New York real estate stories in 2019


There were highs and lows for New York real estate this year. Sales records were broken, but the overall market hit the brakes, even as mortgage rates stayed low. Design took center stage in many new developments, and Hudson Yards opened to great fanfare.



The New York Times takes a look back at the 2019 real estate highlights in the nation's biggest city. The roundup features a number of property stories that were also published (and some hotly debated) on Archinect, including the recently opened, Robert A.M. Stern-designed 220 Central Park South with its record-setting $238 million penthouse sale in January, rapid-fire completions and topping-outs this year at the Hudson Yards development (did someone say Vessel?), and the steadily slowing condo sales despite record-breaking residential construction in New York City.

If the astronomical NYC property price tags leave you dizzy and unbalanced, revisit the pre-Christmas announcement of Mayor de Blasio pledging to end 'street homelessness as we know it' within five years.

Alexander Walter via Archinect - News http://bit.ly/2ZBU2d4

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