Welcome to the Elevator World News Podcast.
This week’s news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
NYC TOWER APPEARS TO BE CASUALTY OF CHINESE CRACKDOWN
Work has come to a halt on a planned residential supertall at 151 East 60th Street on the Upper East Side of New York City (NYC) since a cluster of low-rise buildings was torn down in summer 2017, New York YIMBY reports, observing that the plan by Kuafu Properties and Sumi Properties appears to be the latest casualty of the city's Chinese development bust. Two designs, one by Archillier Architecture and the other by Kohn Pedersen Fox (KPF), were submitted. A result of China's crackdown on capital outflow, unrealized projects also include 118 East 59th Street only a block away. That remains an excavated pit.
Image: Kohn Pedersen Fox
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