The Real Deal New York

From the April issue: Developer Trevor Davis would rather buy a two-carat blue-white diamond than a 10-carat yellow diamond. He used the diamond analogy to describe his latest project, 1055 Park Avenue, and the comparison seems apt today, as the diamond market, much like the real estate market, has fallen precipitously after a seemingly unstoppable rise over the past several years. With a small, rare gem, he added, “The value is always there.” The same goes, Davis said, for his 12-story glass condominium on the corner of Park Avenue and East 87th Street, by far the smallest in his 30 years of developing apartment buildings on the Upper East Side.