After seeing this, I realized I see this phrase (or soemthing similar) a lot in regard to real estate, and I've begun to wonder if it is comms for something else.
Trafficking drugs or children? Safe place for politicians? Target for 'protests'? Place to bring illegals? Something else?
Or just luxury apartments.....
Just more overpriced apartments that have nicer window treatments.
Yep this. What I pay for 2br half a double I could have made 3 mortgage payments on my former 3br completely up to date single family home. Makes me sick what qualifies for luxury. Only half my outlets work. Bedrooms only have 1 outlet.1!! 1 bathroom. 1! On the first floor. I've been sleeping on the couch due to that. Steps are shallow and steep. The price is luxury. That's it. Discouraging.
Looks like a standard conversion of a well-known building. Standard advertising too. 'Luxury' is the most overused word in real estate. I would be more interested in the pervious buyer (via auction) not showing when the time came to pay-up.
I'd love to see the UN building emptied, diplomats sent packing, and turned into luxury apartments.
NYC is gonna burn when We The People finally wake up, so it would be nice to have all the elites easily accessible to the mobs.
Honestly, it's probably just "luxury" apartments. It's kind of the thing now. Find a crappy office building or slum-like apartment building, buy it for dirt cheap because the owner can no longer afford the mortgage payments, and then spend a fortune converting it into "luxury apartments/condos" which basically means a 1,000 square foot box with a "nice" view.
It used to not be feasible to convert things like office buildings to apartments because of zoning and internal construction differences, but now it's becoming more feasible as companies are able to pick up prime location properties for dirt cheap because of office defaults since the plandemic.
Still not easy, but it's more feasible now.
Yeah something that "why don't they change it to apartments" people often don't get is that it requires adding a LOT of new plumbing unless everyone is going to share a common bathroom and kitchen dormitory style. Also additional fire codes to meet.