Even more pricey condos are coming to Billionaires’ Row

Posted On Tue, November 8, 2016 By

Posted On Tue, November 8, 2016 By In Central Park South, condos, New Developments

Back in September, there were murmurs that the Feil Organization had plans to convert a 57th Street office building into residences. As it turns out, Billionaires’ Row will indeed soon find itself with another 34 high-end condos in tow. As Yimby first reports, plans were filed last week to convert a 14-story, 1907 commercial tower at 140 West 57th Street into a mixed-use property that would keep an existing grocery story at its base, but transform the building’s upper 12 floors into 70,885 square feet of upscale living space.

Goldstein, Hill & West appear to have been tasked with the design, and the permits filed by the architecture firm reveal that the redevelopment would include amenities on its second floor, sizable 2,000-plus-square-foot units, and the construction of two additional floors to make way for a pair of penthouses with private terraces.

130-140 West 57th Street in 1910

As 6sqft previously reported, the existing 57th Street tower was erected in 1907 as a live-work space for artists during a period when Central Park South was known for its creatives, not its upper crust residents. As such, the building boasts unique double-height windows that fill the spaces with northern light. And because the building was landmarked in 1999 after it was converted into offices, this distinctive feature is likely to remain unchanged.

The building is also notably located directly across from One57, home of the city’s priciest condo, as well as a number of units that recently sold at dramatic discounts (though at least one resident remains confident in his investment). With the market softening, we’re left wondering what exactly Feil has planned to make this project stand out amongst the city’s ample luxury stock. Feil bought the building from Harry Macklowe in 2009 for $59 million.

[Via Yimby]

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