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Flood of New Rentals Continues With Upper West Side's Ashley

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With a new luxury rental tower opening for business every week, 2010 has already become the year of the rental, and the pattern is showing no signs of slowing. The Real Deal takes a look at a number of rental buildings that are planning on debuting later this spring, including the 270-unit Addison on Schermerhorn Street in Downtown Brooklyn, and the Garment District building at 350 West 37th Street (tentatively named Townsend) that ruined muralist Richard Haas's view. TRD also has a reveal on the Ashley, Extell's quickly assembled 209-unit building at West End Avenue and 63rd Street on the Upper West Side. Part of the developer's Riverside South collection of towers, the Ashley is the sister building to the Aldyn, the condo building going up right next door (the condos get the fab river views). Up until now the Ashley has been a bit of a mystery, so here are the fun facts:

The two buildings are slated to share a 37,000-square foot amenity space complete with a bowling alley and 75-foot pool, Finn said. Though rents haven't been finalized yet, he said studios will likely start at around $2,500 per month, one-bedrooms at $3,200, two-bedrooms at $4,600, and three-bedrooms at $10,000 per month.

The high prices are justified by large sizes for rentals, Finn said, noting that two-bedrooms will range in size starting at 1,200 square feet, and three-bedrooms will start at 1,800 square feet.

Luxury condo owners sharing amenities with renters? Looks like The View/EastCoast setup in Long Island City that takes some knocks from prospective buyers is getting exported to the Upper West Side. That's going to be one fierce bowling league!
· Slew of new rentals coming to market [Real Deal]