New York redevelopment: when the oldest neighborhoods are reborn
When we talk about redevelopment, we usually refer to decadent buildings and structures that are now considered demodé in line with current standards. The oldest areas of a metropolis, or of an area dating back to the past, are being redeveloped.
But what if we told you that the financial heart of one of the most famous cities in the world, New York, is completely transforming its characteristics and destinations of use? In particular, the One Town Street, the undisputed protagonist of Manhattan, is undergoing considerable changes as regards the redevelopment of many offices, converted into private residences.
The deadline for works is 2020.
What does this project involve in detail?
The idea stems from the urgent need to respond to an increasingly strong demand: that related to new residents who, exponentially increasing, had to search for new properties in which to settle. The renovation will include 51 floors with 556 apartments including studios, four-room apartments and penthouses, for a total of 174,000 square meters of commercial space. An unprecedented change of use destination, in one of the most famous areas of the whole big apple: Wall Street
Several companies have decided to put their signature to these projects, of undisputed importance, adding services of a certain level in the '' leisure '' and '' fitness '', guaranteeing a commercial value to these properties, much more high.
The real wave of change took place already in the 70s, but the even more incisive turnaround dates back to 11 September, a day unfortunately left indelible in world history.
Over the past decade, investments in both facilities and real estate have reached and doubled the 30 billion dollars. The sources of funding are for the most foreign, but you know, who wouldn't like to take part in such an ambitious project?
Among the various technological companies we mention Spotify, Condé Nast and WeWork.
This conversion from offices to residential buildings has allowed the transfer of around 62,000 new residents to New York. And that's not all. Because according to statistical data, the residential market seems to be increasing both on the demand side but above all on the supply side.
We recall that, as is known for lovers of territorial marketing, the more an area is well articulated in terms of infrastructure, the more the level of attractiveness increases, guaranteeing a considerable economic return.
Parallel to the increase in the area's competitive potential, the structures in the area also grow and increase in value, incorporating a clear economic return for the whole city.
What to say, it seems that the big apple has decided to expand and improve in qualitative and quantitative terms. It is hoped that this radical change can continue uninterruptedly over the following years, without any phase of arrest!
But what if we told you that the financial heart of one of the most famous cities in the world, New York, is completely transforming its characteristics and destinations of use? In particular, the One Town Street, the undisputed protagonist of Manhattan, is undergoing considerable changes as regards the redevelopment of many offices, converted into private residences.
The deadline for works is 2020.
What does this project involve in detail?
The idea stems from the urgent need to respond to an increasingly strong demand: that related to new residents who, exponentially increasing, had to search for new properties in which to settle. The renovation will include 51 floors with 556 apartments including studios, four-room apartments and penthouses, for a total of 174,000 square meters of commercial space. An unprecedented change of use destination, in one of the most famous areas of the whole big apple: Wall Street
Several companies have decided to put their signature to these projects, of undisputed importance, adding services of a certain level in the '' leisure '' and '' fitness '', guaranteeing a commercial value to these properties, much more high.
The real wave of change took place already in the 70s, but the even more incisive turnaround dates back to 11 September, a day unfortunately left indelible in world history.
Over the past decade, investments in both facilities and real estate have reached and doubled the 30 billion dollars. The sources of funding are for the most foreign, but you know, who wouldn't like to take part in such an ambitious project?
Among the various technological companies we mention Spotify, Condé Nast and WeWork.
This conversion from offices to residential buildings has allowed the transfer of around 62,000 new residents to New York. And that's not all. Because according to statistical data, the residential market seems to be increasing both on the demand side but above all on the supply side.
We recall that, as is known for lovers of territorial marketing, the more an area is well articulated in terms of infrastructure, the more the level of attractiveness increases, guaranteeing a considerable economic return.
Parallel to the increase in the area's competitive potential, the structures in the area also grow and increase in value, incorporating a clear economic return for the whole city.
What to say, it seems that the big apple has decided to expand and improve in qualitative and quantitative terms. It is hoped that this radical change can continue uninterruptedly over the following years, without any phase of arrest!
