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Not too long ago, The Big Apple property market has been described as a ‘bubble waiting to pop’. It periodically appears to stop, no rise, no fall, just stationary. The latest update is that the rising residential prices have halted in the property market but demand is at a high in Brooklyn and Queens. Nonetheless, in a growing city of HNW and SHNW people desiring, luxury apartment rentals, there is a rising tendency in sky-high living and glitzy towers.<br><br>Light installations are a brand new craze in new property and are more and more constructed on the newest, tallest residential towers in the city. The newest was made by Thierry Dreyfus and will be installed on 135 West 52nd Street and it involves a gentle lightening and fading of lights.<br><br>An unusual trend is the city inside a city idea, which is seeing gigantic luxurious developments getting fashioned, which include residences, entertainment spaces, restaurants and shops all in the same place. An example of this is 15 Hudson Yards.<br><br>Modern concepts are an increasing tendency in New York City, with entirely glass and metal structures appearing everywhere. Contours are also a keen trend, as opposed to more square, straight lined structures. Designers Zaha Hadid, Isay Weinfeld and Cary Tamarkin are known for these kinds of projects.<br><br>There are various property development companies in New York, fighting for a piece of the property pie, but have a look at a few:<br><br>Formed in the year 1970, [http://www.rockrose.com/about/finance/ Rockrose Development Corp]. is just one of NYC's most pre-eminent and prolific property development companies. It is an all-encompassing real estate owner, manager and developer, managing retail, residential and office spaces. The compaNY is owned and operated by Henry Elghanayan and Justin, his son.<br><br>[http://jdsdevelopment.com/category/gotham-magazine/ JDS Development Group] is a real estate development, building, and acquisition compaNY operating out of New York City specializing in raising the level of luxury residential, mixed use and hospitality projects. The compaNY has more than seven mn square feet of property in numerous periods of development. The latest projects feature the Stella Tower and Walker Tower.<br><br>Megalith Capital Management is a property developer and owner specialized in opportunities in NYC. The firm has an integrated program, that specialises in repositioning, acquisition, development and management of commercial, residential and mixed-use properties. Samvir Sidhu is the CEO and founder. The firm sits in the [http://www.youtube.com/watch?v=vP70C8PRS_Y C&C Alpha Group] property portfolio.