Quote:
Originally Posted by Steely Dan
but why are you so sure that they're going to compete for the exact same buyers? the spire stands alone as one of the singular achievements in the history of our species, it will succeed or fail on its own, there will be no other projects that possess anywhere near the same level of magic to torpedo it, this waldorf-astoria tower included.
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How will they not compete for the same buyers? They're two very tall building with modern architecture, three blocks apart from each other, both aiming for luxury price points. Sure the prices in the Spire are a bit higher, and the architecture more unique and with better pedigree, but they're close enough. Most buyers aren't as awed by Calatrava as we are (or even know who he is), and with the Waldorf=Astoria brand attached this building will have its own cache. Fact is, if someone can buy an 80th floor unit in this building for less than a 40th floor unit in the Spire, of the same size, many buyers will opt for this building. They're not the exact same buyers, but there is significant overlap - basically, anyone who isn't buying a unit above the 100th floor and doesn't know who Calatrava is (read: at least 50% of potential Spire buyers) is going to compare the two based on price relative to how big and how high the unit in question is.
I'm sure several people here will nod approvingly at your post, but I disagree completely.