Battery Park, trees and water
Posted by Wei Min Tan on January 4, 2018
In Manhattan, Battery Park is the neighborhood with the most trees and parks, which gives it a nice, nature-like feeling. With the Hudson River right next to it, Battery Park is a scenic and beautiful neighborhood.
A Lot of New
Battery Park has many different enjoyable public areas, such as the Rockefeller Park, Brookfield Place mall, and the Hudson River Parkway, which is a running and cycling path. At Brookfield Place mall every month, there is a public event, one of my favorites being the Canstruction exhibition, where artists create sculptures out of different colored cans. There is a Winter Garden in the center of Brookfield Place, and shops such as Burberry, Zegna, Ferragamo and Gucci. The food court, Hudson Eats, is the best in Manhattan.
The new Goldman Sachs headquarters at 200 West Street enticed the opening of many restaurants such as Elvez, Blue Smoke, and Del Frisco’s Grill.
Battery Park is divided into the north side and south side by the yacht marina which lies in the center, outside of Brookfield Place mall. Every Spring, mega yachts dock here, and can be seen till around Fall. The yacht scene in the movie The Wolf of Wall Street was filmed right here in the Battery Park marina.
Residential condos in the north side include Riverhouse and 212 Warren, a recent conversion from a rental building. In the south side, there is the green and environmentally friendly Visionaire and next to it, the Millennium. The Ritz Carlton Hotel is at the south end of Battery Park.
From an investment perspective, the upside with Battery Park is proximity to the World Trade Center and Brookfield Place offices (American Express, Merrill Lynch, Time). It attracts people who want to be surrounded by trees, parks and be close to the river. However, the carrying cost of Battery Park condos are higher, because Battery Park is on a land lease. Hence selecting the right building is very important, as many buildings’ carrying costs are double that of the Manhattan average.