![]() ![]() Its name was coined by artists who occupied the downtown area. I recently toured a $58.5 million condo on Billionaires' Row, and my impression was that those who'd pay that price for such a home are paying mostly for the views and the prestige of being able to say they own a home on New York City's Billionaires' Row - even if they barely actually live there. Tribeca is one of New York City’s oldest neighborhoods, but also contains some of the city’s newest and tallest buildings. Designed by SOMA Architects with Ismael Leyva Architects as the executive and residential architect and developed by Sharif el-Gamal of Soho Properties, the 667-foot-tall tower has been stalled since sometime in late 2019. And as two full-time real-estate investors recently told me, the "traffic, noise, hassle, and retail" don't make it an area where most New Yorkers want to live. Second on YIMBY’s Turkey Week tour of stalled projects is 45 Park Place, a 43-story residential skyscraper in Tribeca. Today, it can be found in the heart of lower Manhattan at 33 Thomas Street, a vast gray tower of concrete and granite that. Billionaires' Row's Midtown Manhattan location is a bustling business, tourism, and retail district. Construction began in 1969, and by 1974, the skyscraper was completed. New York, NY Subtle sophistication abounds in Lower Manhattan Urban Upscale Luxurious Vibrant Artistic Walkable Hip Zoned in the shape of a trapezoid, Tribeca means Triangle Below Canal Street, and is known for its industrial warehouses that have been renovated as sophisticated lofts (and happen to be popular with many celebrities). The Billionaires' Row towers also currently have a glut of high-end inventory, with more than 40% of condos unsold, Curbed New York recently reported.Īnd then there's the neighborhood to consider. And Griffin is based in Chicago and has made extravagant real-estate purchases in London and Miami in addition to New York. Dell, for example, lives primarily in Austin, Texas. The area's wealthy buyers may rarely even set foot in their pricey apartments there. Account icon An icon in the shape of a person's head and shoulders. ![]()
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