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Originally Posted by Cynicism
Which sites are you referring too? The Times Square site at 46th Street is listed at 500 Meters here? "Hudson Spire" 1800'+ ft? Let's not kid ourselves, an office building will never reach those heights.
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Not true. There are office buildings right now that actually surpass those heights. In NYC there's an office tower going up right now that is not much lower (One Vanderbilt).
And no one claimed that only office buildings were being built. Most supertalls aren't office buildings.
Quote:
Originally Posted by Cynicism
The market for high-end properties is also cooling down.
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Would that be why last month had the largest volume of high-priced residential sales in NYC history? The market will eventually cool down, of course, but I doubt that would mean much for the wealthiest buyers.
Quote:
Originally Posted by Cynicism
I can't see another tower of this size going up within the next decade or so.
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Yet supertalls are being announced practically by the week.
On what basis do you predict that the market will magically enter some great depression, with nothing built for a decade?