A tale of two markets: developers building either super-sized apartments or tiny pieds-à-terre

The AbingdonFrom the May issue: In a still-difficult economy, developers are increasingly tailoring buildings to suit the needs of serious buyers. That means targeting two very active groups of purchasers at opposite ends of the spectrum: out-of-town buyers looking for small pieds-à-terre and families raising children in the city.

Empty-nesters, pied-à-terre purchasers or just people looking to avoid a jumbo mortgage often want small but comfortable apartments in full-service buildings, and many new developments are now aimed at this demographic. [more]