New York’s new development has historically pushed the envelope with hulking projects that reshape the skyline. But in recent years, those spindly spires of glass offering hundreds of units have been replaced with squat brick or terracotta buildings that recede into the streetscape, often holding just a handful of meticulously-designed homes.  After the early successes on Billionaires’ Row in the mid-2010s bred copycats around the city, the tide turned on larger projects, with a number of noteworthy busts stemming from lackluster buyer interest, costly construction or, in some cases, fraud.  Developers — and their investors — have taken note, and […]

This article originally appeared on The Real Deal. Click here to read the full story.