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World's Tallest Luxury Housing: Rise of The Super Towers | Forbes
Posted
May 7, 2013
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May 7, 2013
27,571
91
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0.35%
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1:49Now PlayingIn the past, most of the world's tallest buildings were erected to provide office space, like Chicago's Willis Tower and the Empire State Building. The shift toward high-rise dwelling started about 15 years ago, according to the Council on Tall Buildings and Urban Habitat, as interest revived in living in city centers. The 9/11 attacks dampened the nascent trend -- but only for a time. As the housing bubble inflated, dozens of residential high rises began popping up in major U.S. cities. New construction ground to a near-halt as the bubble burst and recession ensued, but now, as developers begin to bring projects back online, their buildings -- commonly luxury and super luxury condo towers geared toward cash-flush global buyers — are getting even taller.
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