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
Scandal: Large-Scale Developments Approved Without Architect's Involvement
A New York Times investigation has revealed evidence of a development company repeatedly misleading the New York City Department of Buildings.
Suicides Prompt New Public Access Rules for the Vessel at Manhattan's Hudson Yards
The Vessel is reopening after closing for four months due to a rash of suicides.
New York Real Estate Market Shows First Signs of an Uneven Recovery
New data make it possible to trace outline of COVID-19's footprint on the Big Apple real estate market.
Rethinking Redlining
For decades we have blamed 100-year-old maps for the patterns of spatial racial inequity that persist in American cities today. An esteemed researcher says: we’ve got it all wrong.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California High-Speed Rail's Plan to Right Itself
The railroad's new CEO thinks he can get the project back on track. The stars will need to align this summer.
How Cities Can Support Climate Adaptation
In the face of federal cuts to climate resilience funding, a panel at ULI’s Resilience Summit offered suggestions for maintaining managed retreat and other climate adaptation programs.
Transportation Research Centers Lose Key Federal Funding
The federal University Transportation Center program funds critical transportation research and innovation at 35 consortia of colleges and universities.
Savannah Reduces Speed Limits on Almost 100 City Streets
The historic Georgia city is lowering speed limits in an effort to reduce road fatalities.
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.
City of Clovis
City of Moorpark
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions