A New York City condominium tower will be the world's tallest predominantly residential building when it opens next year, though it will be competing with other ultra-luxury buildings for billionaire buyers, the building's developer said Tuesday.
Extell Development Co. President Gary Barnett said the $3 billion, 1,550-foot Central Park Tower is entering an "oversupplied" market.
"We have to price it at a reasonable range for this type of product," he said. "And we have to be flexible when we're selling the really large units."
Extell Development Co. President Gary Barnett said the $3 billion, 1,550-foot Central Park Tower is entering an "oversupplied" market.
"We have to price it at a reasonable range for this type of product," he said. "And we have to be flexible when we're selling the really large units."
illy: