“This building has become a failure”
That comment got me thinking; and wondering why this work of Capital A Architecture is not selling well. There is more to the story - as I have learned from GROK - than meets the eye.
Or, the EYE of SAURON in this case. ![]()
Here is an AI excerpt that I found helpful in understanding the unfortunate economic outcome for Brooklyn Tower. There were many other factors sighted in this response; this is only a couple of the more interesting AI responses in my query.
Question to Grok -
It is a fact Brooklyn tower condo has been a financial failure by all market economic measures. Can you explain some of the reasons for the poor economic outcome for this new condo building.
Excerpt AI response -
Product and construction economics of a skinny Brooklyn supertall -
Supertalls have high hard and soft costs (structure, wind engineering, elevators, attaching a new tower to a landmarked bank). Floor plates are inefficient compared with shorter, bulkier Brooklyn towers. Some units have awkward angles. The dark neo-Gothic “Sauron / Darth Vader” look is polarizing rather than universally prestige. Those costs need Manhattan-level prices to work; Brooklyn did not deliver them on the original schedule.
Broader market timing -
Sales launched into a period of high mortgage rates and weaker new-development volume. Downtown Brooklyn already had competing luxury towers. The buyer who wants height, views, and full-service amenities in Brooklyn exists, but that buyer is smaller in number and more price-sensitive than the original underwriting assumed.
END AI QUOTE.