New York’s new ‘skinny’ skyscraper trend

Global Business

Thin is in when it comes to New York City’s real estate. A new wave of ‘skinny’ skyscrapers is opening up the luxury housing market thanks to some creative engineering.

CCTV’s Rachelle Akuffo filed this report.

New York's new 'skinny' skyscraper trend

New York's new 'skinny' skyscraper trend

Thin is in when it comes to New York City's real estate. A new wave of 'skinny' skyscrapers is opening up the luxury housing market thanks to some creative engineering. CCTV's Rachelle Akuffo filed this report.

The One57 building pioneered the slimmer skyscraper trend amid the 2009 financial crisis, jump starting New York City’s luxury residential boom.

Located on so-called “Billionaires Row”, the views from the 1,000-foot-high skyscraper are almost as dizzying as the apartment price tags. One $35 million dollar apartment comes with panoramic views, top-of-the-line fixtures and amenities including a screening room and swimming pool.

Three other ‘skinny’ skyscraper apartments sold for more than 100 million dollars, each. How skinny, you ask? Another building down the street will be just over 18 meters wide.

“They’re very expensive to build because of special engineering, but until the market in New York was able to achieve $3,000 per square foot for construction, you didn’t have any of those towers,” says Carol Willis, Curator and Founder of The Skyscraper Museum.