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> If you look at what people are living in on the Upper East Side, in these new towers, [it’s] 3,500 square feet for a family of two, a parking spot in the gara
by johan_larson 10y ago
> If you look at what people are living in on the Upper East Side, in these new towers, [it’s] 3,500 square feet for a family of two, a parking spot in the garage or next to your unit
What the heck is he talking about? At least here in Toronto, high-rise units tend to be small, often very small compared to suburban houses. And it's hard to find condos with three or four bedrooms. They tend to have two at most.
3500 square feet? That's the penthouse, man. It's for the guy in the silk ascot and velvet robe who invites his friends (who are of an age with his daughter or granddaughter) over for a pool party.
- snrplfth 10y agoGetting development permission in New York City is extremely difficult and expensive, much more so than in Toronto. Also the level of demand is much higher. This tends to drive developers to serve the upper end of the market moreso than the middle. As a result, new Manhattan residential towers really do have a remarkable amount of big luxury units. (Richard Florida would probably know, he owns a house in Rosedale. He travels in these circles.)