All articles tagged with #billionaires row
The 1,100-foot supertall skyscraper at 37–47 West 57th Street in Midtown Manhattan is nearing completion of demolition, with construction expected to begin soon. The building, designed by OMA and developed by Sedesco, will feature condominiums, a hotel, and a restaurant, and includes improvements to the nearby 57th Street subway station as part of a zoning agreement.
A luxury skyscraper at 432 Park Avenue on New York's Billionaires' Row is experiencing structural issues like cracks, water leaks, and swaying, raising concerns about the building's design and construction quality, possibly linked to its all-white concrete facade chosen by top architects and developers.
Mark Wahlberg is under contract to purchase a $47 million, 29,000-square-foot luxury mansion in Delray Beach's exclusive Stone Creek Ranch, featuring extensive amenities like a saltwater lagoon pool, home theater, and private tennis court, offering privacy and luxury in a gated community.
Residents of San Francisco's upscale Billionaire's Row have mixed reactions to Donald Trump's visit for a high-priced campaign fundraiser at tech entrepreneur David Sacks' home. While some support Trump, others are frustrated by the security and traffic disruptions such events cause. The neighborhood, accustomed to political visits, will face road closures and parking restrictions during Trump's visit, echoing similar inconveniences experienced during previous visits by Joe Biden and Kamala Harris.
Owners at 432 Park Avenue, a luxury skyscraper on Manhattan's Billionaires' Row, are looking to sell their units amid ongoing legal battles over alleged construction defects and developer mismanagement. The condominium board's lawsuit claims the building has over 1,500 defects, leading to significant devaluation of the units. Developers deny the allegations, calling the lawsuit misguided. The dispute has resulted in numerous units being listed for sale at reduced prices.
The luxury tower at 432 Park Avenue on Manhattan's Billionaires' Row is facing plummeting sale prices as owners try to offload their units amid ongoing lawsuits over alleged construction defects. Complaints about noise, leaks, and other issues have led to a "toxic" litigation environment, deterring potential buyers and causing significant price reductions.
Real estate agent and TikTok content creator, Anthony Park, gave viewers a tour of his $55,000 per month luxury apartment on Billionaires' Row in New York City. Park showcased the stunning views of Central Park and Manhattan from his living room, bedroom, and bathroom. The modern and spacious apartment features high-end furnishings and large windows, offering a glimpse into the extravagant lifestyle of the area's residents.
A man in New York City died after jumping off a high-rise building and splitting his body in two upon landing on the pavement. The incident occurred at the Deutsche Bank Center, where the victim fell 750 feet and hit the Mandarin Oriental Hotel's marquee. The man, who was wearing pajamas, landed on the sidewalk in the area known as Billionaire's Row, with his body severed due to the impact. Police are investigating the incident and have not confirmed if the man lived in the building.
Apollo Commercial Real Estate Finance, the real estate investment trust arm of Apollo Global Management, has written off a junior mezzanine B loan at 111 West 57th Street in Midtown West, resulting in an $82 million hit for the REIT. The write-off is attributed to slower-than-expected unit sales at the luxury tower, which is the second-tallest residential building in the Western Hemisphere. The developers, JDS Development Group and Property Markets Group, have not commented on the situation. The luxury market in Manhattan has been facing challenges, with sales down nearly 40% year-over-year in the second quarter.