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When two developers completed the first luxury condo development on the southern end of Roosevelt island in 2005, they faced a huge challenge: convincing New Yorkers to actually move there.
Today, execs at The Hudson Companies and The Related Companies don't have to worry about the area's appeal. Their most recent high-end projects are doing well. Riverwalk Crossing, a 2-year-old, 242-unit rental tower, is fully leased; Riverwalk Court--their latest condo, with 123 units--is nearly 75% sold.
"Once people come to Roosevelt Island, they love it," said David Kramer, a principal of Hudson. "The views are spectacular, it's quiet and it's one of the safest places in the city."
Ready for its close-up
The 2-mile-long, 147-acre island in the East River is basking in an unaccustomed glow. With a population of some 14,000, up from 9,500 a decade ago, the area is one of the fastest-growing neighborhoods in New York, observers say. Stanford University...