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When people think of Manhattan, they tend to think about commercial companies and businesses rather than residential neighborhoods. What is unexpected, though, is that some neighborhoods can be an excellent mix of both. One neighborhood that is such a mix is Stuyvesant Town-Peter Cooper Village. This area of Manhattan is located between East 14th and 20th Streets, as well as 1st Avenue, Avenue C, and a portion of the East River. There is a lot of history behind this area, and it’s gradually becoming seen as more of a desirable area to rent from. Before you consider leasing a Stuyvesant Town office or workspace of sorts, it’s best to learn about the area to ensure it can satisfy and support you or your company. Below, we’ve highlighted some key information regarding the history of Stuyvesant Town, the transportation offered there, and the top Stuyvesant Town leasing office in the area.
In the 17th century, America was going through a transitive stage. The 13 colonies were forming, as was the country as a whole. Around this time, a man named Peter Stuyvesant owned a portion of land used for farming in modern day Manhattan. Stuyvesant was the last Director-General of New Amsterdam, which was a Dutch colony established in modern day New York City. This is where the name of Stuyvesant Town came from.
Around the 19th century, an industrialist named Peter Cooper founded Cooper Union. Cooper Union, also known as Cooper Union for the Advancement of Science and Arts, is a private college that initially offered free classes to admitted students. Cooper began this school to financially support the foster of intelligence. For his advancements and benefit to the community, Peter Cooper Village was named after Peter Cooper.
About Stuyvesant Town-Peter Cooper Village itself, this residential apartment complex was built and established in the 1940’s after World War II as a way to provide people, especially veterans, with affordable housing options. When it was first built, 110 buildings were erected, and this totaled to over 12,000 apartments available. When it first opened, over 7,000 applications were received on just the first day. Through the entire period between the open date and the initial occupancy date, over 100,000 applications were received. Talk about a successful, yet stressful, situation! All of the accepted first tenants were World War II veterans and their families, and they moved in on August 1st of 1947.
As time passed, new landowners have come and go. Back in 2006, MetLife sold the neighborhood to Tishman Speyer, who then relinquished ownership to CW Capital between 2010 and 2015. Today, the property is owned and controlled by Blackstone and Ivanhoe Cambridge. Remarkably, Stuyvesant Town-Peter Cooper Village now houses over 30,000 residents to date.
Before moving to Stuyvesant Town-Peter Cooper Village, it’s important to understand the rich historic past of the neighborhood, as without these iconic people and situations, the village would not be erected as it is today.
Wherever there is a largely residential neighborhood, plenty of transportation tends to become available. This is because the city knows that it must meet the population’s needs. If there are more people in one area, and they need to get around to other areas, they must include plenty of transportation options. This can clearly be seen throughout Stuyvesant Town-Peter Cooper Village. The first form of transportation present is trains. Train lines have been around since the mid 1800’s, so by the time this village was established, there were already plenty of train options around. More specifically, though, the L train is the one majorly accessible line here, as it’s right outside of the village itself. Because this is the only train line in the immediate area, bus routes compensate. The M15, M14, M9, and M23 buses are all outside the perimeter of Stuyvesant Town and Peter Cooper Village.
Other than these classic forms of public transportation, walking is highly popular here. In fact, this neighborhood received a Walk Score ranking of 94 out of 100. This made it the 72nd most walkable neighborhood within New York City. This was determined based on the fact that there are many stores in walking distance, and a car or other vehicle is not necessary to survive effectively. Another popular method of transportation here is bicycling. CitiBike sites are established here, and these allow people to rent a bicycle and return it to any CitiBike location they wish to, as long as an open slot is available. This is great for both the finances and the environment.
A third and final transportation option is the Stuyvesant Cove Ferry. This ferry connects to Brooklyn and allows travelers to get across the East River conveniently. A ferry is a great option, as it’s located right on the border of Stuyvesant Town-Peter Cooper Village.
Ultimately, because the area is largely residential, it makes sense that plenty of transportation is accessible from just outside the complex.
When discussing leasing offices in Stuyvesant Town-Peter Cooper Village, the concept can be slightly difficult to grasp. Because the area is largely residential, not many office spaces can be opened in the area. However, there is room on the border for companies, and these are rarely out of a lease. If the opportunity for one arises, jump on it fast as it won’t stay on the market for an extended period of time. Below is one of the top Peter Cooper Village leasing office for commercial real estate in Peter Cooper Village.
This leasing office is located right on the border of Stuyvesant Town-Peter Cooper Village. Consisting of a 25-foot frontage, wide windows, and high ceilings, it is clearly a desirable
location to rent. Tons of light is let in from the front, and this is radiated off the beautiful interior space every day. Renting from 288 1st Avenue is a great option because it provides a company with plenty of notoriety. As it’s outside of a largely residential area, plenty of people will pass by it daily. Not only is this accessible for all residents, but it allows your business the opportunity for massive growth. When considering opening a company office or commercial site in Stuyvesant Town, 288 1st Avenue is a top spot.
Because Stuyvesant Town is largely residential, not many options for real estate emerge frequently. If you are dead set on opening an office space in Peter Cooper Village, it’s important to act fast when the opportunity arises. Otherwise, you could let your ideal space go and have to wait another extended period of time for another listing to appear.
Stuyvesant Town-Peter Cooper Village is an ideal place for rentals, as your company will be surrounded by plenty of people every day, thus fostering potential growth. Remember to stay on top of your leasing pages, as acting fast will benefit you in the future!