Downtown Manhattan, and the Financial District (FiDi) in particular, have seen a real resurgence in the years following September 11, 2001. Development has amped up, retailers have moved back in, and home prices have bounced back with a vengeance.
The Westfield at World Trade Center, AKA the Oculus, opened a little over a year ago, bringing many high-end stores like Charles Tyrwhitt and John Varvatos. Trendy grocer Whole Foods has also since called the neighborhood home.
FiDi has seen its share of natural disasters as well, suffering damage from Hurricane Sandy in 2012.
But despite the challenges, the area’s population has grown from 23,000 in 2000 to 43,000 as of 2015. And development has risen to meet the demand. Fidi saw the highest level of new condo construction in 2016 of all Downtown Manhattan neighborhoods.
And yet, in the shadow of Sandy, prices remain (for now) somewhat cheaper in FiDi than many of its neighbors, most notably Tribeca, which is the most expensive neighborhood in Manhattan.
Here’s a brief round-up of what you can buy for under $3 million in the FiDi new construction condo market:
1. 101 Wall Street
101 Wall by The Claremont Group has a total of 52 units, sizes range from 706 square feet to 3,146 square feet. Its elegant brick and bronze facade is a stylish throwback to the area’s past, brimming with Art Deco construction.
Residences were designed by celebrated Dutch designer Piet Boon, and feature Boon’s trademark of sophistication and graceful simplicity. The lobby was carefully restored using many of its original design components. Units boast bespoke entry and interior doors, oversized casement windows, tall custom baseboards and beamed ceilings.
Amenities include: a sauna, fitness center, private storage space, and a golf simulator.
Pricing starts at $1.1 million.
2. 246 Front Street
Developed by Andreas Giacoumis, 246 Front Street has five units, ranging in size from 935 square feet to 1,698 square feet. It’s located a few blocks away from Pier 17, which offers high-end retail, dining and creative and performing arts experiences.
The development was rebuilt from the ground up and each residence features custom cabinetry, ENERGY STAR-rated appliances, Kallista brand fixtures and Bosch washers and dryers.
Pricing for available units starts at $1.3 million.
3. 49 Chambers Street
49 Chambers Street is developed by Chetrit Group, and houses a total of 81 units. Residences vary in size from 968 square feet to 3,924 square feet. The building is in the heart of Downtown, a stone’s throw from the Westfield at World Trade Center, mass transit and a wealth of eateries.
The unique H-shape of 49 Chambers Street helps to optimize natural light and offers stunning views. Residences boast elevated ceiling heights, solid wood doors, and up to eight-foot curved and bay windows.
Amenities include: a yoga room, steam room, rooftop park, pool, and a screening room.
Pricing starts at $1.9 million.
4. 125 Greenwich Street
Developed by SHVO , Bizzi & Partners Development and New Valley Realty, 125 Greenwich Street houses a total of 273 units, which range in size from 418 square feet to 1,933 square feet. It was designed by renowned architect Rafael Viñoly with unique interiors by March & White.
From inside its shimmering tower, oversized windows offer stunning panoramic views of the Manhattan skyline. Residences feature a bold, modern design, with distinctive lighting.
Amenities include: a spa, screening room, sky pool, rooftop deck, and a private dining room.
Pricing starts at $1.3 million.
5. The Beekman Residences
The Beekman Residences is located at 5 Beekman Street and was developed by GFI Development Company and GB Lodging. It houses a total of 68 residences, ranging from 1,393 square feet to 1,809 square feet. Set in one of the city’s most exceptional landmarked buildings, The Beekman Residences seamlessly mixes turn of the century and modern architecture and design.
Residences offer panoramic views, floor-to-ceiling windows, 16-foot ceiling heights in the living room, custom fireplaces, and spacious living areas.
Amenities include: a media room, rooftop terrace, housekeeping services, a valet, and fitness center.
Pricing for available units starts at $2.9 million.