DOCSLIB.ORG

559 West 23Rd Street

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
559 West 23Rd Street Exclusive Offering Memorandum 559 West 23rd Street West Chelsea, New York Newly Constructed Retail Condominium – Ideal For Gallery Or Creative Use 559 West 23rd Street I West Chelsea Newly Constructed Retail Condominium – Ideal For Gallery Or Creative Use Deal Highlights • 2,034 SF retail condominium • Newly constructed – gallery, office, creative or retail use • Highly coveted West Chelsea location among world-renowned galleries • Ceiling heights ranging from ±13 to ±18 feet on the ground floor and over 11 feet in the lower level • The North Gallery is day-lit from a large skylight • Proximity to The High Line, Chelsea Piers and Chelsea Waterside Park $3,250,000 Reduced to $2,900,000 Asking Price Contact Karlene Channer Eastern Consolidated Senior Executive Assistant 355 Lexington Avenue [email protected] New York, NY 10017 646.658.7332 www.easternconsolidated.com Real estate investment services Notable Galleries Near 559 West 23rd Street 559 WEST 23RD STREET Notable Galleries WEST 26TH STREET 1. Andrew Kreps Gallery 4 2. Tanya Bonakdar GalleryTWELFTH AVENUE 3. Alexander Gray Associates 5 4. Galerie Lelong WEST 25TH STREET 3 CHELSEA 5. Cheim & Read WATERSIDE ELEVENTH AVENUE 10 • 2,034 SF retail condominium 6. Gagosian Gallery PARK 6 7. Gladstone Gallery • Newly constructed – gallery, office, creative or retail use 8. Luhring Augustine WEST 24TH STREET • Highly coveted West Chelsea location among world-renowned galleries 9. Matthew Marks Gallery 8 10. The Pace Gallery 7 • Ceiling heights ranging from ±13 to ±18 feet on the ground floor and over 11 feet in the lower level 11. DeBuck Gallery 9 12. Danziger Gallery • The North Gallery is day-lit from a large skylight 11 THE HIGH LINE WEST 23RD 12STREET • Proximity to The High Line, Chelsea Piers and Chelsea Waterside Park TENTH AVENUE 1 WEST 22ND STREET CHELSEA PIERS SPORTS & ENTERTAINMENT COMPLEX WEST 21ST STREET 2 Notable Galleries 559 West 23rd Street 3 EASTERN CONSOLIDATED easternconsolidated.com Renderings Exterior North Gallery Space All dimensions and specifications (including square footage) provided herein are approximate. Maps, site plans, floor plans, drawings and elevations are artist renderings and are for informational purposes only. Renderings are an artist’s interpretation only. Architectural elements may vary from rendering shown. 4 559 West 23rd Street Renderings Real estate investment services Executive Summary As exclusive agent, Eastern Consolidated is pleased to offer for sale the brand new retail condominium located at 559 West 23rd Street, New York, New York (the “Property”). Situated at the base of a recently constructed luxury residential building, the Property benefits from its exceptional West Chelsea location between 10th and 11th Avenues. The space consists of 1,363 square feet on the ground floor and 671 square feet in the lower level, for a total of over 2,000 square feet. The ceiling heights range from ±13 to ±18 feet on the ground floor and 11 feet in the lower level. Ownership will deliver a vanilla box affording a future tenant or user the ability to immediately take occupancy (TCO anticipated late March 2016). This offering presents investors or users the opportunity to acquire a brand new retail condominium in one of the most desirable and recognized art and gallery districts in the world. As noted on page 4, the Property is centered among some of the most prestigious galleries in West Chelsea. Further, the Property is just steps to The High Line (access point on 23rd Street), Chelsea Piers and Chelsea Waterside Park. Chelsea itself has emerged as the premier destination for technology, media and creative industry companies with Google, Twitter, Apple, Samsung, Uber and Tesla all having an prominent presence in the neighborhood. Address 559 West 23rd Street, Chelsea, New York 10011 Use Restrictions Club, Bar, Restaurant, Clinic - See by-laws for full list Location North side of West 23rd Street between 10th and 11th Avenues Zoning C6-3A/Special West Chelsea District Block/Lot To be Determined Allocated Condo Interest 11.9933% Condominium Charges - Annual $13,735 Condo Size/Ceiling Height SF Ceiling Height Real Estate Taxes (2016/2017) $33,371 (Approximate Measurements) Ground Floor 1,363 12' 10" to 17' 5" Projected Net Operating Income $193,974 Lower Level 671 11' 2" Asking Price $3,250,000 Reduced to $2,900,000 Total 2,034 Cap Rate - Upon Stabilization 6.69% Per Total SF $1,426 Please note that the Offering Plan is currently being amended. The allocated condo interest and carrying costs are subject to change. Executive Summary 559 West 23rd Street 5.
