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There have been a number of floods in the building, including two leaks in November 2018 that the general manager of the building, Len Czarnecki, acknowledged in emails to residents. “That’s how I went up to my hoity-toity apartment before closing.” “They put me in a freight elevator surrounded by steel plates and plywood, with a hard-hat operator,” she said.
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She was disappointed with her purchase on day one, she said, when she left her home in London in early 2016 to move into what she expected to be a completed apartment, and found that both her unit and the building were still under construction. Abramovich and her husband, Mikhail, retired business owners who worked in the oil and gas business, bought a high-floor, 3,500-square-foot apartment at the tower for nearly $17 million in 2016, to have a secondary home near their adult children. The construction manager, Lendlease, said in a statement that they “have been in contact” with the developers, “regarding some comments from tenants, which we are currently evaluating.” Macklowe Properties, the other developer, declined to comment. (Developers typically control condo boards in the first few years of operation.) “Like all new construction, there were maintenance and close-out items during that period,” they said. The Weeknd Selling His L.A.CIM Group, one of the developers, said in a statement that the building “is a successfully designed, constructed and virtually sold-out project,” and that they are “working collaboratively” with the condo board, which was run by the developers until January when residents were elected and took control. In South Pasadena, a 1910 Craftsman-Style Home Is Brought Into the 21st Century įirst-Time Home Buyers Find a Tough Market-Here’s What’s Different This Year "You get more green space, more privacy." South China Morning Post AROUND NEWS CORP
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Jennifer Lopez and Alex Rodriguez bought a 4,000-square-foot (sq ft) apartment there for US15.3 million in 2018, and sold it about a year later. "It’s kind of a secret gem," said Kelly Merrick, an agent at Homesolutions Real Estate. The 96th floor penthouse at the top of the building sold in 2016 for nearly US88 million to a company representing Saudi retail magnate Fawaz Alhokair. Despite their newfound popularity, Hong Kong's island homes are still around 40% less expensive than their mainland counterparts. According to Midland Realty, houses in Hong Kong's The Islands district saw a 28.5% increase in transactions year-over-year-the fourth largest increase among Hong Kong's 18 districts. Homes on Hong Kong's outlying islands are enjoying a boost in popularity as remote-working opportunities allow buyers to facilitate lifestyle changes. Hong Kong Island Homes See Pandemic-Born Boost Still, the home sales activity in January outpaced supply, according to Colette Gerber, chair of the Real Estate Board of Greater Vancouver, which should have a knock-on, upward effect on home prices. While the 2,389 homes sold in the Vancouver region last month represent a healthy year-over-year jump, the figures are a 22.8% decrease from the region’s red-hot December sales. January home sales in the Metro Vancouver region were up 52.1% year-over-year, according to data from the Real Estate Board of Greater Vancouver. Vancouver Home Sales Up 52% Year-Over-Year While some argued for a flat-out extension, or a tapered system, or a more regionally focused approach, most suggested that at least those who were already in the process of buying a home should be granted the extension. There appeared to be broad consensus across party lines that some form of extension was necessary. Spurned on by a petition which gathered around 140,000 signatures, members of Parliament have debated a six-month extension of the stamp duty holiday-a property tax break on houses within a certain price range, which is set to expire on March 31. Government Debates Stamp Duty Holiday Extension Flooding, frequent elevator outages and wind-borne noise, all brought on by the building’s impressive stature, have made life at 432 Park challenging for homeowners-and engineers who spoke to The New York Times said similar issues may be plaguing Billionaires’ Row's other supertall towers. Novel engineering techniques, which enabled developers to construct the supertall luxury tower 432 Park Avenue, have led to some unintended consequences, much to the chagrin of the building’s affluent residents. Read More NEWS BITESīig Problems for New York’s Supertall Towers
DOWNSIDE LIFE SUPERTALL TOWER CREAKS BREAKS TV
Just because the TV is the focal point, doesn’t mean the space can’t be chic.