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An update to one of the most significant projects in a spate of recent high-profile Canadian luxury residential developments as Heatherwick Studio has unveiled its upgraded designs for the 1700 Alberni towers complex. The revised proposal follows community feedback taken from Vancouver’s Shape... View full entry
The supertall Central Park Tower, the latest addition by Extell Development to Midtown Manhattan’s Billionaires’ Row, had more recorded sales in October, including two full-floor aeries. But both of them, like other recent transactions in the new building, closed well below their asking price. — The New York Times
Of all the recent sales at Central Park Tower, just one was made around the asking price. At the Adrian Smith + Gordon Gill-designed luxury skyscraper, which boasts the highest roof in the Western Hemisphere, The New York Times reports three recent apartment sales well below their listed prices... View full entry
Sales are underway for units in the new SO – IL-designed 450 Warren in Brooklyn following a detailed construction period that topped out last fall. Touting a “new way of living,” the 18 unit private residential development transforms the city into nature. Gowanus’ first-of-its-kind... View full entry
Construction is now fully complete on Skyline Tower, the tallest skyscraper in Long Island City and all of Queens. Addressed as 23-15 44th Drive, the 68-story, 778-foot-tall edifice is designed by Hill West Architects and developed by United Construction & Development Group, FSA Capital, and Risland US Holdings LLC. Yielding 802 residences designed by Whitehall Interiors and marketed by Modern Spaces, residences range in price from $500,000 to $4 million. — New York Yimby
Each of the units feature panoramic, 360-degree views of Manhattan and the surrounding skyline. The Hill West Architects-designed building is a sleek, monolithic structure defined by its fully-glass façade. Its base and crown are composed of metal fins that enclose the parking space and roof... View full entry
The Miami-based architecture, interior design, and planning firm Oppenheim Architecture shared images of their latest luxury mixed-use project, the Jewel. In February 2020, we connected with firm founder Chad Oppenheim for a Studio Snapshot interview. During the interview... View full entry
A 39-story residential tower designed by Morris Adjmi Architects is nearing the end of construction in New York City, where work on the city's rising crop of luxury residential towers continues unabated. The 92,000-square-foot project is wrapped in an expressive gridded structural system that... View full entry
Renzo Piano Building Workshop recently celebrated the completion of Eighty Seven Park, the firm's first residential building in Miami. Designed for developers Terra and Bizzi & Partners Development, the 200-foot-tall condo tower made headlines in 2018 when the 18th-floor, six-bedroom... View full entry
One Thousand Museum, first-and-only residential tower designed by the late Zaha Hadid in the Western Hemisphere, makes its debut in Miami's Museum Park this week. The residential tower stands prominently alongside neighboring condo towers and other notable Miami structures like the... View full entry
Manhattan is glutted with even more luxury condos than most apartment-shoppers realize. [...]
The secret supply is a heavy weight on a market in which sales, especially of higher-end properties, have slowed to a crawl. It would take take 74 months -- more than 6 years -- to clear all of Manhattan’s unsold units at the pace of contracts in 2019, the report shows.
— Bloomberg
Bloomberg on how a vast "shadow inventory" of nearly 6,000 recently completed units puts added stress on Manhattan's slowing real estate market, especially in the higher-end segment. Related: Condo-boom hangover: More than a quarter of NYC's new units remain unsold View full entry
A few weeks after Renzo Piano completed the high-end 565 Broome SoHo, more photos of the Italian architect's first residential project in New York City have been revealed. The luxury condominium building was developed by real estate firms Bizzi & Partners Development, Aronov Development, and... View full entry
Among the more than 16,200 condo units across 682 new buildings completed in New York City since 2013, one in four remain unsold, or roughly 4,100 apartments — most of them in luxury buildings, according to a new analysis by the listing website StreetEasy. [...]
Already the prices at several new towers have been reduced, either directly or through concessions like waived common charges and transfer taxes, and some may soon be forced to cut deeper.
— The New York Times
Despite record-breaking residential construction in New York City, sales of apartments have slowed steadily in recent years. NYT real estate reporter Stefanos Chen has analyzed the latest numbers of unsold units, especially in the higher price ranges, following a glut of inventory in newly... View full entry
The Central Park Tower, Adrain Smith + Gordon Gill's 1,550-foot supertall tower in New York City, has topped out. The 131-floor, 179-unit complex, created for developer Extell, now reigns as the tallest residential building in the world, New York Yimby reports. Wrapped in rippled... View full entry
One Thousand Museum Residences, the Zaha Hadid-designed skyscraper in downtown Miami, received its temporary certificate of occupancy and will begin closings as early as next week [...]
Developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, along with the late Zaha Hadid, broke ground on the 62-story, 84-unit luxury condo tower at 1000 Biscayne Boulevard in December 2014.
— The Real Deal
The 216 m/709 ft tower with its recognizable external structure in Miami's Museum Park was the first and final residential project in the United States designed by the late Zaha Hadid. Vertical construction began in 2015. Interior shot of a finished residence. Photo: Robin Hill, courtesy One... View full entry
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
The high-end condo building at 520 W. 28th St. along the High Line that the company completed roughly two years ago appears so far to be a rare bust.
According to property records, only 16 of the building's 39 units have sold, a roughly 40% sell through that shrinks to an even smaller percentage when measured by square footage. That's because the building's largest and most expensive apartments, including its three penthouse units, all remain unsold.
— Crain's New York Business
How 'bout this one? Nothing? Photo: Hufton+Crow. View full entry
