With construction underway citywide, and particularly in neighborhoods like Downtown and the 57th Street corridor, 2015 is poised to see double the amount of new development launches, compared with 2014.
There are 6,287 condos set to launch in 2015, compared with 3,112 in 2014, according to data obtained from Corcoran Sunshine.
The average sale price in Manhattan for all kinds of residential properties jumped 18 percent from last year during the third quarter, to $1.68 million. During the third quarter, ...

The southernmost leg of Sixth Avenue has been more of a place to pass through than to visit since the 1920s, when the city blasted subway lines through parts of MacDougal and Sullivan streets, then covered the tracks with a new roadway.
And developers may have been dissuaded from doing anything about that. The massive infrastructure project left the road, formally known as the Avenue of the Americas, lined with castaway lots whose odd shapes discouraged construction.
But as Soho’s ...

For decades, Bal Harbour was the only shopping destination in the Miami area for customers seeking a wide assortment of luxury goods. But times are a changing and with that, Miami Design District – once a sleepy swath of furniture stores – is fast becoming a new destination of luxury shops.
Louis Vuitton’s flagship store is one of about 20 top-drawer brands set to open in the district this month. Nearby will be Valentino, Van Cleef & Arpels, Bulgari and ...

A new batch of efficiency units can be found in luxury buildings, as developers seek ways to add value for high-end buyers while keeping a lid on their owns costs.
Unlike the sprawling trophy apartments that have hit the market in the past few years, tighter-cut units at buildings like 15 Leonard Street, the Charles at 1355 First Avenue, the Rudin family’s Greenwich Lane and others offer more value per square foot for buyers, brokers said.
At 15 Leonard Street, ...