Glenwood Management Launches Leasing at Crystal Green
By Al Barbarino
Glenwood Management Corporation has launched leasing at the 25-story, 200-unit Crystal Green at 330 West 39th Street in Midtown West.
The luxury rental building, designed to qualify for LEED certification, is the latest step in the transformation of a once industrial neighborhood into a residential and tourist attraction.
“Midtown West stands as one of the most exciting and dynamic neighborhoods in Manhattan, and we are committed to continuing to promote the steady evolution of this community with the launch of Crystal Green,” said Gary Jacob, executive vice president of Glenwood Management.
The neighborhood marries a healthy mix of culture, entertainment, restaurants and world-renown retailers, and it has seen a number of high-end residential buildings prop up over the last several years.
In 2009, Glenwood developed Emerald Green, one block south at 320 West 38th Street, where 568 apartments were rented in less than a year.
Among other residential properties in the area, Equity Residential opened Hudson Crossing, a 15-story, 259-unit building at 400 West 37th, in 2003; and the firm recently bought Mantena, a 12-story, 97-apartment high-end building at 431 West 37th Street.
Lalezarian Properties’s 30-story, 207-unit Townsend at 350 West 37th opened in 2010; and construction manager New Line Structures Work has resumed work on a stalled 12-story condo/hotel project formerly called Galerie at 515 Ninth Avenue and 39th Street.
Crystal Green is located within walking distance of Penn Station, multiple city subway lines, and is in proximity to Madison Square Garden, the Metropolitan Opera, Broadway theaters and Bryant Park, with rents starting at $2,795 for studios, $3,545 for one-bedrooms, and $4,610 for two-bedrooms.
Designed by Stephen B. Jacobs Group, it was built in part with locally-sourced, recycled materials; an efficient building-wide water filtration system; roof terraces with heat-reflective pavers; occupancy sensors for lighting in common areas; and staff will use eco-friendly cleaning supplies.
“As a company, we’re also dedicated to sustainable development and have built this property according to LEED guidelines in our pledge to help make a positive impact on the environment while enriching the lifestyle of our residents,” Jacob said.
Homes include bamboo wood flooring; Energy Star-rated appliances; eco-friendly plumbing fixtures and faucets; and washer/dryer. Kitchens feature granite countertops and floors; and marble bathrooms include porcelain sinks.
Amenities include a 24-hour attended lobby; a 24-hour garage equipped with electric vehicle charging stations; fitness center; residents’s lounge with kitchen; children’s playroom and recreation lounge with pool table.
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