"I love the show, I'm proud of it," Frankel told PEOPLE at the National Magazine Awards on Monday. "It's been a very emotional, intense season. But we're starting filming in July for season 3, and I need the hiatus."
She recouped with husband Jason Hoppy at the Viceroy Anguilla for two weeks after filming, she said, and since then has been trying to slow down. "I have really checked out of my own life a lot," the reality star, 40, said. "I'm laying low. I really hit the wall going 90 miles an hour."
Frankel celebrated her daughter Bryn Casey's first birthday a day early at Dylan's Candy Bar in New York Saturday with "a big celebration." Then she had a relaxing Mother's Day, which was exactly what she wanted.
Despite rumors that they might be moving to L.A,, Frankel says her family is staying put for now. "It's an ongoing conversation but I have a business opportunity that will keep me in New York, so I don't think that I can move to L.A."
She and Hoppy plan on spending a relaxing summer in New York exploring their neighborhood.
"We've only lived downtown for a year, so we keep finding new pockets," she said. "Jason and I like to walk around, find new restaurants, sit outside, have sangria or SkinnyGirl margaritas. We just like to venture out. New York is such an amazing place so we like to find new little outdoor cafes to hang out."