In the Manhattan Residential Real Estate market, the buzz is all about downtown. It seems like almost everyone wants to be downtown, close to some of the best cultural, shopping, and dining options, situated in the most desired neighborhoods of the borough.
The economic expansion, and quite frankly, revitalization of lower Manhattan since 9/11 is astounding, and has had an enormous impact on the city as a whole, especially in recent years with hallmark projects finally coming to fruition. Today, lower Manhattan continues to thrive with brand new destinations for world-class shopping, dining, and, of course, living. The Financial District was one of the hardest hit by 9/11, but also has seen the greatest revival in the post 9/11 era.
Why People Are Attracted to Financial District
The Financial District attracts a mix of residents from Wall Street professionals that work close by, to students of city universities and people that love the convenience of the neighborhood. The neighborhood has virtually every subway line to connect you to any area of the city and is positioned for easy access to both the West Side Highway and FDR Drive as well as Holland and Brooklyn-Battery tunnels for those with cars.
Not only is FiDi convenient from a transportation standpoint, it is also located near some of the best and hottest neighborhoods of the city including TriBeCa, SoHo, and the Seaport District. TriBeCa is seeing new development including the popular 70 Vestry and 443 Greenwich Street while the Seaport District is seeing a revitalization spearheaded by the Howard Hughes Corporation’s development of the area, bringing the arrival of notable venues such as iPic Luxury Theaters and a Jean-Georges food hall. The area is also home to the much talked-about 1 Seaport development.
The Financial District, however, has been at the heart of the revitalized downtown and the center of what many are calling the “New Downtown.” The arrival of The Oculus, Brookfield Place, and the continued completion of the World Trade Center site are attracting people to the neighborhood. Even large corporations such as Conde Nast and Spotify are calling the neighborhood home. Additionally, this week restauranteur Danny Meyer announced that he will be launching a $30M restaurant, bar, and event space atop 28 Liberty Place.
While the area is certainly more crowded during business hours with working people, the area has a neighborhood feel. Financial District has great public schools, and is close to many parks. You will find runners out in Battery Park and Hudson River Park year-round, and people enjoying the sun and biking in warmer months. Additionally, the Seaport is only moments away which offers many spaces to relax outdoors, shop, and dine.
Living in the Financial District
The Financial District offers a mix of new construction as well as conversions. Additionally, the neighborhood has both rental buildings as well as condos and co-ops. Notable new development occurring in the area includes Macklowe’s conversion of 1 Wall Street which has already signed Whole Foods as a tenant, the ongoing conversion of 101 Wall Street to luxury condos, and the recently constructed 50 West.
50 West Street
Standing over 780 feet tall, the glass tower located at 50 West Street has changed the lower Manhattan skyline. The 64-story structure is visible in all downtown skyline photography and is visible driving into the city from New Jersey or coming in on the ferry. The tower, designed by acclaimed architect Helmut Jahn, features unique floor-to-ceiling, curved glass and offers spectacular views of the harbor and New York City skyline.
Residences range in size from 1 to 5 bedrooms and feature interiors that have been elegantly designed by Thomas Juul Hansen. Throughout the building there is a unique collection of duplex units as well as units offering stunning double-height spaces.
50 West offers residences an array of amenities spread across 4 dedicated floors. Amenities include an expansive fitness center, Water Club, unique children’s space, office space available for purchase, and an observatory located on the 64th floor. The views from the observatory are jaw dropping to say the least!
50 West is ready for immediate occupancy.
Currently Available at 50 West:
50 West Street, 20B: The Victoria Shtainer Team is pleased to offer one of the unique double-height residences available for rent. Be the first to live in the stunning new building and experience the New Downtown in luxury with residence 20B, available immediately.