Does Historic Preservation Have a Future in America’s Imploding Cities?
Architectural Observer
SEPTEMBER 5, 2023
Unlivable as in commercial real estate is tanking. After fetching $66 million in 2015 the building lost nearly two thirds of its value when selling for only $24 million in July of 2023. When one considers that the dollar buys less than it did eight years ago the real loss is even greater than it appears.
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