Condo Projects in New York, Chicago and Los Angeles are Getting Taller
In the past, most of the world's tallest buildings were erected to provide office space, like Chicago's Willis Tower and the Empire State Building. The shift toward high-rise dwelling started about 15 years ago, according to the Council on Tall Buildings and Urban Habitat, as interest revived in living in city centers. This has not stopped the demand for top floor living
Los Angeles Real Estate and Condos
As the housing bubble inflated, dozens of residential high rises began popping up in major U.S. cities. New construction ground to a near-halt as the bubble burst and recession ensued, but now, as developers begin to bring projects back online, their buildings -- commonly luxury and super luxury condo towers geared toward cash-flush global buyers, whom have accumulated much wealth during the global downturn.
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