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REBNY President Steven Spinola Hails Riverside South as “Pathway to Housing New Yorkers”

It is no secret that New York City continues to battle a housing shortage to keep pace with the diverse, fast- growing population — which is expected to see an additional one-million residents over the next 25 years. In today’s market, inventory is tight and financing regulations are even tighter leaving many buyers, sellers, and renters facing tough choices about lifestyle and location. According to Real Estate Board of New York President Steven Spinola, Extell’s Riverside South mega-project has successfully created a model that challenges the housing density shortage but does not “come at the price of New Yorkers’ quality of life.”

Conceived over 50 years ago, the Riverside South project has transformed a 77-acre former rail yard into a series of luxury condominiums. And with the completion of Riverside Center, “Riverside South will breathe new life into the area.” The new neighborhood will boast more than 10,000 new homes, restaurants, and retail plazas, and parking that will appeal “not only to UWS natives, but also newcomers and visitors alike.”

Built on existing land, the Riverside South complex includes Extell’s Avery, Ashley, Aldyn, The Rushmore, and One Riverside Park, which offer thousands of residences complete with fitness centers, gaming rooms, concierge services, screening rooms, astounding views, and access to Riverside Park’s endless year-round activities.

*Excerpted from Real Estate Weekly, “Riverside South Provides Pathway to housing New Yorkers”, 23 December 2014