What's a developer to do when his 48-story condo tower in the heart of Midtown opens in the midst of a recession? Let the tenants finish it, of course! That's the idea behind Cassa by Mexico City's TEN Arquitectos. "In this ostensibly cold market, Solly Assa, the owner of Assa, says the building is finding affluent buyers who want to create enormous homes. Mr. Assa said he had sold 17 of 57 units at an average price of $2,000 per square foot. Five or six buyers, he said, bought more than one unit, with intentions to combine them; one bought four and two bought three each."[NYT]
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