‘Historic’ Doesn’t Rule Out ‘New’

(The New York Times) Since it was designated a historic district in 2001, the Madison Square North neighborhood, with its row houses and Art Deco-style towers, has undergone a striking transformation. Hotels and offices have replaced many of the warehouses and garment showrooms that once populated the 10 blocks around the northern end of Madison Square Park.      

But although the character of the tenants has shifted, the historic neighborhood, which some call NoMad (for North of Madison Square Park) and which is bounded by 25th and 29th Streets, between Madison Avenue and Avenue of the Americas, has seen very little new construction since the Great Depression.        

 

Source: http://www.nytimes.com/2013/05/12/realesta...