Central Park Tower’s 3-Floor Penthouse $250,000,000

[coppice]

The UK has a long history of trying to coax businesses out of London, to set up large office operations in smaller cities. There are a few success stories of things like insurance companies moving large operations to the smaller cities and staying there a long time. However, there aren't many of them. People aggregate. Its human nature.

I meant remote as in home office. I work remotely from home, I go into the office about once a month, doing so every day is a complete waste of time an resources. My job is almost entirely done sitting at a computer and my teammates are spread across multiple locations anyway. Many jobs can't be done remotely but any that can should be.

So, in this new world order how will low value fresh graduates develop into high value experienced people without close interaction with the previous generation? I don't think near complete home office work is sustainable for most occupations, however much it may suit a number of experienced professional people.

[themadhippy]

How? You'd still need to prove the source of the funds.

very easy to clean funds,yea you might loose a few quid in  laundry fees but its better than ending up with nothing but a  poco.

[AndyBeez]

More like Central Perk. The advantage of living in that building looking down on Central Park means that you will be the only New Yorker who doesn't get to see what a stain on the skyline of Central Park that building is.

On the subject of staining the skyline, a development in the principality of Monaco called the Sky Tower, sits completely out of place, in my opinion. Belonging in Dubai or Shanghai, this parked juggernaut has a penthouse at a bargain price $380M+ Since the oligarchs lost their nerve to invest in western property, the sky penthouse is still on the market. As one of the highest buildings in Europe, the eventual owner will be safe in the knowledge that no-one in Monaco can look down on them. Ignoring that is, the French peasants on the surrounding hills that overlook Monaco.

I note Sydney Australia is trying to emulate the Manhattan skyline. Australia must have a lot of millionaires wanting to buy penthouses - or set up the highest EE lab? 

[james_s]

So, in this new world order how will low value fresh graduates develop into high value experienced people without close interaction with the previous generation? I don't think near complete home office work is sustainable for most occupations, however much it may suit a number of experienced professional people.

That's easy, we have hired quite a few fresh grads and watched them grow into talented engineers. We use many tools to facilitate interactions, we have Zoom, Teams, and Slack in particular, and occasionally we do team outings where we get together for happy hour or lunch or whatever for the people that happen to be in the same geographical location. I hear this argument a lot and I don't really get it, it's one of those cases where people are skeptical that something will ever work when it is already my reality and has been for some time. It may not be for everyone but it works fine for us, quite a few of my teammates are on the opposite side of the country, some are fully remote and don't work anywhere near any of our offices, I've never met them face to face but that doesn't prevent forming relationships. Also I didn't say home office work was suitable for most occupations, I said it was suitable for most office jobs. Obviously if you are doing actual physical work you can't do it remotely, but for work that involves sitting at a computer the location is irrelevant.

[tom66]

Nothing more convenient than not having to commute at all. I suspect a large majority of the jobs that are done in typical office towers can be done remotely, in my mind the downtown   urban business model should  be obsolete and remote work for any job where it is possible to do should be incentivized and strongly encouraged. It's totally silly for tens of thousands of people to move back and forth twice a day from homes spread around to big towers downtown just so they can sit at a computer on a different desk.

I think the reality of a five day a week office job died with COVID.  Some employers insist on that but it's dead and they're really going to struggle to retain staff if they continue with that attitude.

That said, I think fully remote doesn't work for all types of office jobs, especially ones where collaboration is important.  For engineering, I think the ideal is around 1-2 days a week in the office.  I work in a job whose position on remote work is basically defined as "come in when you're needed, we trust you".    So I live an hour drive from the office, because I only do it now and then, and managed to buy a much bigger house for my money.

[Circlotron]

I wonder what Jed Clampett would have made of living in a place like that.

[coppice]

So, in this new world order how will low value fresh graduates develop into high value experienced people without close interaction with the previous generation? I don't think near complete home office work is sustainable for most occupations, however much it may suit a number of experienced professional people.

That's easy, we have hired quite a few fresh grads and watched them grow into talented engineers. We use many tools to facilitate interactions, we have Zoom, Teams, and Slack in particular, and occasionally we do team outings where we get together for happy hour or lunch or whatever for the people that happen to be in the same geographical location. I hear this argument a lot and I don't really get it, it's one of those cases where people are skeptical that something will ever work when it is already my reality and has been for some time. It may not be for everyone but it works fine for us, quite a few of my teammates are on the opposite side of the country, some are fully remote and don't work anywhere near any of our offices, I've never met them face to face but that doesn't prevent forming relationships. Also I didn't say home office work was suitable for most occupations, I said it was suitable for most office jobs. Obviously if you are doing actual physical work you can't do it remotely, but for work that involves sitting at a computer the location is irrelevant.

This can work if you have the luxury of hiring only very capable people, but that doesn't scale. You are going to run into the same problem every attempt at MOOC (massive open online courses) type study has hit. Very capable people can learn almost anything from books and some practice. Most people need considerable human interaction to get them over numerous hurdles.

[jonovid]

its just rooms with a view. radio reception would be interesting at this height. so if money was no object-
with the right technology any anyone anywhere in the world can have this view with 8K Ultra HD TVs as windows.
with all the benefits of ground level living, as in trees in a private garden, walk in car park.
without building sway, howling wind on the balcony or idiots with aircraft parking in your living room.

[EEVblog]

It would be a fun place to visit but I'd never want to live there, there's no space outside. For that kind of money I'd expect a few hundred acres of land, I need somewhere to put a proper workshop, and a place to store toys like cars, ATVs and boats and such, and space to fly model airplanes. I can't even imagine why someone would want to live in the middle of a concrete jungle like that, I loath urban environments but I'm glad some people like them as it keeps them out of the places I'd be willing to live.

Yep.
Even if I had just $10M to spash on a fancy place, I can buy a really nice private island up in the witsunday's or something for $5M. And remainder $5M gets me a really nice place not far from me now.
https://www.domain.com.au/577-old-northern-road-glenhaven-nsw-2156-2018456869

[EEVblog]

More like Central Perk. The advantage of living in that building looking down on Central Park means that you will be the only New Yorker who doesn't get to see what a stain on the skyline of Central Park that building is.

I note Sydney Australia is trying to emulate the Manhattan skyline. Australia must have a lot of millionaires wanting to buy penthouses - or set up the highest EE lab? 

The Sydney eyesore equivalent is what's called "The Toaster". Should never have been allowed.
https://www.visitsydneyaustralia.com.au/circular-quay-toaster.html

Sydney is highly sort after by international Richie Rich's. One of the most livable cities in the world. Pipped by Melbourne in recent years. But Sydney is still the prestige city in Australia.