After seven years of stalemate, two developers have reached an agreement that will allow them to build ultraluxury towers on the northern edge of Midtown. The area is becoming the modern equivalent to what the robber barons built a century ago.
With dollar signs in their eyes, Gary Barnett and Steven Roth reached an agreement this week that will allow each other to move ahead with two "superluxury" towers along 57th Street. Combined with five other luxury high-rises in the area, the buildings will help transform a "once dowdy stretch" into "Billionaires’ Row," reports Charles V. Bagli. "Taken together, the seven high-rise buildings promise to remake the skyline and to redefine what it means to be rich in a city that is a cradle of capitalism and not so long ago was an emblem of urban poverty."
"But with the surge in construction of apartments at prices only a billionaire could afford, is there a fear of saturation?" he asks. “'Price really has no relevance,' said Nancy Packes, a real estate consultant and marketing executive. 'High net worth individuals look at real estate today not as a place to live, but as an investment.'"
FULL STORY: Developers End Fight Blocking 2 More Luxury Towers in Midtown

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Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

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Creativity has long been key to great urban design. What if we see AI as our new creative partner?

King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.

Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.

Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
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