![]() ![]() “They’re still billing it as God’s gift to the world, and it’s not. A recent article by Stephanos Chen in the New York Times, The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks, describes the engineering problems that arise in such buildings. “I was convinced it would be the best building in New York,” said Sarina Abramovich, one of the earliest residents of 432 Park. Now, correspondence between residents, some of the richest and most influential people in the world, reveal thorny arguments over how to remedy the problems without tanking property values. Jennifer Lopez and Alex Rodriguez bought a 4,000-square-foot apartment there for $15.3 million in 2018, and sold about a year later. The 96th floor penthouse at the top of the building sold in 2016 for nearly $88 million to a company representing Saudi retail magnate Fawaz Alhokair. The 96th floor penthouse at the top of the building sold in 2016 for nearly 88 million to a company representing Saudi retail magnate Fawaz Alhokair. The building, a slender tower that critics have likened to a middle finger because of its contentious height, is mostly sold out, with a projected value of $3.1 billion. "The disputes at 432 Park also highlight a rarely seen view of New York’s so-called Billionaire’s Row, a stretch of supertall towers near Central Park that redefined the city skyline, and where the identities of virtually all the buyers were concealed by shell companies. A supertall skyscraper is at least 300 meters. ![]()
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