New York City’s Cosmopolitan NoMad Neighborhood

Castellan Real Estate Partners is a real estate investment firm that focuses on retail and residential properties in major cities. Under the guidance of founders John Salib and Paul Salib, Castellan Real Estate Partners’ newest project is a 24-story residential tower in the fashionable New York City neighborhood of NoMad, which is named for being north of Madison Park.

The building’s indoor and outdoor areas, including its roof garden, are sure to be popular with technology and media entrepreneurs in their late twenties. Slated for completion in late 2021, it will provide 3,800 square feet of shops out of a total 42,100 square feet.

NoMad sits between Park Avenue and Sixth Avenue (east-west) and between 31st and 23rd Street (north-south), and the area features historic brownstones near the residences of presidents Franklin D. Roosevelt and Grover Cleveland. The neighborhood is also in the vicinity of the prestigious Fifth Avenue Hotel, which held the city’s first passenger elevators in 1859. It is also near the city’s first movie theatre on Broadway that was run by Thomas Edison 1894 and the 69th Regiment Armoury on Lexington Avenue where the first “modern” art show was held in 1913.