Load more

Recommended publications
  • 118 West 22Nd Street 118 West 22Nd Street ™ 118 West 22Nd Street
    ™ 118 WEST 22ND STREET 118 WEST 22ND STREET ™ 118 WEST 22ND STREET 118 WEST 22ND STREET Built in 1911 by the architect Frederick C. Zobel, the 100,000 square foot 12-story loft building at 118 West 22nd Street is a perfect choice for companies looking for office space in the iconic Flatiron District, located just one block from Madison Square Park. Commuters have easy access to PATH and 1, C, F, E, N, M and R subway lines at nearby 23rd Street Station. Fantastic amenities can be found along Avenue of the Americas and 23rd Street; from Trader Joe’s and Eataly to Shake Shack and Blue Mercury Coffee, the area offers an abundance of food, beverage and retail options for all. The building welcomes tenants and visitors with an elegant light brown limestone facade that still boasts many of its original metal cladding and stucco decorations. ™ 118 WEST 22ND STREET THE BUILDING Location West 22nd Street between Avenue of the Americas and 7th Avenue Year Built 1911 Renovations Lobby - 2010; Facade Restoration - 2016 Building Size 100,000 SF Floors 12, plus mezzanine, 2 below-grade ™ 118118 WEST WEST 22ND22ND STREET TYPICAL FLOORFLOOR PLANPLAN 8,500 RSFRSF WEST 22ND STREET ™ 118 WEST 22ND STREET BUILDING SPECIFICATIONS Location West 22nd Street between Avenue Windows Double-insulated, operable of the Americas and 7th Avenue Fire & Class E fire alarm system with command Year Built 1911 Life Safety Systems station, building fully sprinklered Architect Frederick C. Zobel Security Access Attended lobby 9 am - 6 pm M-F, video intercom, closed-circuit cameras Building Size 100,000 SF Building Hours 24/7 tenant access; Attended lobby 12, plus mezzanine, 2 below-grade Floors 9 am - 6 pm M-F Construction Masonry & limestone Telecom Providers Verizon, Spectrum, Pilot Renovations Lobby - 2010; facade restoration - 2016 Cleaning Common areas M-F Loss Factor Full floors: 27%; multi-tenanted floors: Bicycle Storage None no greater than 35% Municipal Incentives N/A Floor Loads (per SF) 120 lbs./SF Transportation Subway: Lines 1 and 2 via 23rd Street 11'5" Avg Slab-to-Slab Station.
    [Show full text]
  • 255 Tenth Avenue, New York NY
    CHELSEA NEW YORK NY 255 TENTH AVENUE CONCEPTUAL RENDERING SPACE DETAILS LOCATION GROUND FLOOR Southwest corner of West 25th Street WEST 25TH STREET 41 FT 15 FT APPROXIMATE SIZE Space A Ground Floor 810 SF Basement 820 SF Space B SPACE B Ground Floor 1,034 SF SPACE A 1,034 SF 810 SF CEILING HEIGHT Ground Floor 12 FT 37 FT ADA Basement 8 FT ACCESS TENTH AVENUE FRONTAGE Space A 37 FT on Tenth Avenue, 15 FT on West 25th Street DN Space B 41 FT on West 25th Street