The Limited Times

Now you can see non-English news...

In New York, the transformation of offices into housing

2021-11-23T18:46:27.450Z


The cheeky health of residential real estate on Manhattan Island is whetting developers' appetites. On the 25th floor of the One Wall Street tower, workers are busy, amid the rubble and bare electrical wires. In a few weeks, this 52-storey skyscraper will host nearly 500 ultra-high-end apartments - the cheapest studios are priced at 1 million euros -, with services to match: overhanging swimming pool of the city, restaurant, sports halls ... See also Real estate: regions continue to push prices


On the 25th floor of the One Wall Street tower, workers are busy, amid the rubble and bare electrical wires.

In a few weeks, this 52-storey skyscraper will host nearly 500 ultra-high-end apartments - the cheapest studios are priced at 1 million euros -, with services to match: overhanging swimming pool of the city, restaurant, sports halls ...

See also

Real estate: regions continue to push prices up

The construction site is titanic for this 1930s building, which in its time hosted the Irving Trust Company.

And sales are already reaching stratospheric levels

“A Google employee came to see a $ 3 million apartment.

He finally signed for a 4 pieces at 13 million, ”

enthuses Kirk Rundhaug, real estate agent at Compass Real Estate.

Wall Street has 35% residents

In New York as in Paris, the office has not been successful since the pandemic.

On the other hand, the housing market is experiencing insolent health.

Prices are already back to their 2019 level, and Manhattan transactions are picking up steam

This article is for subscribers only.

You have 74% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-11-23

You may like

News/Politics 2024-02-21T13:44:59.482Z
Business 2024-04-15T03:22:28.641Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.