One57 (NY skyscraper) condos offering bargain prices: $6000 per square foot.

[woo me with science]

...

A sales office is supposed to officially open at the end of October, but foreign buyers, primarily from China, have already grabbed some of the units since the developer began shopping them privately last month.

A source who wished to remain anonymous said, “these are bargain prices!” The $6,000 per square foot price tag reportedly represents a presale discount. Small units in One57 (one bedrooms that are about 1,000 square feet) located on the lowest floors start at about $3,4000 (? sic) per square foot....Pricier units include two enormous penthouses that went on the market in August, priced at a whopping $98.5 million each. One penthouse, located on the 90th floor, is 10,923 square feet while the other penthouse, located on the 75th floor, is 12554 square feet.

Christian de Portzamparc, the Pritzker Prize-winning architect, designed One57 and a Park Hyatt hotel will be located on the first 30 floors in addition to 95 luxury condos on the upper 60 floors. Industry professionals have already pegged One57 as a destination for foreign buyers who are looking to purchase luxury residences in New York City. Similar buildings including 75 Wall Street in the Financial District and the Trump Soho Hotel Condominium at 246 Spring Street – both of which also have hotels in their lower levels.

Patricia Cliff, the Corcoran Group’s director of international sales, said One57 is a competitor of the Time Warner Center, which houses the Mandarin Oriental Hotel. Cliff said, “There hasn’t been much in the way of top, luxury, prime location development in the last few years because of the shortage of money,” adding that the prestige of owning in the newest luxury building is a selling point for overseas buyers. Foreign buyers are expected to be impressed with the address, the location and the view of Central Park.

[madrchsod]

1. the pritzker family of chicago....

penny pritzker was obama`s national financial chair person in 2008 and co chair of the 2009 inaugural.

http://www.whitehouse.gov/administration/advisory-boards/jobs-council/members/pritzker


ever wonder why card check was a non issue?

some of the pritzker management`s handy work

http://michaelklonsky.blogspot.com/2011/07/penny-pritzker-turns-heat-lamps-on.html


once again money talks and we are in the street

[woo me with science]

2. I had no idea.

From your second link:

"Heiress Penny Sue" Pritzker chairs Obama's national campaign finance committee. She is also big player in Democratic Party politics as well as in the world of anti-union, corporate school reform and was recently appointed by Mayor Rahm Emanuel to a seat on the Chicago school board.

Pritzker's response to the Park Hyatt strikers was to turn on the hotel's powerful heating lamps to try and bake the workers into submission on this brutally hot day. But this seemingly inhuman and probably illegal response seemed to have had just the opposite effect. Picketers began chanting, "Hyatt can't take the heat, but we can!" The lamps were left on until word got out and media began to show up.

Sheesh. It seems like every time you turn over a rock these days, there is something ugly underneath.

Thank you.