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New York developer debuts two luxury rental towers in Manhattan

Leasing begins as market asking rent has reached record high
MAG Partners has begun leasing two Manhattan rental properties, including the 188-unit Mabel in Chelsea, depicted in a rendering. (DBOX)
MAG Partners has begun leasing two Manhattan rental properties, including the 188-unit Mabel in Chelsea, depicted in a rendering. (DBOX)
CoStar News
June 12, 2025 | 10:55 P.M.

MAG Partners, founded by longtime real estate executive MaryAnne Gilmartin during the pandemic, has begun leasing its second and third residential rental towers in New York as the city’s market asking rent has reached another record high.

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