Central Park South

The former penthouse of singer-songwriter superstar, Lady Gaga, has hit the rental market for $33,000 per month. Located in prestigious 40 Central Park South, the two-bedroom, two-bathroom features a sunken living room, two wood-burning fireplaces and a whopping four terraces. As the New York Post first reported, the sprawling duplex has been home to other celebrities like Liza Minnelli and Lance Armstrong. The apartment was featured in Lady Gaga's recent documentary, "Gaga: Five Foot Two," which is currently streaming on Netflix.
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September 11, 2017

Tommy Hilfiger again drops price of his Plaza Hotel penthouse to $50M

After making several attempts to sell his pad, fashion designer Tommy Hilfiger is relisting his lavish penthouse apartment in the Plaza for $50 million. Hilfiger and his wife, Dee Ocleepo, first listed the apartment at 1 Central Park South in 2013 for $80 million. After dropping to $75 million in March 2015 and then $69 million, the most recent relisting had the property on the market for $58.9 million in April (h/t Mansion Global). The couple paid roughly $20 million in renovations for the 5,600-square-foot duplex, which features marble-clad rooms, vintage limestone fireplaces from England and a domed room that features a custom-designed “Elouise” mural designed by the children book’s illustrator Hilary Knight.
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Proposal divides Columbus Circle into three zones: Conquest, Slavery, and Immigration

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September 1, 2017

Proposal divides Columbus Circle into three zones: Conquest, Slavery, and Immigration

Just two days after Mayor de Blasio spoke publicly of his idea to add contextual plaques to controversial statues around the city instead of razing them, Public Advocate candidate and Columbia University history professor David Eisenbach has proposed a completely different plan. In reference to City Council Speaker Melissa Mark-Viverito's call to remove Central Park’s Columbus statue based on accounts that the explorer enslaved and killed indigenous people, Eisenbach suggested an alternative where Columbus Circle would be divided into public educational "plazas." As reported by DNAinfo, these would include three parts of the Circle for "Conquest, Slavery, and Immigration." Instead of taking down the monument, he believes this would "tell the story of Columbus’ legacy, the good, the bad, and the ugly."
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Policy

August 30, 2017

Foreclosure moves ahead at Billionaires’ Row supertall 111 West 57th Street

Things have been shaky for 111 West 57th Street since it came to light last month that construction on the world's will-be skinniest skyscraper was stalled at just 20 stories after Property Markets Group's Kevin Maloney and JDS Development’s Michael Stern were sued by real estate investment corporation and owner AmBase. Trying to salvage their $66 million investment, Ambase filed an injunction to stop lender Spruce Capital from seizing the $1 billion project, but yesterday a Supreme Court judge ruled that a strict foreclosure could move forward, meaning AmBase will likely lose its majority ownership, according to Crain's. On the flip side, the developers will now be able to proceed with construction on the 1,421-foot Billionaires' Row tower, whose units started going into contract earlier this month.
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De Blasio considering removal of Christopher Columbus statue near Central Park

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August 23, 2017

De Blasio considering removal of Christopher Columbus statue near Central Park

"Christopher Columbus is a controversial figure for many of us, particularly those that come from the Caribbean," said Puerto Rican-born City Council Speaker Melissa Mark-Viverito. According to DNAinfo, Viverito is calling on the city to consider removing the Columbus Circle statue of the Italian explorer as part of their larger 90-day review of "symbols of hate." She first introduced the proposal on Monday at a rally in East Harlem to remove another controversial statue, that of Dr. James Marion Sims, who achieved his title as the father of modern gynecology by performing experiments on slaves without consent and without anesthesia. Columbus, honored for discovering the Americas, is also believed to have enslaved and killed many of the indigenous people he encountered. In response, the Mayor's office said the proposal will receive "immediate attention." But of course, not everyone is happy about it.
Both sides of the debate

Policy

Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

By Devin Gannon

Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
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July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

By Michelle Cohen

The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?

March 23, 2017

David Bowie’s former Central Park South condo lists for $6.5M with his personal piano included

Sure, a piano is always a nice touch, especially in a classic Central Park South condo like this. But when that piano belonged to none other than the late David Bowie, that certainly changes things. First spotted by the Post, the Essex House apartment that he and wife Iman lived in from 1992 to 2002 (before moving to Soho, where she still lives) has hit the market for $6,495,000, which includes Bowie's Yamaha.
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January 23, 2017

Central Park South co-op of the late Doris Roberts lists for $3.3M

Emmy-winning actress and animal-rights activist Doris Roberts (you probably know her best as Marie Barone from "Everybody Loves Raymond") passed away in April at the age of 90, and her estate has now put her classic duplex co-op on the market for $3,295,000 (h/t NY Post). The five-bedroom apartment at 200 Central Park South boasts a marble foyer, two terraces with partial park views, and oversized windows.
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November 11, 2016

432 Park Avenue will become a beacon of light beginning Monday

Just in case you had trouble spotting the Western Hemisphere's tallest residential tower, beginning Monday, 432 Park Avenue will debut a brand new lighting feature that will turn the 1,396-foot supertall into a glowing beacon. As LLNYC reports, 32 LEDs will fill the tower's five open-air "drum floors" where the building's mechanicals are situated. 432 Park's starchitect, Rafael Viñoly, worked with HDLC Architectural Lighting Design to develop the scheme.
more details here

