Gallery: Lowline Underground Park May Raise LES Property Values But Als...

There's been a lot of talk about how the proposed Lowline underground park would bring an exciting green space to the Lower East Side, but that isn't the only change it could mean for the neighborhood. According to the WSJ, the new park could raise area property values much like the High Line did for Chelsea. But others worry about the side effects that come with having a tourist attraction spring up - like higher rents and loss of neighborhood character.

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1 Comment

  1. rpvitiello December 29, 2012 at 4:20 pm
    The big issue I have with this is it seems like a solution looking for a problem, that neighborhood has massive surface parking lots that would make a great park in and of themselves, why put this underground when you could put in an above ground park. Use this underground space for vehicle parking and get rid of all street level parking in that neighborhood to open up the streets. If there is still more space, put in underground retail with that lighting tech.