NoHo’s come a long way since the 1960s. Once a low-key part of the city with streets lined with empty warehouses and lofts, no one would have thought twice about inhabiting a place there. That is unless you were one of the city’s aspiring artists, looking for a cheap place to set up a studio/residence.
NoHo was once the home of Andy Warhol, Robert Mapplethrope and Jean-Michel Basquiat. However, the downside is that as these artists began to create a romantic notion of the vacant lofts through their work, wealthy NY residents began to jump on the bandwagon.
From the 80s onwards, NoHo started to gain a reputation for being a trendy, bohemian neighborhood and well known property investors began to take over the premises. Today, there are a number of celebrities who reside in this small patch of New York, including Gigi Hadid and Kristen Stewart to name a few.
What’s more, since the 2000’s, there’s been a number of luxury developments with some impressive architecture that combines modern glass wall designs with the traditional loft designs of the 60’s. Let’s take a look at some of the most impressive.
Gigi Hadid’s $5.8 million refurbishment
Known for her catwalk glamour, Gigi Hadid has recently surprised her social media followers as she posted a picture of her refurbished NoHo apartment. Hadid’s unique apartment caused a lot of controversy after critics commented that her choice of furniture made the place look more like a teenager’s hostel than a celeb worthy apartment.
Taking it in her stride, Hadid thanked those who had helped be a soundboard for her ideas when decorating the apartment and commented that they had called her crazy when needed. Featuring ‘hip’ wall art and natural wood materials, mixed with sheek marble countertops in the kitchen and bathroom give the apartment that feel of the 1960’s class, combined with today’s luxurious decor.
25 Great Jones Street
Ok so it’s not an apartment, it’s an entire building of them. 25 Great Jones street is one of the most recent luxury developments in the area. The 11 storey building was designed by well-known architects BKSK and features 6 luxurious residential blocks. If you want a slice of this pie, prices start from $10 million upwards, with the penthouse suite said to set you back double this.
The design of the complex was inspired by the Warhol era residences and combines the open, rigid warehouse vibe with modern luxury. While many residents are now being priced out of the area, local real estate representatives have stepped in to ensure that rent prices remain stable for current residents.
That being said, the area still has the highest price increases year on year, in the city.
25 Bond Street
Converted from a parking garage in 2007, 25 Bond Street is perhaps one of the most surprising developments. Crafted from limestone, the once dilapidated building is now a popular home for the rich and famous, looking to keep their privacy.
This building really does provide luxury with an onsite gym, swimming pool, steam room and sauna. After residents have got their spa fix, they can head over to the onsite library, request assistance from the 24/7 doorman service or park a couple of their cars in the two parking spaces allocated to residents.
Insuring property in NoHo
You’ve taken the jump on renting a luxury NoHo apartment, so why take the risk of anything happening to it. In New York City, it’s not uncommon for residents to be affected by seasonal weather, crime or just general accidents that leave you in a muddle if you don’t have the correct insurance to cover the mishap.
Renters insurance NYC should cover you in the event of theft, accident or general damage and circumstances that are beyond control. It’s certainly worth having in case you ever do find yourself needing to make a claim.
Overall, while NoHo was once the forgotten district of NYC, today’s scene couldn’t be further away from that of the 60’s. With celebrity residents, penthouse suites selling for upwards of $20 million, and keen interest from real estate developers, it looks like NoHo is going to be one of the wealthiest parts of the city if it keeps up the game.