Money breaking gravity

 In 2000, there were 215 office towers worldwide above 200m high (the first, the Metropolitan Life Tower in New York, was completed in 1909), but only three residential towers that high.

Metropolitan Life Tower

 Today, there are 255 residential towers above that height, with a further 184 under construction. Mixed-use towers, with apartments as well as offices and hotels, include the Burj Khalifa, still the world’s tallest building, at 828m. The Jeddah Tower in Saudi Arabia, due to be completed in 2020, will be the first to break 1,000m. Its highest apartments will be on the 156th floor.

 For decades, tower blocks typically comprised social or affordable housing in crowded cities or on new estates. Hundreds were built in the postwar social housing boom, in cities across Europe. But today the highest residential towers are overwhelmingly luxury developments, and many remain empty, weeks after selling. If skyscrapers broke ground as barometers of corporate hubris, increasingly they now stand for personal excess, applying gravity to the wealth divide.


Trellick Tower  by Ernö Goldfinger

 Skyscraping homes have always held an allure; a house with a view, a life in the sky. They frequently evoke dystopian imagery; Ernö Goldfinger’s troubled Trellick Tower in west London, completed in 1972, is thought to have inspired JG Ballard’s dark thriller High-Rise.


First edition (hardcover) of J.G. Ballard's novel High Rise

 Interesting case is that; the upper floors of many new luxury skyscrapers serve as foreign cash stores: giant briefcases with views. 
 The highest homes in Britain are the 10 luxury apartments between floors 53 and 65 of the Shard. They are among the most opulent in London, yet almost five years after their completion, none is occupied or even for sale or rent. 



Source: 'The building creaks and sways': life in a skyscraper

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