http://blog.luxuryproperty.com/luxury-condo-development-in-new-york-fails/ global luxury real estate and luxurious developments around the world - the international luxury property source for buyers, sellers, investors, and professionals Mon, 06 Feb 2012 13:33:58 +0000 hourly 1 http://blog.luxuryproperty.com/luxury-condo-development-in-new-york-fails/comment-page-1/#comment-82402 Mark Knowles Thu, 25 Jun 2009 07:44:38 +0000 http://blog.luxuryproperty.com/?p=3357#comment-82402 We are badly over-built just about everywhere. I see an awful lot of part-finished projects around the world, but some of them were too far advanced to afford to stop part way through. A buyers market though. :) We are badly over-built just about everywhere. I see an awful lot of part-finished projects around the world, but some of them were too far advanced to afford to stop part way through. A buyers market though.

]]> http://blog.luxuryproperty.com/luxury-condo-development-in-new-york-fails/comment-page-1/#comment-82375 Rob Jenson Thu, 25 Jun 2009 06:40:43 +0000 http://blog.luxuryproperty.com/?p=3357#comment-82375 The same can be said for Las Vegas. When the boom kicked in the highrise projects took off like wildfire. They coined the term the "Manhattanization" of Las Vegas, which never really made sense to me. I understand Manhattan's skyline, but even in the amenity clad highrise buildings, one would still need to get in their car and drive to do just about anything you needed to do, unlike NY. Now we have several projects hurting on sales, Cosmopolitan, Turnberry Towers & Fontainbleu in foreclosure. The Palms Place is offering owner financing. Plus the behemoth of them all, the City Center is still coming. eek! The same can be said for Las Vegas. When the boom kicked in the highrise projects took off like wildfire. They coined the term the “Manhattanization” of Las Vegas, which never really made sense to me. I understand Manhattan’s skyline, but even in the amenity clad highrise buildings, one would still need to get in their car and drive to do just about anything you needed to do, unlike NY. Now we have several projects hurting on sales, Cosmopolitan, Turnberry Towers & Fontainbleu in foreclosure. The Palms Place is offering owner financing. Plus the behemoth of them all, the City Center is still coming. eek!

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