Yeah, fall is always a great time.



lensepix

https://c2.staticflickr.com/2/1949/4...53cac77a_h.jpg



https://c2.staticflickr.com/2/1949/4...c7c12500_k.jpg




https://www.instagram.com/p/Bpg20N7HfCv/

https://scontent-lht6-1.cdninstagram...MDgxNQ%3D%3D.2

Another fall special...


https://www.instagram.com/p/Bp7ZqUWFMCZ/

https://scontent-lhr3-1.cdninstagram...Mjc5Mw%3D%3D.2



https://www.instagram.com/p/BqBXEAGnGjr/

https://scontent-lhr3-1.cdninstagram...NzA2Nw%3D%3D.2

https://www.instagram.com/p/BqDYWDzgpnh/

https://scontent-lhr3-1.cdninstagram...OTUyMQ%3D%3D.2

These new towers in NYC, starting with the Drake, are incredibly tall relative to their footprints. Did something change in engineering abilities or NYC building codes that caused these to recently pop up?

It's recently become cheaper and more feasible to build tall, skinny towers. Still extremely expensive, but the costs/engineering make more sense now. These aren't statement buildings (like you see in Dubai or China, or even historically in the U.S. with ESB, Sears, etc.), they're actually very practical given market conditions.

Also, the demand side has reached a point where residents or companies are willing to incur the enormous costs of supertall construction. Once people are paying $6,000 a foot++ for housing, yeah, you can go very tall.

.........I'm just curious, are there any estimates for what percent of these super tall towers will actually be occupied year round (or most of the year) ?

That will obviously vary for towers on Billionaire's row. But towers like 45 Broad and 9 deKalb are basically just tall residential towers, not in the ultra-luxury class. (9 deKalb in fact will have affordable housing). So you have an ultra luxury tower like Steinway that has a very limited number of units, and a tower like 9 deKalb that has over 400 units, including rentals and the affordable housing.



https://www.instagram.com/p/BqEOAthg1ce/

https://scontent-ams3-1.cdninstagram...MjA2Mg%3D%3D.2



https://scontent-ams3-1.cdninstagram...NTYxOA%3D%3D.2



https://scontent-ams3-1.cdninstagram...NjI5Nw%3D%3D.2




https://www.instagram.com/p/BqD9VkNlzQF/

https://scontent-ams3-1.cdninstagram...OTc5Nw%3D%3D.2

^^^^^

That last shot is incredible. Look at that just chaotic mess going on. Skyscraper density is an understatement.

My question is, can central park tower domine the skyline àfter nos?

Yes, and the Hudson Yards isn't visible. Also, Chase and Vandy will add to the mix. I still don't want CPT to be the tallest on the Midtown skyline. Maybe Chase - another boxy building - would add something.

A view from my future home.

https://static1.squarespace.com/stat...g?format=2500w
Credit: FC


I wish...

https://www.instagram.com/p/BqIavDvAWgq/

https://scontent-lhr3-1.cdninstagram...NzY3NA%3D%3D.2

https://www.instagram.com/p/BqJRRaoBhFg/

https://scontent-lht6-1.cdninstagram...MzIxNg%3D%3D.2



https://www.instagram.com/p/BqJGXqpDule/

https://scontent-lht6-1.cdninstagram...NzQ3MA%3D%3D.2



https://www.instagram.com/p/BqJEGg2gpK5/

https://scontent-lht6-1.cdninstagram...NjMxMw%3D%3D.2



They say to expect a little snow on thursday, so let's enjoy these colorful shots while we can...

https://www.instagram.com/p/BqIqFM_HmCR/

https://scontent-lht6-1.cdninstagram...Mjg5Nw%3D%3D.2

^ New York is Ok I guess. :slob:

One of the nicest times of the year.



https://www.instagram.com/p/BqLl4AdAcuk/

https://scontent-lhr3-1.cdninstagram...MjUxNg%3D%3D.2



https://www.instagram.com/p/BqLtPmIjbuL/

https://scontent-lhr3-1.cdninstagram...Mzg2Nw%3D%3D.2

I've visited the sales offices of three of these beautiful new supertall buildings and the average rate of owner-occupied apartments is around 60% SO FAR.
The agents were very apprehensive in handing out such figures as they can change rapidly IF the high-end market increases significantly.
HOWEVER, during our conversation when they were more relaxed and sure I was going to purchase one of their offerings, two of the four agents I spoke to (a number of times now in the recent two months) stated some fear that not only they feel as sales agents, but the developers are currently walking on egg shells......very proud of their game changing buildings but fearful there will be a minuscule amount of people who would even THINK of spending tens of millions of dollars on these units. I predict well over 2/3 of each of the top five buildings will remain unsold for years after completion.
I believe the penthouse of Trump Tower in Chicago.....the 15,000 sq ft floor through unit is STILL on the market some seven years since it was first released to the public.
Personally, I am afraid of a SERIOUS new unit crash due to outrageously, ridiculously overpriced offerings at less than stellar finishes. All it will take are two or three buildings to plunge this segment of the market right down the toilet.

Yeah well you'd pretty much be incorrect on all assumptions there. First, the Chicago TT penthouse sold over 4 years ago. Not to mention that the Chicago luxury market is not even in the same ballpark as NYC.

Second, these buildings have been incredibly successful. Just look next door at Vornado's 220 CP where they released sales figures recently showing VERY strong sales. Not sure who you talked to, or if that's even true, but you got fed some BS. Not to mention these developers probably have a better handle-on the market than people discussing it in an online forum....

https://www.instagram.com/p/BqMyOLZgUtm/

https://scontent-lht6-1.cdninstagram...MTU5MA%3D%3D.2

Beautiful skyline! Best in the world.

I noticed that central park tower surpassing bank of america tower now