Real Estate Wire: 432 Park Officially Tops Out Next Week; Don’t Blame Foreigners for Rising Prices
- The Vinloly-designed tower at 432 Park Avenue will officially top out next week. The buidling is the tallest residential tower in the Western Hemisphere, and the second tallest tower in NYC. [Crain’s]
- BIG’s pyramid at 625 West 57th Street will also top out in the coming weeks. [NYDN]
- Foreign investors aren’t driving real estate prices up, according to CommonWealth REIT board chair Sam Zell. [TRD]
- DHA Capital has acquired 50 Clinton Street for $28M. The residential building will feature “smaller-sized” luxury units projected to start at $1M for one-bedrooms, $2M for two-bedrooms and $3M for one three-bedroom penthouse. [6sqft inbox]
432 Park (left); Sam Zell (right)
