His new Bergdorf Goodman store was in excellent proximity to new, highly exclusive Park Avenue, which was undergoing a high -
rise building boom just as he signed the lease on his new site.
Not exact matches
But that
building boom is largely on hold until oil prices
rise again.
New technology
building booms and subsequent collapses are, historically normal and common following the introduction of new and transformative technologies, and we have seen them in the US and British automobile industries, the late 20th century communications «tech wreck», the
rise and contraction cell phone manufacturers, and the explosion of entry into US telecommunications post «deregulation» in the US, just to cite a few.
The real estate market is
booming — property values are
rising and more
building is taking place.
Read Susan Saulny's important 2007 article, «Development
Rises on St. Louis Area Flood Plains, which describes the
building boom around St. Louis in areas that were underwater in the great Mississippi River flood of 1993.
Given that the
boom in high -
rise construction commenced within the last five to 10 years, claims have already started to surface related to deficiencies in the design, construction and / or materials of these new
buildings.
«One of the major factors behind the acceleration in costs has been the sharp
rise in
building materials prices alongside the continuing
boom in U.S. housing activity and robust Asian demand for industrial goods,» says Adrienne Warren, senior economist, Scotia Economics.
New apartment
buildings are on the
rise in urban markets, creating new spaces for millennials and baby
boomers alike to live closer to the city center.