By Hemmy So
Developing apartments where printers once toiled
Peter Moore, who plans to develop two condo buildings in Hudson Square, is just one of many developers with projects in the neighborhood.
According to one major real estate broker, Greenwich St. has become the new “Gold Coast,” a hot street for those in the market for a new home. Thanks to recent rezoning that now allows residential development in the formerly manufacturing area, Greenwich St. and its neighboring streets in Hudson Sq. have become ripe for sparkling new condominium projects.
While the small area bordered by Canal, Varick and Houston Sts. and the Hudson River still has strong vestiges of its former life, such as empty parking lots, garages, short manufacturing buildings, a couple of shiny modern condo buildings on Greenwich St. hint at Hudson Sq.’s future.
Next door to each other on Greenwich St., near the corner of Spring St., two glass buildings will house the first wave of new residents. The larger condo building, 505 Greenwich St., shoots up 14 stories and has 104 units, ranging from one-bedroom apartments to spacious six-bedroom duplexes that can be created from the combination of two smaller apartments.
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