When it comes to New York real estate, downtown Manhattan residences are in extremely high demand. The market for SoHo and Tribeca lofts continues to set records and inspire bidding wars, so it can be daunting to find the perfect place. But thanks to recent rezoning in the area, a new residential neighborhood is emerging, and with it, a rare opportunity. Hudson Square – bounded by West Houston Street to the north, Canal Street to the south, Sixth Avenue to the east, and the Hudson River to the west – is rapidly becoming downtown Manhattan’s hottest new neighborhood. While this area has attracted numerous media and tech companies in recent years, residential options in Hudson Square have historically been limited.
Fortunately, the new homes at 70 Charlton will change all that. The two modern red brick towers, designed by award-winning international architectural firm Beyer Blinder Belle and facing Charlton and Vandam Streets, are connected by a landscaped courtyard and shared lobby space. The design of 70 Charlton pays homage to the neighborhood’s heritage as a printing district by employing masonry, metal, and glass to a striking contemporary effect. The structure’s 92 residences range from 1- to 4-bedroom apartments and feature the open, loft-like living areas that draw prospective buyers to lower Manhattan. The mixed-use ground floor accommodates the lobby as well as retail space with street frontage. On the lower level, residents can enjoy a fitness center, 60’ saltwater swimming pool, and children’s playroom, among other amenities.
Completing Hudson Square’s emergence as the place to live in downtown Manhattan, rezoning at last allows for additional upscale retail and dining establishments to take root—a welcome development for those who already work in the neighborhood, and for prospective home buyers. In anticipation of an influx of new residents and families, plans have been made for a 444-seat elementary school. Of course, rezoning also seeks to balance a neighborhood’s revitalizing growth with its quality of life. With the rezoning of the Hudson Square area, new funding will be devoted to developing the community, with improvements set for the roof at Pier 40 and for indoor and outdoor recreational centers in the area.
Hudson Square is already home to some of the city’s great restaurants and cultural centers. Film Forum (209 West Houston Street) is a mecca for film buffs thanks to its dependable showings of foreign and independent features and well-curated retrospectives. Recent developments on the culinary scene include New American standout Houseman (508 Greenwich Street) and lunch favorite Mae Mae Café (68 Vandam Street), which is literally around the corner from 70 Charlton. It’s easy to see that rezoning has had a positive effect on this corner of Lower Manhattan, which features distinctive Federal and Greek Revival row houses and is surrounded and inspired by stalwart residential neighborhoods such as Soho, Tribeca, and the West Village. Now, the potential for measured development in Hudson Square that’s being embraced by local residents and business owners can create value and opportunity for prospective Lower Manhattan home buyers as well, as evidenced by the compelling new homes at 70 Charlton.
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