Located on Washington Street in the Financial District, the W New York Downtown Hotel and Residences offer a unique blend of boutique hotel amenities and luxury living. The W is a 57-story tower designed by Gwathmey Siegel, and it sits as the southern edge of the city’s World Trade Center Memorial Site, a block from the planned Freedom Tower. The W Downtown Hotel and Residences is offers the opportunity to be a full-time resident at the complex, 365 days at year, which means residents enjoy full time W hotel signature amenities.

Units and Pricing

There are currently eighteen active sales listings at the W, all of which are one and two bedroom units. One bedrooms start at $1.245M for 606 square feet and go up to $1.68M for 708 square feet. Two bedrooms, which range from 1,023 to 1,175 square feet, start at  $2M and go up to $2.495M. There are also 34 listings currently in contract at the W. The average prices per square foot for these available listings is $2,038.

Features and Amenities

Floors 6-22 at the W Downtown Hotel and Residences are devoted to hotel rooms, while floors 23-30 hold furnished residences. From floors 33-56, the W residences allow homeowners to customize their own interiors. All units boast large windows and open layouts, as well as state of the art kitchens with tons of storage space. Bedrooms come equipped with built-ins that are modern and practical.

Residents at the W Downtown Hotel and Residences enjoy the W Hotel Signature Amenities offered to guests 365 days a year. This includes the Living Room with terrace lounge, Bliss Spa and the Whatever/Whenever 24-hour concierge service. Residents also have access to a Digital Lounge with flat screen televisions, video game systems and wireless internet, as well as a media screening room, café, fitness center and private residents-only rooftop terrace overlooking Manhattan.

Location

The World Trade Center location is one that’s sure to be remembered forever, and the Financial Center is both quiet and bustling. It’s a recently revitalized neighborhood that boasts a great deal of luxury condominium residences. The Wall Street area offers a bevy of transportation options, so residents at the W Downtown can get uptown easily. As the Financial District is still a growing community, things tend to shut down at night, making for a quiet living location. Downtown Manhattan offers sweeping water and city views, the South Street Seaport, great restaurants, and recently, even a bit of nightlife!

Investment Potential

The W New York Downtown Hotel and Residences offer a very unique lifestyle opportunity. If your desire is to live in a hotel, pampered with all of the amenities a W Hotel can offer, then this is place for you. Throughout the WTC construction process, the area will be a bit of a mess, but when complete, the W residences should be an elegant convenient place to call home. B+

This entry was posted on Thursday, June 3rd, 2010 at 9:10 am and is filed under W Downtown Hotel and Residences - 123 Washington. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.