I have to laugh at the comments left by JoJe, ChrisNYC1213 and Momjo.
JoJe, there is nothing about those buildings that would even suggest luxury high-rise. While they may be 20 stories plus and expensive [to rent], the buildings are complete and utter crap [for christ's sake they have retail on the ground floor. How many times have you seen that on Park?]. The only people who live there now will soon be leaving because their low level jobs at Goldman's are gone [or soon to be] or their Euros aren't worth what they were a year ago. So much for Crappy [ Gracious?] Home's prospects.
Momjo, see above. From what I've seen most of the "luxury" one bedroom rentals are shared by two or more recent college grads just starting their brilliant careers in finance, rely on parent's financial guarantees to be accepted and have huge debt loads from school. How much disposable income do you think will be allocated to that "lovely polyester fur-like throw which co-ordinates so well with that oversize loveseat/ottoman combo" once the MTA raises the fare to three bucks and "Muffy" realizes thet price of organic millet just went up at Whole Foods and a Cosmo [Carrie and I have so much in common

!] is $15.00, not to mention Amex's lovely little monthly letters that basically say in the nicest of terms "Bitches, We want our money" . So long Manolo's, hello mommy's basement.
ChrisNYC1213, as the boyfriend of an architect who works on real luxury residential projects in Manhattan, I can assure you that the wealthy are not "burning their money" on hardware [or anything else] at Gracious Home. The really rich don't buy their own hardware, they order it through the architect or decorator at Nanz or Guerin or Dornbracht.
I don't want to come across as bitchy, but what I'm really trying to say is don't belive the hype. Chelsea was never the upper east side [thank god] and no matter how much smoke, brokers/merchants or restauranteurs try to blow up your ***, it never will be. They're trying to sell you what isn't necessary [and for that matter not even very good].