While the signs of economic recovery in Miami's real estate market were being reported last summer in anticipation of the December art and design fairs, the New York property scene was also undergoing something of a renaissance. Grand schemes have been brewing in different parts of town, developers have been in fervent planning and many leading architects are now flocking back to the city after the hiatus caused by the noughties' financial turbulence.
See the residential developments set to reshape New York’s skyline
The result? Construction is booming once again in Manhattan and beyond. And while in Miami the quest lies in creating the most iconic seaside condo with the best ocean views, greenest gardens and most exclusive pool bar, in New York, this friendly competition often turns to height.
The Rafael Viñoly-designed 432 Park Avenue tower - set to be the tallest residential building in the Western hemisphere - is already underway and slated for completion by 2015, while another mega-tower (designed to reach 411 metres high), the 111 West 57th Street by SHoP Architects, will break ground this summer. Also in the pipeline are somewhat shorter - yet still sizable and fittingly glamorous - luxury developments by some of the biggest names of international architecture, such as Zaha Hadid, BIG, Herzog & de Meuron and Shigeru Ban. Many of these flank the celebrated High Line, while others are high-end redesigns of NY classics such as the Walker Tower Residences.
Exclusive boutique projects are joined by larger complexes, such as the Hudson Yards development at the western edge of Manhattan. Diller Scofidio + Renfro and David Rockwell are working on its residential 15 Hudson Yards tower, while the gargantuan 28-acre scheme will also include an SOM-designed mixed use residential highrise, and luxury retail and office blocks. Meanwhile Hunter’s Point South in Long Island City by ODA will be a small town of commercial units and affordable housing.
The first wave of residential projects will see completion by 2015. The Tower Verre by Jean Nouvel is one of the latest additions to the city’s plans, scheduled to break ground in 2019. New York’s new luxury residential selection is growing by the day, joining the city’s big upcoming cultural and commercial buildings, such as the new Whitney Museum Renzo Piano and the landmark One World Trade Centre, which is gearing up for inauguration later this year.
-
An eco-conscious reconfiguration of space revives a London homeAn eco-conscious reimagining of a Victorian terraced home for a growing London family, THISS Studio’s Hartley House offers sustainable, spacious living
-
A guide to the best fashion stores Copenhagen has to offerWallpaper* picks the must-visit fashion stores in Copenhagen – from big-name boutiques and historic department stores to local labels and the best in second-hand, each presenting a fresh take on Danish design
-
Indian studio Compartment S4 celebrates architectural collaborationCompartment S4, the Indian architecture studio out of Ahmedabad and Mumbai, is true to its collective nature
-
A vacant Tribeca penthouse is transformed into a bright, contemporary eyrieA Tribeca penthouse is elevated by Peterson Rich Office, who redesigned it by adding a sculptural staircase and openings to the large terrace
-
We walk through Luther George Park and its new undulating pavilionLuther George Park by Trahan Architects and landscape architects Spackman Mossop Michaels opens to the public, showcasing a striking new pavilion installation – take a first look
-
A vibrant new waterfront park opens in San FranciscoA waterfront park by leading studio Scape at China Basin provides dynamic public spaces and coastal resilience for San Francisco's new district of Mission Rock
-
Tekαkαpimək Contact Station: a building ‘as inspiring as the endless forest and waterways of the land’The new Tekαkαpimək Contact Station by Saunders Architecture with Reed Hilderbrand and Alisberg Parker Architects, opens at Katahdin Woods and Waters National Monument in the USA
-
Entelechy II: architect John Portman's majestic beach home hits the marketEntelechy II, architect John Portman's beach residence in Georgia, USA, goes on the market; roll up, roll up for a home that is as grand as it is playful
-
First look: Honolulu's Victoria Place blends cosmopolitan living with Hawaii life and natureVictoria Place is a new residential tower at Honolulu's Ward Village; take a first look at its interiors
-
A look inside the home of George Homsey, one of the fathers of pioneering California modernist community Sea RanchGeorge Homsey's home opens for the first time since his death, in 2019; see where the architect behind some of the designs for Sea Ranch, the pioneering California modernist community, lived
-
Step inside a Brooklyn Brownstone that bridges old and new'Brooklyn Brownstone' has been refreshed by Jon Powell Architects (JPA) and the result is a contemporary design rooted in modern elegance
