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Colossal Condos

Manhattan developers are building increasingly large condos, New York City's upscale answer to the suburban McMansion. At the peak of the Manhattan real-estate boom in 2007, the average new condo—from studios to penthouses—was 1,265 square feet. Now, new condos average 1,564 square feet, a 24% increase, said Kelly Kennedy Mack, president of Corcoran Sunshine Marketing Group. One measure of the change: The average apartment size at One57, the huge tower on West 57th Street, was 3,600 square feet, about 70% larger than the average at another premier condo, the Time Warner Center, when it went on the market in 2001, Ms. Mack said. "In New York, space is the ultimate status symbol," she said.

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