The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Developers look to top-floor attractions to maximize revenues

The Empire State Building's deck, which raked in US$82.5 million, or 40 per cent of the building's total revenue, has other properties eager to monetise their topmost floors

Published Mon, Jun 1, 2015 · 09:50 PM
Share this article.

New York

IN a city crowded with venerable towers and gleaming new skyscrapers, builders and developers are trying to squeeze more money out of their real estate by taking advantage of one of their last available spaces: their rooftops.

Cocktail lounges and restaurants have popped up on the tops of hotels, office towers and residential buildings, offering views of the city's skyline, its bridges and waterfront, as well as US$20 mixed drinks.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here