[chris08876]

Market wise there is no comparison between NYC and Dubai. Even if the labor costs where the same as Dubai, land costs are astronomical, and the logistics of things are complex. A 20 floor high rise here, even if labor was the same would cost much much more.

But anyways, a tower such as this, even with its uber price tag and high unit price is more eye candy for the city. So while its mostly inaccessible unless you're part of the 1/100 of 1% (Not even 1%), the city is huge and there are plenty of opportunities for everyone else to share the benefits of many other developments.

People often complain about towers with a small quantity of units and big height, but think of it again, as eye candy in terms of the skyline and how it incorporates into the urban fabric.