LOWER LEVEL TERM Negotiable UTILITY ROOM POSSESSION 5'9 x8' Immediate DF NEIGHBORS WC Pace Gallery (coming soon), The Avenues School, Chase Bank, Doosan Gallery, Marquee SERVICE SPACE A ENTRANCE 820 SF COMMENTS Situated at the base of a newly constructed 8-unit residential condominium ADA ACCESS Adjacent to WeWork’s newest Chelsea location at 511 West 25th Street (occupying over 60,000sf) Steps from Hudson Yards and various new residential developments No cooking food uses allowed UP AREA NEIGHBORS NYC NORTH/ HUDSON YARDS 255 10TH AVENUE CONCEPTUAL RENDERING THE HIGH LINE AREA RETAIL WEST 29TH STREET WEST 29TH STREET Skylight Gallery THE HIGH LINE Burning in Water EUNEVA HTNEVELE EUNEVA Art Gallery EUNEVA HTNET EUNEVA Highline Pizzeria WEST 28TH STREET WEST 28TH STREET Heller Gallery Porchlight CHELSEA PARK Sundram Pinch Paul JOE DIMAGGIO HIGHWAY Tagore Food Ina Pincha Paul Kasmin Ovest Kasmin Gallery Design Snack Bar Gallery Pizzoteca Gallery WEST 27TH STREET Nancy Paul Kasmin Gallery Hoffman Gallery THE HIGH LINE James George George CONTACT Cohan Billis Hollis Billis Gallery Gallery
    [Show full text]
  • Meatpacking District • Nyc
    MEATPACKING DISTRICT • NYC CONCEPTUAL RENDERING BE A PART OF ONE OF THE HOTTEST, DYNAMIC NEW YORK NEIGHBORHOODS BOASTING HIGH-END FASHION RETAILERS, TRENDY RESTAURANTS, HOTELS AND NIGHTSPOTS THAT LINE THE COBBLESTONE STREETS OF THE MEATPACKING DISTRICT. space SPECIFICATIONS SIZE SPACE A Ground Floor 3,500 SF Basement 1,800 SF SPACE B SPACE A SPACE B Ground Floor 4,000 SF 3,500 sf 4,000 sf Basement 1,900 SF SITE STATUS SPACE A Vacant SPACE B Formerly Boardriders GROUND FLOOR GROUND 20 FT 35 FT CEILING HEIGHTS WEST 14TH STREET Ground Floor 14 FT TERM Long term POSSESSION Immediate COMMENTS Amazing branding opportunity in the heart of the Meatpacking District SPACE A SPACE B Located directly across from Apple 1,800 sf 1,900 sf NEIGHBORS Apple, Alice and Olivia, Patagonia, Asics, Kiehl’s, lululemon athletica, Hugo Boss, Joie, Levi’s, Samsung, Sorel, Columbia Sportswear and The Kooples BASEMENT BASEMENT 6.5 MILLION ANNUAL VISITORS TO CHELSEA MARKET 13.9 MILLION ANNUAL RIDERSHIP AT 14TH STREET SUBWAY STATION 1,742 HOTEL ROOMS 300,000 ANNUAL VISITORS ANTICIPATED TO WHITNEY MUSEUM OF AMERICAN ART 4.4 MILLION SQUARE FEET OF OFFICE SPACE IN THE MPD SUBMARKET 5 MILLION ANNUAL VISITORS TO NEARBY HIGH LINE WEST 17TH STREET Comme des Garçons Number 8 WEST 16TH STREET CHELSEA MARKET Amy’s Bread People’s Pops Manhattan Fruit Exchange Buon Italia The Lobster Place The Filling Station The Nutbox Ronnybrook Dairy Bowery Kitchen Supply Giovanni Rana Pastificio & Cucina Bar Suzette The Green Table Chelsea Market Baskets Sarabeth’s Posman Books The Cleaver Co.
