DILEMMAS OF THE 1 PERCENT

In July, New York City approved construction of a 33-story condominium/apartment tower housing both luxury units (219, facing the Hudson River) and “affordable” units (55, facing the street) — with separate entrances so the beautiful people could avoid the more downscale. The developer, Extell, said it deserves credit for carving out the “affordable” units because the luxury units are more profitable.

About FOLIO

X
X