Friday, July 13, 2012

New condominiums being built again

From left, Arch Partners; SLCE Architects; Herzog & de Meuron; below, Fred R. Conrad/The New York Times
New residential condominium buildings are being built again in New York.  The New York Times reports that prices of the new buildings such as the Baccarat Hotel Residences, 56 Leonard and the revived One Madison Park are higher at $2000 to $4000 per square foot.  While this wave of new developments is not as large as during the pre-recession, it signifies a comeback for New York high end residential property.

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