A highly tempting office alternative (300 West 30th Street - VUW Studio)
Early in the pandemic, some expected that New York would be on lockdown for only a few weeks and then go right back to the way things were. This did not come to pass, and one way this still comes through is in a still-robust work-from-home or hybrid work model. Companies have embraced the model to better retain employees in the early days of the Great Resignation, and buyers who put home office space on their wish lists are reluctant to leave it. Because of all this, The Apollo Academy puts New York office capacity at 46% and projects that a 50% office occupancy rate may be the new permanent level in most metropolitan areas.
Office occupancy data (The Apollo Academy)
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As the days get longer and more pleasant, it will undoubtedly be even harder to persuade people to spend the day in the office when they could otherwise work from home wearing whatever they want. Last summer, The Wall Street Journal speculated that industrial-strength air conditioning might entice employees back to the office on hot days, but it is unclear whether this came to pass.
“The hybrid work model has persisted far longer than I expected it to” – Marc Holliday, CEO, SL Green
Residential developers have also caught on to the new hybrid work lifestyle. As such, they have included coworking space in their new buildings and begun to market the lounges in their existing buildings as potential workspace. For some lucky residents, the lounges open directly to outdoor space with the building's Wi-Fi, allowing residents to make video calls and do work outside as well as in.
Condos
208 Delancey Street (Compass)
208 Delancey Street was designed to feel like an oasis of calm in the middle of a bustling Lower East Side neighborhood. The indoor/outdoor amenity package is a key component of this. As part of it, the building's lounge has a glass-enclosed private roof that allows for private calls and meetings, as well as access to the center courtyard.
30 East 29th Street
12 availabilities from $1,630,000
12 availabilities from $1,630,000
Rose Hill (Core Group NYC)
Select units at Rose Hill have been designed with "bonus rooms" that can serve as home office space. For those whose units do not have this feature, or who have chosen to use their bonus rooms for another purpose, the building's Blue Room lounge opens up to a landscaped courtyard with outdoor seating.
300 West 30th Street (VUW Studio)
300 West 30th Street took shape on a centrally located corner with easy access to the offices of Hudson Yards, the Penn District, and Midtown West. But between the lounge's flexible layout and access to a landscaped terrace with city views, residents may not want to leave the building to go to work.
Waterline Square (Evan Joseph)
The Waterline Square mega-development has garnered considerable attention for the 100,000-square-foot Waterline Club amenity suite that all three buildings can access. However, all three buildings also offer amenity packages of their own. These include lounges that open up to landscaped terraces with views of the Hudson River that no Zoom background can rival.
378 West End Avenue (Compass)
378 West End Avenue was in the works before the pandemic, but the building incorporated such health-conscious features as advanced air and water filtration systems and copper alloy door handles to all the common spaces. These include a lounge with separate library and access to the building's private courtyard.
393 West End Avenue (Alden Studios)
Amidst its conversion to a condominium, 393 West End Avenue's Collegiate Gothic facade and original architectural details have been beautifully restored to their formal glory. However, the apartment floor plans and residential amenities have been reimagined to reflect the needs of today's buyers. These include a Great Room with private nooks for remote work and access to a beautifully landscaped courtyard.
11 Hoyt Street (The Corcoran Group)
11 Hoyt Street is distinguished by its scalloped facade as well as the 27,000-square-foot private park at the center of the building. The indoor amenities of the third-floor Park Club offer access to the outdoor space; among them is a coworking lounge with private meeting rooms.
138 Willoughby Street
16 availabilities from $988,000
16 availabilities from $988,000
Brooklyn Point (Evan Joseph)
By night, the Park Lounge at Brooklyn Point serves as a party setting with its custom bar. But by day, residents can bring their laptops to the lounge to enjoy double-height ceilings, luminous art installation, and access to the terrace that wraps around the entire ninth floor.
184 Kent Avenue
5 availabilities from $850,000
5 availabilities from $850,000
Austin Nichols House (Compass)
North of Domino Park on the Williamsburg waterfront, Austin Nichols House has evolved from a grocery warehouse to a bourbon distillery to an authentic loft condominium. Over 30,000 square feet of residential amenities include a lounge with a catering kitchen and access to a landscaped courtyard.
45-30 Pearson Street
10 availabilities from $720,000
10 availabilities from $720,000
The Greene (Nest Seekers)
In the four months since sales have launched at The Greene, a flurry of contracts have been signed at the building. It is hard to pinpoint any one factor, but its extensive indoor/outdoor amenity package cannot possibly hurt. It includes a second-story lounge with co-working seating and access to an outdoor terrace.
Rentals
345-395 South End Avenue
7 availabilities from $3,350/month
7 availabilities from $3,350/month
Gateway (Gateway Residential Management)
As one of the first residential developments in Battery Park City, the Gateway complex set a high standard for the area with its well-considered floor plans and extensive indoor/outdoor amenities. The lounge is spacious enough to accommodate work and leisure uses alike, and opens up to the beautifully landscaped grounds.
241 West 28th Street
9 availabilities from $3,997/month
1 month free rent and 1 month OP
9 availabilities from $3,997/month
1 month free rent and 1 month OP
Ruby (DBOX)
The two-towered Ruby brings a two-towered development to an empty lot across the street from Fashion Institute of Technology. Both towers are connected by a landscaped courtyard, and the library lounge offers direct access to the outdoor space.
606 West 57th Street
4 availabilities from $4,410/month
Reduced security deposits
4 availabilities from $4,410/month
Reduced security deposits
The Max (TF Cornerstone)
The Max brings imaginative architecture and an array of over 45,000 square feet of amenities to the Far West Side. They include a lounge with co-working capacity that opens up to a terrace with sweeping Hudson River views. If people need a break, they can work out in the building's expansive gym.
540 Fulton Street
8 availabilities from $3,249/month
1 month free rent on a 13-month lease
8 availabilities from $3,249/month
1 month free rent on a 13-month lease
The Paxton (MNS)
The 530-foot-tall tower dubbed The Paxton features eight floors of office space below the rentals on top, and is well situated near myriad transportation options. However, residents need not leave the building to go to work - the amenities include a business center with conference room and access to an outdoor terrace with spectacular skyline views.
1-15 57th Avenue
13 availabilities from $3,474/month
Up to 2 months free rent
13 availabilities from $3,474/month
Up to 2 months free rent
Gotham Point (Gotham Organization)
At the southwest tip of Long Island City, Gotham Point has transformed the local skyline with its two-towered design, well-thought interiors, and extensive amenity package. A well-appointed co-working space opens up to a private terrace with spectacular views of the East River and the Manhattan skyline.
Gotham Organization
(646) 867-XXXX
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