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Share via Shortlink Clockwise from top left: Lantern House at 515 West 18th Street, 212 West 72nd Street and 150 East 78th Street (Photos via Related, StreetEasy, Hayes Davidson) The numbers are in: Manhattan condo developers are pulling back. The combined projected sellout for the 10 priciest projects approved to start marketing this year is just $1.86 billion, down from $3.1 billion last year, according to an analysis by The Real Deal. Only two years ago, the combined total was $7.3 billion, with HFZ Capital Group’s XI condo topping the list. The 2020 figures illuminate the shift toward smaller, less expensive projects as the city grapples with a glut of unsold units after the mid-decade condo boom. The pandemic has placed more pressure on the market and a slew of mezzanine lenders have begun initiating UCC foreclosure auctions as talks with developers collapse.

New yorkUnited statesUpper west sideThomas heatherwickJerry seinfeldHarry mackloweBrooke shieldsRobertam stern designedThor equitieHayes davidsonDouglas elliman eklund gomesSergey rybakJohn tashjianStreet rybak developmentStreet grid groupNaftali group