Gary Barnett gets candid about the condo boom of the 2010s and what’s to come

When Gary Barnett launched sales at One57 in 2011, he was met with skepticism. Prices at the Extell Development tower ranged from $3,000 to $8,285 per square foot. Some in the industry called those asks “very rich” and questioned whether buyers would fork over such sums. But they did. In 2014, Michael Dell paid $100.47 million for the top penthouse, shattering the city’s sales record and solidifying Billionaires’ Row position as the epicenter of ultra-luxury

source https://therealdeal.com/2019/12/31/gary-barnett-gets-candid-about-the-condo-boom-of-the-2010s-and-whats-to-come/