    [Show full text]
  • JOIN 6 Subway at 23Rd Street
    Subway at JOIN 6 23rd Street SOUTHEAST CORNER OF 23RD STREET NEW YORK, NY 10010 GROUND FLOOR: Approx. 1,700 SF ADDRESS 297 Park Avenue South, New York, NY 10010 Southeast Corner of 23rd Street SIZE Ground Floor - Approx. 1,700 SF FRONTAGE Approx. 70' of wraparound frontage POSSESSION 24' June 1st, 2019 ASKING RENT Upon Request SOUTH AVENUE PARK HIGHLIGHTS Prime retail situated at the intersection of Flatiron and Gramercy districts 47'-8.5" Directly next to the 6 subway stop EAST 23RD STREET NEIGHBORS Credit Suisse, Dos Toros, Morton Williams, Eataly, Eleven Madison Park, Gramercy Park, Lego, Shake Shack Winick Realty Group LLC, Licensed Real Estate Brokers For more information, please contact our exclusive agents: 655 Third Avenue, 17th Floor | New York, NY 10017 T 212.792.2600 | F 212.792.2660 | winick.com Steven E. Baker, President Charles Rapuano Daniyel Cohen ALTHOUGH ALL INFORMATION REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE SUCH INFORMATION HAS NOT BEEN VERIFIED, AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE 212.792.2636 212.792.2658 212.792.2610 IMPLIED AS TO THE ACCURACY THEREOF, AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE [email protected] [email protected] [email protected] ATLANTIC BANK E A ST 27T STREET EAST 27T STREET HILLSTONE Sarabeth’s Kitchen FORCELLA Park Avenue Florist Hotel Girae E AST 2T STREET EAST 2T ST REET MANZANILLA Taza Coffee Shop MADISON SQUARE PARK
    [Show full text]
  • Ordinance No. 1448
    ORDINANCE NO. 1448 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF GRINNELL, IOWA, BY AMENDING PROVISIONS PERTAINING TO NO PARKING ZONES. BE IT ENACTED by the City Council of the City of Grinnell, Iowa: SECTION 1. SECTION MODIFIED. Section 69.08 of the Code of Ordinances of the City of Grinnell, Iowa is repealed and the following adopted in lieu thereof: 69.08 NO PARKING ZONES. No one shall stop, stand or park a vehicle in any of the following specifically designated no parking zones except when necessary to avoid conflict with other traffic or in compliance with the direction of a peace officer or traffic control signal. (Code of Iowa, Sec. 321.236 [1]) 1. Beck Court, on both sides of the cul-de-sac, from Third Avenue to the point of termination. 2. First Avenue, on the north side, from Park Street to a point 83 feet west. 3. First Avenue, on the north side, from Park Street to a point 92 feet east. 4. Third Avenue, on the north side from Reed Street to the alley. 5. Eighth Avenue, on both sides, from Sunset Street to Bliss Street. 6. Tenth Avenue, on both sides, from Park Street to a point 75 feet west. 7. Eleventh Avenue, on both sides, from Sunset Drive to a point 75 feet west. 8. East Street, on both sides, from Eighth Avenue to Tenth Avenue. 9. East Street, between Sixth Avenue and Eighth Avenue on the east side except for Sunday. 10. Industrial Avenue, on both sides, from Highway 146 to the east end of Industrial Avenue.
    [Show full text]
  • Manhattan New Construction & Proposed Multifamily Projects 4Q20
    Manhattan New Construction & Proposed Multifamily Projects 4Q20 83 85 82 12 41 62 ID PROPERTY UNITS 6 30 Morningside Drive 205 Total Lease Up 205 12 HAP Seven NY 129 15 418 West 126th Street 75 19 Victoria Theatre 191 15 Total Under Construction 395 19 37 Broadway Development 130 6 41 210 Wadsworth Avenue 98 46 Total Planned 228 43 96th Street 171 43 46 Frederick Douglass Blvd 100 37 62 4037 Broadway 132 82 The Heights on Broadway 171 83 Sherman Plaza 272 85 3875 9th Avenue 614 Total Prospective 1,460 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects 4Q20 44 73 ID PROPERTY UNITS 1 The Smile 233 3 Convivium 140 45 4 Sixty 125 141 4 39 23 26 5 Two Waterline Square 435 Total Lease Up 949 1 74 13 75 10 Sendero Verde Phase II 361 22 24 13 One East Harlem 404 25 Total Under Construction 765 49 22 15 West 118th Street 51 38 23 1971 Madison Avenue 93 10 24 72 East 120th Street 218 77 25 77 East 118th Street 202 47 26 East 127th Street 152 38 La Hermosa Tower 160 39 2031-2033 5th Avenue 240 Total Planned 1,116 48 44 58 West 135th Street 100 45 64-74 West 125th Street 200 47 1987-1991 3rd Avenue 59 76 48 1988-1996 2nd Avenue 185 49 248 East 120th Street 86 50 308 East 86th Street 68 78 52 Lenox Hill Hospital 200 73 Lenox Terrace Phase II 1,642 74 1800 Park Avenue 670 50 75 2460 2nd Avenue 730 3 76 321 East 96th Street 1,100 77 East River Plaza 1,100 52 5 78 Holmes Towers NextGen Development 339 Total Prospective 6,479 1000 ft Source: Yardi Matrix LEGEND
    [Show full text]
  • Affordable Housing for Rent
