High Rise and Condo Construction Back on the Rise in New York City
SPRING has sprung in New York, (well, sort of…)and so have condo developments. The housing slump appears to be over and developments are sprouting up everywhere!
My favorite – The Rafael Vinoly-designed 432 Park Avenue. Prices range from $7 million to $95 million. It is said that one third of the residential building is already under contract. The massive tower should be finished in 2015. And it will be the tallest residential building in North America.
It will contain a total of 126 apartments asking a combined $2.7 billion, which is, the Journal notes, the highest total asking price ever for a condominium building in Manhattan. That breaks down to $6,742/square foot.
There are actually 23 new developments in New York hitting the market right now!
Check the rest out at CURBED NY.
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