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Manhattan, Policy, Transportation

Photo via Wikimedia

Crosstown protected bike lanes may finally come to Manhattan’s Midtown neighborhood, the first of its kind in New York City. The city’s Department of Transportation presented on Wednesday a series of proposals to create bike lanes that stretch from the East River to the Hudson River, traveling east to west instead of north to south. The first two protected lanes are proposed to run east on 26th Street and west on 29th Street, where an existing lane will be replaced. Officials are also looking to add a lane moving west on 55th Street and east on 52nd Street. DOT’s move to add more protected bike lanes in Midtown comes after the city experienced an increase in the number of cyclist deaths in 2017, despite it being the safest year on record for traffic fatalities.

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Midtown West, More Top Stories, Policy

Image © 6sqft

Mayor Bill de Blasio plans to open a new homeless shelter for 150 single adult men on Manhattan’s Billionaires’ Row, part of the city’s initiative to open 90 new shelters over the next five years. According to the New York Post, a former hotel at 158 West 58th Street, the Park Savoy, will be converted into the shelter and open in March. The Central Park South building sits behind One57, a supertall known for the city’s most expensive residential sale ever: a penthouse that sold for $100 million in 2015.

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Featured Story

Features, History, Midtown, Transportation

Grand Central, Track 61, secret track, elevator, FDR

Image © Emily Nonko for 6sqft

The iconic Grand Central Terminal is a building with more than a few secrets. Constructed in 1913 with the wealth of the Vanderbilt family, there was a lavish private office (now known as The Campbell Apartment), glass catwalks, a hidden spiral staircase, and even artists’ studios on an upper floor. One of the most infamous secrets of the terminal, however, was a secret track used specifically for a president to access one of the most famous hotels in the world. Known as Track 61, it leads to a special platform that was never used or intended to be used in regular passenger service—it just happened to be in the right place.

Keep reading about Grand Central’s secret track

Midtown, Recent Sales

432 Park Avenue

The end of 2017 has seen a lot of record-setting headlines for 432 Park Avenue, namely the $91 million, three-penthouse sale that was the city’s most expensive all year. And a sale at the supertall that came through city property records today makes it clear that there’s no sign of slowing down. Unit 65A, a half-floor, three-bedroom spread, first sold in June of 2016 for $27 million to an anonymous LLC dubbed “432 Holdings LLC.” This past September, the building’s developers CIM Group and Macklowe Properties bought back the apartment for $27.9 million in a presumed attempt to let the seller buy a larger unit in the building. As The Real Deal reported, the seller did just that, upgrading to an 80th-floor unit that cost $39 million. But as of today, the developers have all but made their money back, as the 65th-floor residence sold yet again for $26.4 million to another LLC called “Mallow Enterprises.”

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Featured Story

Features, holidays, Midtown

Photo via Peter Stevens/Flickr

Every year as the clock nears midnight on December 31st, anticipation runs high as the world holds its breath waiting for the sparkling New Year’s Eve Ball to descend from its flagpole atop One Times Square. We all know that the countdown starts at 10, but there are a handful of other fun facts to muse over when it comes to the city’s most lauded tradition. From the wattage of the ball to the weight of trash produced to how long it takes to get it all cleaned up, see what we’ve rounded up, in numbers, ahead!

More on New Year’s Eve in Times Square here

Midtown, Recent Sales

Chinese buyer snags three penthouses at 432 Park for $91M

By Devin Gannon, Wed, December 20, 2017

432 Park Avenue, DBOX, Macklowe Properties, Vinoly, Deborah Berke (52)

After dropping a staggering $91.1 million, a buyer from China now owns three penthhouse apartments at 432 Park Avenue, the most expensive closing to date. Picking up units 92, 92B and 93B, the buyer, 432 Park Joy LLC, gets 11,906 square feet spanning two floors (h/t TRD). As 6sqft learned earlier this month, the combined units originally hit the market for roughly $120 million. Prior to this deal, the largest closing at the supertall was a penthouse that was asking $95 million but closed last year for $87.7 million. But it’s still One57 that holds the record for the city’s priciest residential deal, a penthouse that sold for $100.4 million in 2014.

More this way

Cool Listings, Midtown

After deciding that he wants to move downtown, mega-developer Larry Silverstein has put his longtime Park Avenue pad on the market for $13.9 million, reports the Wall Street Journal. Silverstein Properties is responsible for much of the World Trade Center redevelopment, so it’s no surprise that Larry is opting to trade his Central Park views for those of the WTC site; last year, he and his wife Klara dropped $34 million on a penthouse at nearby 30 Park Place. The couple moved from White Plains to 500 Park Avenue 33 years ago when their children left for college.

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Midtown, Recent Sales

432 park avenue penthouse, kelly behun, penthouse sale

A massive deal has entered contract at one of New York’s most exclusive condos, the super-skinny skyscraper 432 Park. Mansion Global spotted three neighboring penthouses that all entered contract this Wednesday. There’s #92B, which was asking $40 million; #93B was asking $40.25 million; and #92A was asking $40.5 million. One of the condos served as a model penthouse (pictured above), which was designed and furnished by Kelly Behun. The developers, CIM Group and Macklowe Properties, would not comment on sales, so, for now, it’s unclear if a single buyer is responsible for the same-day transactions over the two floors. If so, someone has nabbed a nearly 12,000-square-foot mansion in the sky for around $120 million.

The buyer-or buyers-are a mystery

Architecture, condos, Construction Update, Major Developments, Midtown

Central Park Tower, Extell

Rendering courtesy of Extell

The 1,550-foot Central Park Tower, the soon-to-be tallest residential tower in New York City, has gotten some new renderings that reveal how it’ll appear lit up at night, as well as how its interiors may look (h/t YIMBY). Extell Development’s current plans for the Billionaires’ Row tower call for 179 condominiums, spanning on average 5,000 square feet, with open layouts and oversized windows overlooking Central Park. With the construction of the supertall at 217 West 57th Street now hitting its halfway mark and rising to roughly 700 feet, Central Park Tower is expected to be completed in 2019.

See inside the supertall

Design, Midtown, Starchitecture

Renderings via the Durst Organization/Studios Architecture

The fabled Condé Nast cafeteria–starchitect Frank Gehry’s first ever project in New York–is getting a revamp and will reopen to new tenants in the Four Times Square office tower. The Post reports that the titanium-wrapped, fourth-floor venue is going to be integrated into a $35 million, tenants-only space in the 1.2-million-square-foot tower. The building’s owner, the Durst Organization, says that while the space will have more seats, Gehry’s signature elements have been preserved, like the curved-glass “curtains,” undulating titanium walls, and banquette seating nooks. 6sqft received a first look at

It’ll now be run as a food hall

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