From the November issue: In the wake of the economic crisis, a citywide inventory drought has sent demand for luxury apartments sky-rocketing across the city. And nowhere, brokers say, is that more true than on the moneyed Upper East Side.However, New York’s most prestigious zip codes are about to see that inventory-crunch change.
Developers are currently putting the finishing touches on a number of highly anticipated new residential towers, and readying their shovels for construction on others. [more]