Something about the Setai—the Financial District office-to-condo conversion at 40 Broad Street—has always seemed a little off to us. From the over-the-top zen/spa theme to the terrible tagline (”There’s no word for it in English”) to the clumsily-named rooftop lounge (Aarais!), that South Beach-styled former Development Du Jour gives off a vibe that’s out of place in the buttoned-down FiDi. Which must be why it’s attracting non-FiDi prices! In a story spotlighting commercial and residential development in Lower Manhattan, the Sun’s Michael Stoller reports that the Setai’s penthouse sold final month for a whopping $1,800 per square foot. That could be a record for an area that normally gets up to $1,300/sf, but the

record may not stand for faraway. Developer Joseph Moinian says he expects to get “in excess of $2,000 a square foot” for the Washington Street W Hotel & Residences. FiDi, my how you’ve grown!
· All Signs Pointing Up in Downtown Manhattan [Sun]
· Development Du Jour: The Setai [Curbed]

Original post by Joey

restaurants knicks staten island bronx giants tours mets jets attractions madison square garden Brooklyn shea stadium NYC broadway yankee stadium bay ridge shopping sightseeing NY hotels Queens Manhatten New York City new york