‘Paper architects’ find reality in design-friendly city

From the January issue: For the past decade, design magazines have praised New York City’s architectural revival while business papers followed the ups-and-ups of Gotham’s hot property market. Both phenomena are linked. Unlike other cities, where bold design is often sponsored by local governments, New York City’s development boom has been helped by private builders with artistic tastes. Like more policing and better schools, creative design has become an important force for rising property values. So for this month’s supplement, we peek behind the curtain wall and ask: When architecture meets real estate, what happens?