NY1 ran a segment this morning to announce the completion of digging for the Second Avenue Subway project - which has been planned and envisioned since the 1920s! When the new line opens for strap-hangers in 2016, Second Avenue will become a draw for more retail, eating/drinking establishments, community services and more. One only needs to look at the High Line to see how public & private investment can re-envision an entire neighborhood.
A recent New York Times article, Cities See Another Side to Old Tracks, discussed how The High Line has become both a symbol and a catalyst for an explosion of growth in the meatpacking district and the Chelsea neighborhood.
In fact, in the five years since construction started on the High Line, 29 new projects have been built or are under way in the neighborhood, according to the New York City Department of City Planning. More than 2,500 new residential units, 1,000 hotel rooms and over 500,000 square feet of office and art gallery space have gone up.
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