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New York

Boom-time megaprojects: Where are they now?

A status update on 10 major condo projects that hit the market just before the financial crisis

From left: the Sheffield, the W Downtown and 99 John Deco Lofts
From left: the Sheffield, the W Downtown and 99 John Deco Lofts

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From the April issue: A number of New York City developers put massive new condo projects on the market in the summer of 2008, expecting the high prices and speedy sales that had become the norm. But they were in for a nasty surprise. With the collapse of Lehman Brothers, the real estate boom ended in the blink of an eye. [more]

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