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March 21, 2012

Views From the Market Top

The Wall Street Journal
by Laura Kusisto

Bruce Ratner has yet to break ground for a single one of his promised 2,250 units of Atlantic Yards affordable housing. Meanwhile, at "Nouveau Riche by Gehry"...

In the next six to eight weeks, the three penthouses at New York by Gehry, a Manhattan rental tower twisting 76 stories into the sky, will hit the market at a price that would make most apartment-hunters blanch: $40,000 to $60,000 a month.

Haha! I think we can see the little people way down there!

Above the 52nd floor at New York by Gehry, 50% of tenants earn more than $500,000 a year and 20% earn more than $1 million, Mr. Finn said. The concierge has entertained—and fulfilled—requests for everything from hiring Cirque du Soleil performers for a private dinner party to chartering a private plane for a lobster-tasting.

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Posted by eric at March 21, 2012 10:11 AM