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Wall Street Journal: ‘Downtown Looks Up’ at Walker Tower

The Wall Street Journal // Dec 14, 2012

Today’s Wall Street Journal makes a number of exciting announcements about CORE’s Walker Tower development, including that the luxurious prewar condominium conversion is now 50% in contract, with a recent deal in the building nearing $34 million, an almost record-setting amount for a Downtown Manhattan residence. It’s the distinction of being Downtown that helps Walker Tower stand out, the Journal‘s Josh Barbanel writes. In his story, headlined “In Manhattan, Downtown Looks Up,” Walker Tower is held up as a shining example of what wealthy buyers are looking for in today’s market: A spacious and meticulously finished Manhattan home that blends a traditional Uptown sensibility with a trendy Downtown location.

The blend of old and new makes sense for New York City, CORE’s CEO Shaun Osher tells the Journal: “If you think of Singapore or Dubai, you think of modern glass towers, which have their own elegance. But New York is an old city in a modern world, like London or Paris. A lot of the richness and heritage of the city is in its prewar aesthetic.” And buyers agree. Recent deals at Walker Tower have even topped $6,000 per square foot, rarified air for New York real estate, Downtown or Uptown. To see Walker Tower’s current availability, click here.

Original Article: The Wall Street Journal