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As memories of street crime have receded, and as luxury developments have risen, the name Hell's Kitchen has acquired a kind of gritty cachet.
Monthly fees, the financial lifeblood of condo developments, have risen sharply as boards try to generate cash for long-deferred maintenance and to cover basic expenses.
Much of the new population is moving into the east end of town, where two major housing developments have risen on land that was once peach and apple orchards.
It is a buyer's market in Manhattan's more established, expensive neighborhoods and just over the East River in Dumbo, Brooklyn, and Long Island City, Queens, where luxury developments have risen.
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The City's vacancy rate (including new developments) has risen to 16%, up from 2% in 2000.
One consequence of the extraordinary level that prices reached in the Perry Street condominium is that land prices for nearby property suitable for development have risen as well.
Many of the recent conflicts around the world have exacerbated this trend and the demands on weapon guidance systems and sensor development have risen considerably.
But as housing prices and the pressure for development have risen, critics, including planners, civic groups, council members and community leaders, complain that the board has, in hundreds of decisions and with little public oversight, reshaped neighborhoods and altered the fabric of life in communities across the city.
Dr. Vasella said that investment in research and development had risen 32percentt last year with the opening of a new research center in Cambridge, Mass.
He said: "The average time taken to complete a private development has risen from 20 months in 2007-08 to 25 months in 2011-12.
More than 176,000 foundations exist in the US and Europe, and their spending on international development has risen by 60% in just four years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com