Vertical Living
VERTICAL LIVING IN NEW YORK CITY
As the most populated city in the United States, New York City (NYC) has been growing vertically in the past decades to accommodate all the new residents hoping to locate in the downtown areas. Home to one of the first steel-framed skyscrapers, built in 1870, NYC continues to be a leader in vertical-living opportunities. While moving within the city limits isn’t the cheapest option, it’s easy to see why people are interested in NYC high-rise living. Not only are the floor plans stunning with matching amenities, there is access to one of the most exciting cities, complete with world-class entertainment, gourmet dining and the opportunity to entertain for business and pleasure. Never mind the gorgeous views you can witness from your home. For many, the advantages of city life outweigh the cost factor.

NYC vertical living comes in many varieties—lofts, townhouses, condos, mid- and high-rises, condo-hotels—that typically are located close to employment centers, major freeways and transportation services. With the cost of fuel increasing, residents are opting to live closer to work and spend less time commuting. Besides with so many housing options, newcomers can search for a place that fits their needs and budget.

Vertical-living spaces primarily can be found in the Manhattan area. Certain types of similar living are also known to flourish in NYC’s other boroughs, including Brooklyn, Queens, Staten Island and The Bronx. More than a dozen towers are slated to start or complete construction in the coming years, which will further expand the NYC vertical-living market and forever change the city’s skyline.

THINGS TO CONSIDER BEFORE CHOOSING VERTICAL LIVING
Before purchasing a high-rise, loft, townhouse, mid-rise or condo-hotel unit, there are several things to consider. While the urban lifestyle of vertical living may be right for some, others find they prefer living in a single-family residence. Following is an overview of consideration when contemplating vertical living.

Marital Status: Many single professionals are attracted to vertical living because of the lifestyle it supports. Often vertical-living developments are built close to entertainment venues, offering hassle-free access to restaurants, clubs and bars. Young couples that do not have children and are not expecting to expand their families anytime soon are also attracted to this exuberant lifestyle. In addition, many married empty nesters have gravitated toward vertical living because it offers a convenient lifestyle they are free to enjoy once their children have left home.

Commute Time: Working professionals realize time is precious. After a long day in the office, the last thing they want to do is commute for an hour back to the suburbs. This is why vertical living is appealing to them. Vertical living provides housing options in locations close to many major companies, which the majority of suburbs do not. By choosing vertical living, working professionals save time, money and gas.

Property Maintenance: Imagine having a professional repairman always at your service. When a pipe breaks, you make a phone call and someone comes to fix it. You no longer need to head to the hardware store, buy the supplies and fix it yourself. Vertical living supports this lifestyle as many of the buildings have on-site property managers to assist you with all aspects of home maintenance. Many of the higher-end properties even have a full-service concierge to tend to residents’ every need, including securing show tickets and dinner reservations. Furthermore, while some loft properties now feature amenities including rooftop gardens, and most vertical residences afford a routine free from yard maintenance.

Safety: Many people are drawn to vertical living because of its outstanding safety features. On a structural level, high-rise residential towers are commercial-grade products that require industrial strength concrete and steel. All of the building plans and materials must meet required wind and seismic ratings, ensuring the safety of all tenants. These developments also require life-safety and sprinkler systems. Aside from structural safety, many vertical-living developments feature guard-gated entries, security monitoring systems and on-site security guards. For people who travel frequently, the abundant safety features are especially appealing, providing them with the ability to “lock and leave,” knowing everything will be secure when they return.

Diversity: Vertical-living developments offer a chance for residents to live next to a diverse group of people. First-time tenants of vertical-living compounds often find that their fellow residents come from every walk of life imaginable. As buildings often can be considered micro-communities, vertical living provides a chance to become acquainted with a host of interesting people.

Amenities: The amenities vertical-living developments offer are truly unmatched. Some of the on-site services include a concierge, room service, fitness centers, full-service spas, restaurants, valets, movie and game rooms and conference facilities. While some developments allow you to customize the interior of your residence to suit your specifications, many other properties feature turnkey-style living. Turnkey residences offer every imaginable upgrade, from appliances to furniture, in the predetermined rent cost.

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