It’s nothing new that Chinese buyers are flooding the apartment market in New York and the rest of the country. Yet a pretty definitive article on the subject in The Journal reveals some interesting facts about the lengths some developers will go to to reach the Chinese market, including one project of particular interest to us: Gary Barnett’s One57. Read More
Earlier this week, The Observer looked at the measures developers and brokers are taking to entice that newest hot buyer, the Chinese. They might want to consider adding keggerators and tutoring services. Of the increasing number of Chinese buyers, an increasing number are buying for their college-bound kids, according to DNAinfo. Read More
Most of the sights and sounds at this morning’s event in Long Island City were pretty standard fare for a groundbreaking: guys in shirts and ties, wearing hard hats and holding novelty shovels, a massive back hoe parked in the back of a lot prepped for excavation.
A less ordinary sight however, was the young woman in a dark skirtsuit pacing the edges of the earthen lot, chanting quietly and gently tossing grains of vodka-soaked rice while development executives looked on appreciatively.
As bizarre as the sight may sound, it is almost surely a sign of things to come on the home front. Read More