    Affordable Housing for Rent 555TEN PHASE 2 90 NEWLY CONSTRUCTED UNITS AT 555 Tenth Avenue New York, NY 10036 HUDSON YARDS Amenities: 24-hour gym*, indoor pool*, outdoor rooftop pool*, dog run*, outdoor landscaped areas*, club room*, bowling alley*, game lounge*, children’s lounge*, dog care services* and tenant storage* (*additional fees apply). Transit: A/C/E, M42 Bus No application fee • No broker’s fee • Smoke-free building This building was constructed through the Inclusionary Housing Program Development and Low Income Housing Tax Credit Program of New York State Homes and Community Renewal and is anticipated to receive a tax exemption through the 421-a Tax Incentive Program of the New York City Department of Housing Preservation. A percentage of units is set aside for applicants with Who Should Individuals or households who meet the income disabilities: Apply? and household size requirements listed in the o Mobility (5%) table below may apply. Qualified applicants will o Vision/hearing (2%) be required to meet additional selection criteria. Preference for a percentage of units goes to: Applicants who live in New York City receive a o Residents of Manhattan Community Board 4 general preference for apartments. (50%) o Municipal employees (5%) AVAILABLE UNITS AND INCOME REQUIREMENTS Units House- Annual Household Units House- Annual Household Monthly Monthly 3 3 Unit Size 1 Avail- hold Income 1 Avail- hold Income Rent Rent able Size2 Minimum – Maximum4 able Size2 Minimum – Maximum4 Studio $613 10 → 1 person $22,903- $26,720 $1,949
    [Show full text]
  • Western Rail Yard
    Chapter 10: Neighborhood Character A. INTRODUCTION Neighborhood character is an amalgam of several elements that give an area its distinctive personality and help distinguish it from other neighborhoods. These components include: land use; street layout; scale, type, and style of development; historic features; patterns and volumes of traffic; noise levels; and any other physical or social characteristics. However, not all of these elements affect neighborhood character in all cases; a neighborhood usually draws its character from a few determining elements. Using information presented in other technical chapters of this EIS, this chapter examines neighborhood character at the three project sites and the associated surrounding study areas, and analyzes the effects of the Proposed Actions on neighborhood character in these areas. PRINCIPAL CONCLUSIONS The Proposed Actions would have a beneficial effect on neighborhood character on the project sites and in the surrounding study areas. Development of Western Rail Yard would fulfill a long- standing public policy to promote productive use of the site with a lively mix of uses, open spaces, and streets that would complement and support the development in the Hudson Yards area and West Chelsea. Construction of permanently affordable housing on the Tenth Avenue and Ninth Avenue Sites would support the Clinton neighborhood by emphasizing its residential character and the mixed-income character of its residents. DEVELOPMENT SITE The Proposed Actions would change the character of the Development Site, and this change would be, on balance, decidedly beneficial. The site, which presents a blank wall to the surrounding neighborhood on two sides and transportation/maintenance uses where it can be seen, would be transformed with a mix of residential and commercial uses and open spaces, clearly visible and accessible to the public.
    [Show full text]
  • Career Advancement NYC City Guide: How to Prepare for a Successful Summer in New York City the Resources in This Guide Are for Informational Purposes Only
    Career Advancement NYC City Guide: How to Prepare for a Successful Summer in New York City The resources in this guide are for informational purposes only. Career Advancement does not endorse or guarantee any of the services described in this document. Students should exercise their own discretion when planning for their summer internship. If you would like more information or have questions about this document, feel free to speak with a Career Advancement adviser. You can make an appointment on UChicago Handshake. institutions, try to find a place that will give you the most Welcome to New York City! time to explore your favorite things. New York City is one of the world’s most iconic cities. From 4. Politely ask your employer about housing resources. Your its internationally recognized skyline and famed attractions to employer may have suggestions for where to live, or give its financial might and brassy attitude, NYC is a city unlike you the contact information of other interns who are any other. The city offers a never-ending list of things to do searching for housing so that you can room together or get and see. Broadway hosts a myriad of world-class shows while advice from each other. the Metropolitan Museum of Art—known as the Met—tops a list of renowned museums and galleries. This city also offers a Online Housing Resources variety of opportunities for UChicago students who are There are a variety of online housing resources that provide seeking internships and full-time jobs. short-term housing vacancies, including: The type of housing you’re looking for, your budget, and your https://newyork.craigslist.org/search/apa connections in NYC are all factors that should help determine https://www.airbnb.com/s/New-York--NY where you begin your housing search.
