WASHINGTON HEIGHTS, NY — A brand-new condo development opened this month in Washington Heights, giving area residents a peek into the future as Uptown Manhattan’s real estate market continues to heat up.
HAP Investments cut the ribbon on its new 39-unit building “The Highbridge” — located atth St. near Edgecombe Avenue — on Sept. 13, the development firm announced this week. The new development is already 77 percent sold and the firm is continuing closings in the coming months.
In announcing the building’s opening, executives at HAP Investments deemed Washington Heights one of the city’s “most talked about, up-and-coming spots.”
“We believe it is an area with long-term investment potential. Located in northern Manhattan away from the dense crowds and hustle and bustle, Washington Heights provides a quieter pace of life with a true neighborhood feeling,” HAP Investments CEO and Co-Founder Eran Polack said in a statement.
“Situated on a hilltop, the area offers park and skyline views, as well as award-winning restaurants, several parks and cultural attractions, plus direct transportation to midtown.”
Manhattan’s Community District 12 — which spans the Washington Heights and Inwood neighborhoods — currently has 17 active construction jobs that will add 320,539 square feet of space and 215 apartment units, according to the city Department of Buildings’ map of active construction. These figures do not take into account the number of developments still waiting on approval from the city or developments planned for the future.
HAP Investments touts The Highbridge’s proximity to New York Presbyterian Hospital and Columbia University Medical Center and easy access to the A and 1 trains in its sales pitch. Building amenities include a gym, bike storage and a roof terrace for tenants. The Highbridge condominium has been in the works since HAP Investments was awarded permits by the city Department of Buildings in 2012, according to city records.