Swanky Housing in Seedy Neighborhoods From San Francisco’s Trinity Place to New York’s Fifteen Hudson Yards, these luxury developments are sprouting in run-down urban districts. Tanya Fruehe and husband Zachary Wesley rent this apartment for roughly $3,000 a month in San Francisco’s mid-Market neighborhood. As required by New York City, Hudson Yards will build 460 low-income units, distributed by city lottery. In Hudson Yards, financial companies KKR and BlackRock, luxury brands L’Oréal and Coach and media companies including Time Warner have already signed commercial leases, Mr. Cross said. Photo: Christopher Mayer Photography“Commercial tenants increasingly have a millennial workforce and they work flexible hours and want a live-work-play environment,” Hudson Yards’ Mr. Cross said.

Source: Wall Street Journal December 07, 2017 14:48 UTC