chelsea
Started by nicercatch
about 15 years ago
Posts: 242
Member since: Sep 2008
Discussion about
where are we in the gentrification process? is the garment district a better value?
My sponsoring broker has worked in Chelsea for decades (we're based on 16th Street) and my first two Manhattan apartments were there in the '90s. Neighborhood has changed markedly since then.
I'd say we're pretty far along the gentrification curve -- for heaven's sake, there's an Olive Garden -- although I think middle schools are an issue to some.
ali r.
DG Neary Realty
how are elementary schools in chelsea?
PS 11 is good I hear, especially the gifted & talented program. Chelsea is nice, but West Chelsea is better.
Since the mid-1990s, Chelsea became a center of the New York art scene. As art galleries were priced out of Soho, the old industrial lofts of West Chelsea turned into perfect art galleries and lofts. From 16th Street to 27th Street, between 10th and 11th Avenues, there are somewhere between 350 to 400 art galleries. A rezoning was designed to protect the West Chelsea Arts district and allow for the development of world class architecture on its periphery.
The city rezoned the area in 2005, allowing for a large district around the High Line in which air rights could be transferred, and also allowing for a bonus that permitted developers denser apartment buildings if they include one-fifth of the units as affordable housing.
The West Chelsea/High Line Rezoning Plan by the City of New York’s Department of Planning paired with the opening of the High Line park, has led to a construction boom that might be unrivaled in terms of the instant creation of super-expensive real estate and spurred the development of over 1,000 residential units and 2 million square feet of commercial space.
Today the neighborhood is being lined with architectural wonders by “Starchitects” like Richard Meier, Neil Denari, Linda Roy, Gary Handel, Audrey Matlock, Enrique Norten and Robert A.M. Stern. Frank Gehry’s IAC building, Shigeru Ban’s Metal Shutter Houses, Annabelle Selldorf’s 100 11th Avenue, and Jean Nouvel’s 200 Eleventh Avenue are among the new structures redefining the skyline.
To me, this neighborhood symbolizes what New York is all about: a constant moving energy, an eclectic mix of old and new, art and fashion, high and low…and above all, like in a futuristic novel…we have a park in the sky: The High Line!
http://nabewise.com/users/filippa-edberg/reviews
thanks for the analysis.so chelsea and west chelsea would be considered 2 separate market. one trendy one steady. I assume it is the "old chelsea" clearly moving up to the garment district where prices are more affordable.right?
"where are we in the gentrification process?"
It's turned from ripe to rancid.
Too many skinny-assed straight white women with strollers.
maybe its just me, but i prefer my women skinny.
I prefer my women east of Fifth.