Riverside Boulevard is perhaps the most exciting new community in Manhattan. The new west coast extends along the Hudson River from West 59th Street to West 72nd Street on 92 waterfront acres, formerly occupied by the Pennsylvania Rail Road yards.
Donald Trump bought the property back in the 1970's. After a few failed proposals for the Riverside South property including the world’s tallest building at 152 stories named Television City, hoping to entice NBC as prime tenant, in 1991 Trump and a coalition of community and civic groups agreed to reduce the project’s size by 40% to 8.3 million square feet.
The buildings would range from 30 to 40 stories, and the waterfront park would cover 23 acres. Design standards would impose variations among the towers, and the street plan would respect the existing West Side grid. In exchange, the civic groups promised to usher the Trump proposal through the land use review process. The first building was completed in 1998.
The four Trump Place condominium buildings (120, 200, 220 & 240 Riverside Boulevard) front the Hudson River along the northern most boundary adjoining Riverside Park. Trump also built rental buildings located at 140, 160, and 180 Riverside Boulevard.
Trump Place was one of New York City’s first projects to offer a unique mix of richly diverse luxury amenities such as English billiard rooms, European spas, tranquil libraries & reading rooms, screening rooms, and sky terraces offering spectacular views. With the 25-acre Riverside Park South offering waterfront bike paths, picnic and sporting areas, and an enormous public recreation pier, Trump Place completes the all inclusive lifestyle like no other neighborhood in New York.
In 2000, seven acres of land stretching from 68th to 72nd Streets was added to Riverside Park, called Riverside Park South.
In 2005 The Carlyle Group and Extell Development Company purchased a large tract of land and three apartment buildings from a consortium of Hong Kong investors and Donald Trump for $1.76 billion. The transaction included a tract of land, which is bounded by 59th and 65th Streets and West End Avenue and Riverside Boulevard, and three existing apartment buildings.
Extell developed The Avery and The Rushmore. The Avery was completed in 2008 and The Rushmore in 2009. The Avery is sold out and only a few sponsor units are available at The Rushmore. However, there are currently resales available at both buildings. The buildings will be joined by several additional residential developments taking shape in the next few years.
The Avery 100 Riverside Boulevard
The Avery, a 32-story building with 274 one-to-three bedroom residences, has views of the Hudson River and Riverside Park between 64th and 65th streets. Avery features a state-of-the-art fitness center that overlooks a large children's playroom, a gaming room, Abigail Michaels concierge service, an onsite parking garage and an unprecedented partnership with Lincoln Center for the Performing Arts.
The Rushmore 80 Riverside Boulevard
The Rushmore's 16-story base gives rise to two soaring towers standing 43 stories tall. The Rushmore will offer its 289 residences world-class amenities, including La Palestra Fitness and Wellness Center, indoor lap pool, screening theater, private sundeck and an exclusive partnership with Kidville, NY.
The properties of Riverside South have some of the best amenities in New York City. The selection of apartments includes everything from small one-bedroom residences to large combinations with big terraces. The new condos also offer a 10 year 421A tax abatement.
You will never have to leave home but you will definitely want to when you consider the neighborhood. Your new home is but a short walk to Lincoln Center and its Metropolitan Opera House and Avery Fisher Hall, the Time Warner Center, Jazz Concert Hall, Central Park, the Subway, Riverside Park, top restaurants (Per Se, Jean Georges,) and all the best amenities the Upper West Side has to offer including a gourmet market just around the corner, plus a bicycle path and an open air riverside cafe steps away from your door.
Riverside Park South, designed by landscape architect Thomas Balsley, spans from 62nd to 72nd street connecting Riverside Park with Hudson River Park. The park offers a balance of recreational opportunities and amenities that reflect the culture of the Upper West Side, including an amphitheater, athletic facilities, community gardens, sunning lawns, café terraces and public art. Other aspects include a boardwalk that spans four city blocks, a bicycle path stretching from The Cloisters to the tip of Manhattan and Pier I stretching 750-feet into the Hudson.
Current prices of available condominium apartments on Riverside Boulevard range from $550,000 for a 551 square foot studio at 120 Riverside Boulevard to $12,500,000 for a 4000 square foot 5 bedroom at 240 Riverside Boulevard (The Heritage at Trump Place)
A 7200 square foot 8 bedroom is available at 80 Riverside Boulevard (The Rushmore) Asking $12,450,000.
Courtesy of:
Mitchell Hall, Associate Broker, The Corcoran Group
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©Mitchell Hall 2010
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