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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 New York Times
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... View full entry
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. — The Guardian
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.
— the New York Times
More on the architecture of the mega-rich:Having bazillions of dollars helpsIt's official: $250M mega penthouse in Stern-designed 220 Central Park South tower is now NYC's priciest address$500,000,000 spec house under construction in LA View full entry