The Avalon West Chelsea – aka The AVA High Line – is done climbing, but its facade is not; the mid-rise section is now fully enclosed in glass and brick, while work continues on the high-rise component. At 710 units in total, the complex will help invigorate the neighborhood as it comes online later this year, satisfying the rapidly rising demand for new units close to Silicon Alley, the heart of New York’s booming tech sector.
While current trends in leasing are positive for the neighborhood, with prices seeing increases, the real surge in demand will likely begin in two years, once the first of the Hudson Yards towers opens and workers begin commuting in and out of the new business district. Besides Related’s Coach Tower and the Hudson Yards North Tower, the soon-to-be Hudson Boulevard will be lined with supertall office buildings; West Chelsea will prove a viable address for these office workers, as it is located within walking distance of the new towers. The AVA High Line is well positioned to take advantage of the district’s growth, and even though several other new developments are under construction, few are rising at the AVA High line’s scale.
Construction of the Avalon West Chelsea is expected to be complete later this year, with the first move-ins expected in December.
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