1055 Park: Polishing tiny gems
April 29, 2009 10:30AM By Steve Cutler
Units at 1055 Park Avenue start at $15 million.
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.
more
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
so is this building!
Comment #1 Posted By: Anonymous 04/29/09