Aabar, the ambitious investment vehicle owned by the Government of Abu Dhabi, is pinning a multi-million investment on a property recovery in New York City by 2013. The company has provided three quarters of the initial financing of "
Carnegie 57" at 157 W. 57th St. Analysts say it is the first major property development to come after the global financial crisis put hundreds of projects in the Big Apple on hold.
In true Abu Dhabi fashion, the building is designed by a "starchitect"
Christian de Portzamparc and will cater to the high end. See the story
here.
Another rendering after the jump ...
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