Red-Light Gets the Green Light

Across Europe and around the world, soaring land prices and increasing demand for luxury living are fuelling a building boom in Red Light districts. As I reported in this cover article for The Financial Times, despite a global economic downturn that has pummelled many new condominium projects and erratic global financial markets that have spooked wealthy home buyers, developers’ appetites for building in areas long associated with adult entertainment have not waned. Left, a David Chipperfield designed hotel in Hamburg’s Red Light district.

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