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According to CNBC’s Realty Check writer, Diana Olick, William Lie Zeckendorf, the developer of the most expensive penthouse in 520 Park Avenue in New York City, is confident that the luxury units will sell.
“Everything concerns me, but, very funny, we think we’ve seen more Chinese buyers in the last 60 days than ever before. I think, frankly, what’s unsettled China has made the U.S. that much more appealing,” says Zeckendorf.
The tower, which is still under construction, is a collaboration of Zeckendorf and architect Robert A.M. Stern, who earlier teamed up on 15 Central Park West, which opened in 2008.
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