    [Show full text]
  • F. Vehicular Traffic
    Chapter 9: Transportation (Vehicular Traffic) F. VEHICULAR TRAFFIC EXISTING CONDITIONS STREET AND ROADWAY NETWORK Traffic conditions in the study area vary in relation to a number of factors—the nature of the street and roadway network, surrounding land uses and the presence of major traffic generators, and the intensity of interaction between autos, taxis, trucks, buses, deliveries, and pedestrians. The study area contains five subareas, or zones—Lower Manhattan, the Lower East Side, East Midtown, the Upper East Side, and East Harlem—and each has different street and roadway characteristics along its length. East Midtown, the Upper East Side, and East Harlem are characterized by a regular street grid, with avenues running north-south and streets running east- west. Each of the major north-south avenues—First, Second, Third, Lexington, Park, Madison, and Fifth Avenues—are major traffic carriers. There is just one limited-access roadway, the FDR Drive, which extends around the eastern edge of the study area from its northern end to its southern end. A general overview of the character of the street and roadway network in each of the five zones is presented below. Lower Manhattan is characterized by an irregular grid pattern south of Canal Street. Except for a few major arterials, most streets within the area are narrow with usually just one "moving" lane. Travel is time-consuming and slow along them. Pedestrian traffic often overflows into the street space, further impeding vehicular traffic flow. Water Street and Broadway are the two key north-south streets in this area, and carry two or more effective travel lanes, yet are often difficult to negotiate due to frequent double-parked truck traffic.
    [Show full text]
  • World Class Streets: Remaking New York City’S Public Realm CONTENTS
    World Class Streets: Remaking New York City’s Public Realm CONTENTS 2 Letter from the Mayor 3 Letter from Commissioner 6 World Class Streets: Remaking New York City‘s Public Realm 14 How Do People Use New York Streets? 36 New York City‘s World Class Streets Program 53 Acknowledgments 54 Additional Resources and Contacts 1 New York City Department of Transportation World Class Streets: Remaking New York City’s Public Realm LETTER from ThE MAYOR LETTER from ThE COMMISSIONER Dear Friends: Dear fellow New Yorkers: In 2007, our Administration launched PlaNYC, our Finally, it’s no accident that New York City’s merchant Famous images of New York nearly all emphasize the In this report, findings from a Public Space/ long term plan to create a greener, greater New York. communities focus heavily on streetscape quality city’s skyline—the high rise metropolis seen from a mile Public Life Survey conducted by the world-renowned One of the challenges PlaNYC poses to city agencies is through their local Business Improvement Districts, distant or 5,000 feet up. Few who attempt to capture Gehl Architects/Urban Quality Consultants in Fall 2007 to “re-imagine the City’s public realm”—to develop an which we have worked hard to expand and support. For the city’s uniqueness or character in a single frame seek provide the starting point. Following Gehl’s analysis, we urban environment that transforms our streets and storefront businesses, welcoming, attractive streets can it from the most basic human point of view—that of the lay out the wide range of ambitious programs that squares into more people-friendly places.
    [Show full text]
  • Western Rail Yard
    Chapter 10: Neighborhood Character A. INTRODUCTION Neighborhood character is an amalgam of several elements that give an area its distinctive personality and help distinguish it from other neighborhoods. These components include: land use; street layout; scale, type, and style of development; historic features; patterns and volumes of traffic; noise levels; and any other physical or social characteristics. However, not all of these elements affect neighborhood character in all cases; a neighborhood usually draws its character from a few determining elements. Using information presented in other technical chapters of this EIS, this chapter examines neighborhood character at the three project sites and the associated surrounding study areas, and analyzes the effects of the Proposed Actions on neighborhood character in these areas. PRINCIPAL CONCLUSIONS The Proposed Actions would have a beneficial effect on neighborhood character on the project sites and in the surrounding study areas. Development of Western Rail Yard would fulfill a long- standing public policy to promote productive use of the site with a lively mix of uses, open spaces, and streets that would complement and support the development in the Hudson Yards area and West Chelsea. Construction of permanently affordable housing on the Tenth Avenue and Ninth Avenue Sites would support the Clinton neighborhood by emphasizing its residential character and the mixed-income character of its residents. DEVELOPMENT SITE The Proposed Actions would change the character of the Development Site, and this change would be, on balance, decidedly beneficial. The site, which presents a blank wall to the surrounding neighborhood on two sides and transportation/maintenance uses where it can be seen, would be transformed with a mix of residential and commercial uses and open spaces, clearly visible and accessible to the public.
    [Show full text]