After seven years of stalemate, two developers have reached an agreement that will allow them to build ultraluxury towers on the northern edge of Midtown. The area is becoming the modern equivalent to what the robber barons built a century ago.
With dollar signs in their eyes, Gary Barnett and Steven Roth reached an agreement this week that will allow each other to move ahead with two "superluxury" towers along 57th Street. Combined with five other luxury high-rises in the area, the buildings will help transform a "once dowdy stretch" into "Billionaires’ Row," reports Charles V. Bagli. "Taken together, the seven high-rise buildings promise to remake the skyline and to redefine what it means to be rich in a city that is a cradle of capitalism and not so long ago was an emblem of urban poverty."
"But with the surge in construction of apartments at prices only a billionaire could afford, is there a fear of saturation?" he asks. “'Price really has no relevance,' said Nancy Packes, a real estate consultant and marketing executive. 'High net worth individuals look at real estate today not as a place to live, but as an investment.'"
FULL STORY: Developers End Fight Blocking 2 More Luxury Towers in Midtown
Billionaires Row Residents Sue to Block Homeless Shelter
The denizens of the luxury apartments near Central Park oppose the "expense" of a new homeless shelter.
Billionaire Row's Newest Residents: Lawsuits and Foreclosures
The world's skinniest skyscraper, under construction on Manhattan "Billionaire's Row," is over budget with 60 stories left to build.
New York City's Skyline Evolves With Tall, Skinny Towers
For better or for worse, the tall, skinny towers that have helped to remake New York’s iconic skyline appear to be growing in popularity among developers.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
USDOT Revokes Approval for NYC Congestion Pricing
Despite the administration’s stated concern for the “working class,” 85 percent of Manhattan commuters use public transit to enter the city.
Tiny House Villages for Addressing Homelessness: An Interview with Yetimoni Kpeebi
One researcher's perspective on the potential of tiny homes and owner-built housing as one tool to fight the housing crisis.
Preserving Altadena’s Trees: A Community Effort to Save a Fire-Damaged Landscape
In the wake of the Eaton Fire, Altadena Green is working to preserve fire-damaged but recoverable trees, advocating for better assessment processes, educating homeowners, and protecting the community’s urban canopy from unnecessary removal.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Investigation Reveals Just How Badly California’s Homeless Shelters are Failing
Fraud, violence, death, and chaos follow a billion dollar investment in a temporary solution that is proving ineffective.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research