Forget the Loft: The Newest Trend in Luxury Real Estate Is Walls

High-end art collectors are affecting the way developers build new condos—from wall space, to humidity systems, to the size of the freight elevators.

For Wendy Maitland, Town Residential’s president of sales, an Oscar-winning director client of hers was a typical real estate shopper with typical requests. He had a seven-figure budget and was keen to buy into one of the many new luxury condo complexes sprouting around Manhattan. The client was downsizing from a huge country house in Connecticut since his children were grown, and he planned to use a new perch in Manhattan as his primary residence. So Maitland showed him multiple locations until they whittled his choice down to two: one a luxe development on the Upper East Side, the other a new building downtown, in SoHo. The clincher for her client was a second opinion from someone he trusted—but it wasn’t his life partner, an interior decorator, or even a feng shui master. It was his art consultant.

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