The booming market for luxury apartments in New York "is an issue" that could damage the city, according to hotelier and real-estate developer Ian Schrager ? and micro apartments could be the solution.
Speaking to Dezeen, Schrager said that the influx of rich people into New York and other cities threatened their diversity.
"I do think that not having diversity in cities is a bad thing," he said. "And it just being rich people is not a good thing."
He added: "I think an area gentrifying and having some rich people is fine, as long as the area has diversity. It is a diversity that brings the energy, and brings the greatness to a city. I think that's an issue."
Ian Schrager told Dezeen that micro apartments are "potentially a great solution" to declining diversity in cities Schrager, one of the most influential living hoteliers and developers, spoke amid concern that the super-rich are pricing everyone else out of Manhattan.
In a column for Dezeen last year, architect Stephen Holl wrote that Manhattan's "astonishingly unequal income has begun to take architectural form" while critic Aaron Betsky wrote that Manhattan is becoming somewhere "there is no place for poor people, for production, or even for conflict".

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