94-unit project.

“People are starting to notice it — it’s priced right,” SK Development’s Scott Shnay said. “Most of what’s coming online is new development that’s a bit more affordable and a bit more realistic.” [NYP] — Tess Hofmann


Related Articles

(Image by Wolfgang & Hite via Dezeen)

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

Wendy Silverstein (Credit: Getty Images)

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

From left: 1578 Union Street in Brooklyn, Daniel Melamed (inset) and Eric Schneiderman (Credit: Google Maps, Getty Images, Facebook)

Overzealous investigators went too far in pursuit of Brooklyn landlord, appellate court rules

The U.S. is short 3.8 million new homes

US is short nearly 4M new homes: report

Governor Andrew Cuomo outlines strategies for the 2021 New York Budget (Credit: Flickr)

Cuomo spares real estate in plan to close $6B budget gap

Meryl Streep and 92 Laight Street (Credit: Getty Images and Google Maps)

Meryl Streep parts with Tribeca PH for $15.8M

250 North 10th Street and TF Cornerstone president Frederick Elghanayan (Credit: Google Maps)

TF Cornerstone pays $140M for Williamsburg multifamily building