GIAMPIERO RISPO ON CHINA'S IMPACT (FEATURED IN SOLE24ORE NEWSPAPER)

Quote from the Sole24Ore: "At a recent conference - said Giampiero Rispo, founder of Domus Realty New York and go-to contact for celebrities and stars who buy in the Big Apple - data was showing that with China’s slower growth and the beginning of insolvencies in this market, a new global financial crisis is on the horizon. As a result, large portfolios are shifting from financial markets to real estate, starting with New York properties."

Read article (Italian version):

The hidden kingdoms of New York City’s ultra-rich

What’s even better than one of the biggest, most expensive apartments in Manhattan? Three of them.  Billionaire hedge funder Kenneth Griffin agreed in September to cough up roughly $200 million for three full floors of the 220 Central Park South condo tower, which is yet to be built.

In the meantime, Domus Realty has leased 3 floors in this 14 East 62nd street mansion.

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First MoMA Tower units hit the market

The long-delayed, Jean Nouvel-designed MoMA Tower in Midtown is finally hitting the market, with nine of the 1,050-foot-tall condo building’s 139 apartments for sale and asking between $3.17 million and $50.9 million.

Construction at the supertall residential tower, located at 53 West 53rd Street, started earlier this year, and units appeared on the market Friday afternoon alongside never-before-seen-rendering and floor plans.

GREEN ARCHITECTURE NEWS: GETTING “LOW” IN THE LES

Can the world’s first underground park become a reality in Manhattan’s Lower East Side? Considering the fact that the project’s organizers were recently able to attract 2,564 donors and raise $223,506, well over their $200,000 goal, in a single Kickstarter campaign, the answer seems to have become a bit more clear.

James Ramsey, an architectural designer and former NASA satellite engineer, and Dan Barasch, an art-conscious social entrepreneur, are the aspirational duo behind the project. Ramsey’s RAAD Studios will be tapped to design the park should all of the required funding be accrued.