When 432 Park in New York is done, it will stand tall at 84 stories and include high-end condos. The luxury condos stand where the former Drake Hotel used to be located, and they highlight the city's move to more luxurious living. "There are only two markets, ultraluxury and subsidized housing," said Rafael Viñoly, the architect who designed the skyscraper, which is the tallest residential building in the Western Hemisphere.

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