
"they still draw our attention, our praise, and sometimes our scorn. Sometimes it's for their wacky design choices, like Extell's torch on Eighth Avenue, or their market failures, like the overpriced, more than half-empty condos of Brooklyn Tower. Occasionally, they become sagas in and of themselves, like 432 Park, with its crumbling façade, a swaying stack of luxury condos haunted by howling winds where billionaires get trapped in the elevators."
"Condo sales at the Downtown Brooklyn supertall - the first of its kind outside Manhattan - relaunched this June, a year after Silverstein Properties took control of Michael Stern's ambitious (perhaps overly ambitious) skyscraper. Despite a controversial design (many find it foreboding), it's not like no one wants to live there. But rentals and sales have been slow, a fact that brokers attribute to pricing:"
New York's skyline continues to evolve as developers assemble air rights to build taller supertalls aimed largely at billionaires or single corporate tenants. Many new towers are less publicly oriented, often serving as private condos or corporate headquarters, and they generate strong reactions for bold designs and occasional market failures. Some projects become high-profile sagas, exemplified by structural and amenity problems at certain luxury stacks. Downtown Brooklyn's supertall experienced slow leasing and discounted condo sales after a change in ownership, with brokers attributing underperformance to high pricing relative to neighborhood demand.
Read at Curbed
Unable to calculate read time
Collection
[
|
...
]