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Rise of luxury towers dims de Blasio's shine

Disenchantment with the mayor grows as US$20m apartments crowd out affordable housing and New York neighbourhoods disappear

NOT ANOTHER ONE: A penthouse condo under construction in the TriBeCa section of Manhattan, one of many in a booming market as insatiable demand for downtown luxury apartments rapidly encroaches on commercial spaces and old neighbourhoods.

New York

WHEN Lynn Ellsworth moved to New York in the 1970s, before she went on to get a doctorate in economics, she lived in a boarding house on the Upper West Side, with a dozen or so young women who were students at Barnard and Parsons. The system was vibrant and efficient; this was...

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