POSTINGS

A Walk Along the High Line

irst proposed in 1999 with the establishment of the nonprofit organization Friends of the High Line, the preservation and reuse of the New York Central Railroads West Side Line has been criticized by some as sanitizing the once gritty Meatpacking District. First opened in 2009, the High Line stretches as far north as 30th Street and will eventually terminate at the Hudson Yards site. Though the High Line can boast a significant role in popularizing the neighborhood both with tourists and New Yorkers, it is neither the first nor only attraction to boost real estate values in the area. Below, The Commercial Observer looks at some of the real estate landmarks and popular attractions in the vicinity.
1. 69 Gansevoort: Acquired by DelShah Capital in August for $8.6 million, 69 Gansevoort Street boasts up to 10,110 square feet of development rights. Previously the home to a number of now defunct eateries including Florent, R&L Restaurant and Gansevoort 69, the address was listed on Eater NYs list of Cursed Restaurant Spaces. 2. Pastis: Located at 9 Ninth Avenue, Keith McNallys French bistro opened in 1999 as a precursor of things to come in the Meatpacking District. On the sanitization of the area, Catie Marron, co-chair of the High Line, said to blame Pastis, not the park. Or Jeffrey or the Gansevoort hotel, she told The New York Times. Those opened before the High Line was finished. 3. Hotel Gansevoort: Located down the street from Pastis at 18 Ninth Avenue, the Gansevoort boasts 187 rooms and 23 suites. Stephen B. Jacobs designed the hotel, which opened in 2004. 4. The Standard High Line: Towering over the High Line and boasting more than 330 guest rooms, the Standard High Line opened to much fanfare in 2009. On its concrete and glass design, Architectural Record critic Joseph Minutillo remarked that the Standard is sleek and gritty at the same time, echoing its Meatpacking District neighborhood, where high-end showrooms and pricey art galleries have supplanted bloody butcher shops and no-frills warehouses. 5. 875 Washington Street: Acquired by Thor Equities and ABS Real Estate Investmentss Allegiance Real Estate Fund for nearly $100 million, the 60,000-square-foot property at 875 Washington Street boasts close to 11,000 square feet of retail space. 6. Chelsea Market: A composite upscale food court and office building, the former Nabisco factory is the brainchild of Jamestown Properties. In addition to the markets numerous food vendors, the office space above is home to a variety of media companies, including the Food Network, MLB. com and NY1. Tech giant Google has addressed some of its overflow from 111 Eighth Avenue by moving employees to Chelsea Market. 7. Pier 57: Earmarked for a $200 million, 560,000-square-foot development, Pier 57 is set to become a SuperPier and could soon be home to a health spa, food bazaar and rock-climbing wall. Upon approval, a footbridge could connect the pier with High Line Park. 8. IAC Building: Designed by super-architect Frank Gehry, the headquarters of InterActiveCorp at 550 West 18th Street is one of the most striking corporate buildings in Manhattan. Since the project began, every aspect of Manhattan real estateland, construction, renthas undergone such drastic price increases that Dillers building, which cost about $100 million, begins to look less like an example of modest success and more like an outright bargain, architecture critic Paul Goldberger wrote in the June 2007 issue of Vanity Fair. 9. Chelsea Piers: The former passenger ship terminalthe destination for the doomed R.M.S. Titanicwas reconverted to the Chelsea Piers Sports and Entertainment Complex in 1994. The facility features two full-size ice rinks, two basketball courts, lacrosse and soccer fields, batting cages and an outdoor driving range.

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10. Starrett-Lehigh Building: A full-block freight terminal, the StarrettLehigh Building wasELEVATORS built in the early WEST14TH STREET 1930s in a joint venture between WEST 16TH STREET WEST23RD STREET*** the Starrett Corporation and the WEST 30TH STREET Lehigh Valley Railroad. Owned by the The High Line is ful ly chair accessible. Helmsley estate andwheel later Shorenstein Properties, the building was sold to BIKE RA CKS GANSEV OORT STREET RXR Realty for $900 million in 2011. WEST 16TH STREET 11. Hudson Yards: The proposed third phase of the High Line Park would terminate at the Hudson Yards site and RESTROOMS Jacob Javits Center WEST on the Far West 16TH STREET Side. The $90 million project would be FOOD AND BEVERA GE Snacks are available in the spring, linked to the rest of New York via the 7 summer , and fall from food kiosks on the High Line. train subway extension.
HIGH LINE SHOP Open daily in the spring, summer, and fall on the High Line. Visit www.thehighline.org for details. *** The 23r d Street Elevator is out of service until further notice due to damage caused by Hurricane Sandy. WEST 18TH STREET WEST 20TH STREET WEST23RD STREET WEST 26TH STREET WEST 28TH STREET WEST 30TH STREET

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