Until last year, a developer who hired a famous architect to sprinkle some pixie dust on his site was guaranteed to make a fortune. Now that sales prices are dipping, it’s time to revisit the products of that rush to extravagance. In some buildings, prices appear to have peaked; in others, they’ve risen despite the rough economy. As the resales begin, it’s a moment to reindulge the fantasy of living there—or, just maybe, make an offer.

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• Archive: “VU”
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• Table of Contents: Sep 28, 2009 issue of New York | Subscribe!