Architect Designed Award-Winning New York Skyscraper

The 72-story project, completed after the architect opened his New York studio, surpassed a 500 million dollar valuation.

Updated on Oct. 14, 2026 in Remote Work

Isometric editorial illustration showing a minimalist, matte skyscraper silhouette rising from a structural base, representing urban development architecture. — Damir Dan Šehić designed a 72-story New York skyscraper that achieved a valuation exceeding 500 million dollars in 2015. AI Illustration. Upload story photo >

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Should developers be required to prioritize local community input over their financial goals for new projects?

Damir Dan Šehić designed a 72-story skyscraper in New York that secured international recognition in 2015. The project involved costs exceeding 500 million dollars and highlights the architect's broader work across the United States.

Why it matters

Architectural development in major cities is driven by the complex balance between investor demands for financial returns and the need for creative, urban-compliant design. These market pressures dictate the scale and scope of large-scale residential and commercial projects.

The architect's studio, which employs 15 people, has overseen 55 facilities across America including the 72-story New York skyscraper. The firm is currently developing a project in Jersey City that includes 21 skyscrapers and 7,200 apartments.

The players

Damir Dan Šehić

He is an architect who founded his own studio in New York and has designed 55 facilities across the United States.

Vladimir Krstić

He is an architect who relocated from Sarajevo to the United States in 1986.

The details

The design firm maintains its presence by coordinating with local authorities to ensure projects align with strict urban planning and building regulations. Securing these high-value contracts requires presenting unique solutions to investors who prioritize bottom-line financial returns over aesthetic preferences.

Vladimir Krstić left Sarajevo for the United States in 1986.
Damir Dan Šehić departed Sarajevo in 1989.
The architect opened his New York studio in 2004 or 2005.
The skyscraper design earned awards as the world's best building in 2015.

Market Landscape

The transition toward high-density, multi-building developments in the New York metro area signals a push for increased efficiency in urban housing supply. By prioritizing massive residential footprints like the Jersey City project, developers are consolidating market share in an era of constrained urban space.

The expansion of large residential developments in the metropolitan area may affect housing availability and local rental market pricing for residents. These projects influence the long-term character and infrastructure of the neighborhoods surrounding massive construction sites.

The takeaway

Large-scale urban architecture requires balancing creative innovation with the rigid financial expectations of institutional investors. Residents often see the long-term impact of these projects through changes in local housing supply and neighborhood density.