Hearst, which is based in New York, is in contract ... and it is positioning its condo tower to be ready to break ground once new development becomes feasible again in the city.

The market for high-end penthouses and ultra-luxury apartments in New York City is booming ... The 2-mile thoroughfare is home to the Hearst Tower, Le Parker Meridien hotel, Carnegie Hall ...

“New York is a vertical city,” he says. “So, it is logical to build up when creating space.” He points to the Hearst Tower in midtown as a famous example: in 2006 a Norman Foster-designed ...