Hudson Yards, which opened to the public within the past year, is the most expensive neighborhood in all of New York City, according to a new report.
"Hudson Yards has officially become the priciest neighborhood in New York City," reports Lizeth Beltran.
Beltran is sharing the findings of a new report by PropertyShark, and online real estate search and property information platform.
"The neighborhood in Manhattan took the top spot during the third quarter of 2019 by a significant margin, with a median sale price of $5 million— dethroning TriBeCa for the first time in seven quarters, which had a median sale price of $2.4 million," according to Beltran.
Beltran's coverage of the report includes a lot more details on the other expensive neighborhoods in New York City. As for why Hudson Yards has suddenly catapulted into the top spot, we'll have to look elsewhere. The incredibly expensive price tag for building the Hudson Yards development could explain some of the cost of now living and working there. There is also plenty of deliberately exclusionary tactics built into the development. There have also been reports of a growing number of wealthy people renting apartments while waiting for the price to buy to drop.
FULL STORY: Hudson Yards becomes priciest neighborhood in the city
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.