Archinect - News

Hudson Yards and Stern-designed towers dominate NYC's ultraluxury real estate sales

2019-06-11T14:03:00-04:00

Manhattan’s latest crop of new luxury developments continues to attract a steady stream of buyers. At the ultra-pricey 220 Central Park South in Midtown, the grand limestone skyscraper designed by Robert A.M. Stern Architects, four more units officially sold, including New York City’s most expensive closing in May: a three-bedroom aerie for nearly $26.5 million.

The NYT's Vivian Marino provides an update on the biggest recent luxury real estate transactions in New York City with notably pricey purchases at Robert A.M. Stern's 220 Central Park South and 250 West 81st Street towers and also at the newly opened Hudson Yards mammoth development.

"Philip I. Kent, the former chief executive of Turner Broadcasting System, was one of the many buyers at 15 Hudson Yards, the megaproject’s first residential tower. (Oh, and the architect who helped design that building also bought an apartment — in Greenpoint, Brooklyn.)," writes Marino.

An influx of new tech millionaires further balloons Silicon Valley's housing crisis

2019-03-29T15:50:00-04:00

As the tech companies Uber, Airbnb, Lyft and Pinterest prepare to go public, thousands more instant millionaires are expected to flood the market in San Francisco and Silicon Valley. All the while, the middle class and working poor are scrambling for shelter.

A new NIMBY-ism in America's foremost mansion district

2016-12-05T16:46:00-05:00

This windswept outcropping, peering over the Atlantic, was a Gilded Age haven where the wealthy built mansions known by their names, not addresses: The Elms, Marble House and, most famous of all, The Breakers... Newport has cared deeply about appearances ever since. So when large steel beams rose high in the air between the city’s most storied thoroughfares, framing a mansion that will have an unusual, many-sided shape and a flat roof, neighborhood residents and observers were aghast.

More on the architecture of the mega-rich: