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The Megatowers Of 57th Street; Crown Heights Building Boom

Because it's not every day that a $16 million penthouse constitutes a huge discount, here's the latest from Curbed NY...

1) Midtown: Archicritic Paul Goldberger gave his take on the West 57th Street megatowers in Vanity Fair this week, writing, "If there is any saving grace to this tsunami of towers, it is in their very slenderness. From a distance they read as needles more than as boxes; what they take away from the street they give back to a skyline that has been robbed of much of its classic romantic form by the bulky, flat-topped office towers." Read more of his thoughts over here.

2) Crown Heights: In a neighborhood once associated with riots, an enormous development boom is underway with dozens of new residential projects in the works. Here's a map of everything in development or under construction in the Central Brooklyn neighborhood.

3) Upper West Side: This Lincoln Square penthouse may have an incredible terrace (pictured above), but that couldn't get it anywhere close to the $29 million it was asking when it first came on the market last January. The apartment just entered contract for $16 million, a mere 45 percent of its first asking price.

4) Gramercy: A co-op on the north side of Gramercy Park just hit the market asking $7 million, which isn't in itself notable except that the place looks like the inside of a medieval castle, with stained glass, stoned wall, and chandeliers (and track lighting). It's worth checking out.
· Curbed NY [ny.curbed]