TOWN IN THE NEWS

Claudia Saez-Fromm and Mark David Fromm share insights on downtown's changing landscape with Quest Magazine

Quest, October 6, 2016



Claudia Saez-Fromm and Mark David FrommThe Saez+Fromm Team, TOWN Residential

How have downtown real estate opportunities changed in the past few years?There are more and more larger apartments coming to market as families decide to stay in the city to raise their children versus heading to the suburbs.  Also new developments have positively transformed the landscape and provided tremendous options in prime areas like West Chelsea,  Hudson Yards, and the Lower East Side. 

What differences do you find in the types of people looking to buy downtown nowadays versus twenty years ago?

Twenty years ago areas like TriBeCa or West Chelsea were not the destinations that they are now.  Downtown attracts a wide range of buyers from families to empty nesters and local to international buyers who are inspired by the energy and dramatic views.

Downtown has primarily been seen as the turf for the young and single renters. What makes the area an attractive place to buy for couples and new families, as well?

Downtown has attracted more families due in part to private schools like Avenues and the new public schools like 75 Morton.  The area is also more convenient than ever with prime dining, flagship retail and not to mention Westfield World Trade Center.  And then there is the ultimate amenity of space, you can always get more square footage in loft buildings downtown versus uptown.  

What’s the most surprising thing about downtown Manhattan real estate? Why?One of the most surprising things that we have seen is a marked increase in real estate value west of 10th Avenue, which is primarily credited to the opening of Avenues.

Is there any listing in particular you would like to mention?We are really excited about 46 Laight Street, a beautiful 5,200 sf triplex that offers luxury townhouse-like living.

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