Architecture And Design

November 8, 2016

Even more pricey condos are coming to Billionaires’ Row

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.
more details here

November 2, 2016

Tommy Hilfiger chops more than $20M off lavish Plaza penthouse

All-American fashion designer Tommy Hilfiger bought three separate condos in the Plaza in 2008 for a combined $25 million. He and his wife Dee Ocleppo then embarked on a very internationally influenced, $20 million renovation that combined the units into one opulent, 5,600-square-foot duplex, complete with marble-clad rooms, vintage limestone fireplaces from England, and a domed room inside one of the building's iconic turrets that features a custom-designed "Eloise" mural by the books' illustrator Hilary Knight. The couple listed the apartment in 2013 for $80 million, but despite its lavish interiors, it's been on and off the market since then, its price dropping to $75 million in March 2015 and to $69 million a few months ago. The Wall Street Journal now reports that it's reappeared with even sharper discount, dropping 26 percent to $58.9 million.
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September 27, 2016

More luxury condos may head to Billionaire’s Row as office tenants are vacated across from One57

Recent reports that the luxury housing market is slowing down may soon be dismissing Billionaires' Row, where several sites are in question to add to the strip's uber-high end array of residential offerings. The latest is at 140 West 57th Street, the Feil Organization's office tower right across from One57. The Post tells us that leases are not being renewed for tenants in the 14-story, landmarked building, where the developer "is said to have already drawn up floor plans for apartments."
The full story ahead

New Developments

September 15, 2016

Composer Andrew Lloyd Webber buys second condo at Trump International for $7.6M

Though we're not sure about composer Andrew Lloyd Webber's political leanings in this country (he's a Conservative in Britain), he sure does seem to love some Donald Trump real estate. The Observer reports that the British musical theater impresario has dropped $7.6 million on a two-bedroom 35th-floor unit at Trump International in an off-market deal. He and his wife Madeleine already own another adjacent unit on the same floor in the Central Park West tower, which they bought in 2012 for $5.8 million after selling a Trump Tower duplex for $16.5 million in 2010.
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August 18, 2016

Robert A.M. Stern’s 220 Central Park South now two-thirds erected

Robert A.M. Stern's latest Billionaires' Row blockbuster continues its rapid ascent into the sky. As CityRealty.com reports, 220 Central Park South (220 CPS) is now two-thirds of the way up, construction having knocked out about 600 feet of the tower's eventual 950-foot height. Application of the limestone cladding started in April and has thus far been installed across over one-third of the building. When finished in 2017, the two-winged skyscraper with its rare and direct Central Park South frontage will host 118 luxurious homes across 66 stories—and it will be one of the city's most expensive residences. Jump ahead to see more photos of all the work that's been completed.
More photos of the tower under construction here

August 11, 2016

Sting and Trudie Styler Buying 220 Central Park South Triplex

By Michelle Cohen

The NY Post reports that Sting and Trudie Styler are in negotiations to purchase a condo in the Robert A.M. Stern-designed 220 Central Park South. The tantric twosome aren't new to the parkside circuit; they're currently among the significant celebrity contingent at the also-Stern-designed 15 Central Park West, where the pop star purchased a 5,413- square-foot penthouse for $26.5 million in 2008.
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Celebrities

July 28, 2016

Time Lapse Video Shows How Midtown’s Tall Towers Will Cast Dark Shadows on the Park

By Michelle Cohen

A dozen supertalls (1,000 feet or higher) in the construction or planning stages in Manhattan include a significant number on the rise along the Billionaires’ Row strip just south of Central Park. This trend has been causing concern due to the shadows the looming towers will cast on the park. Now, a slightly ominous time-lapse video from Cube Cities shows how Billionaires' Row will have a sundial effect on the park (h/t Gothamist). The length and duration of the shadows will vary as the sun's angle changes with the seasons; fall and winter days are looking dark, with the tall towers' long shadows reaching as much as a mile into the park.
Watch the tall towers darken the park on a fall day in the future

New Developments

July 27, 2016

In the 1980s a Group of Feisty Tenants Blocked Evictions by Donald Trump

It's no secret that Donald Trump has engaged in some shady real estate dealings over the years, from his fraught attempt to own the Empire State Building, to the "public" gardens at Trump Tower that allowed him to build taller, to a lost battle with China over two major office buildings (not to mention his many bankruptcies). But there was at least one snafu that he wasn't able to weasel himself out of, and it was all thanks to a group of feisty residential tenants. In the early 1980s, Trump planned to evict rent-controlled and rent-stabilized tenants from 100 Central Park South (now known as Trump Parc East) and build a larger tower on this site and that of the adjacent Barbizon Plaza Hotel. He hired a management firm that specialized in emptying buildings, and they began eviction proceedings. After claiming reduced services, a lack of repairs, and overall harassment, the tenants decided to fight back, and in the end 80 percent of them remained, leading to this revelation by the Donald: "What I've learned is that the better the location and the lower the rent, the harder people fight. If I were a tenant, I'd probably be a leader too."
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History

July 12, 2016

Why Are the Supertall Gurus at Extell Planning a Stubby 18-Story Condo on Billionaires’ Row?

Gary Barnett's Extell Development has become synonymous with sky-high towers, especially those along Billionaires' Row -- the 1,005-foot-tall One57 and the 1,550-foot-tall Central Park Tower -- where it appeared that they were readying to construct a third behemoth that would rise more than 700 feet. However, Crain's reports that Extell has filed plans for the site at 134 West 58th Street (the same block as One57), and they call for a stubby, 18-story, 41-unit condo building that's less than 200 feet tall.
What's the deal?

June 16, 2016

New Renderings of Extell’s Central Park Tower Emphasize Design and Record Height

A new set of images of the world's upcoming tallest residential tower have been uncovered, these better revealing the cantilevering silhouette of the 1,550-foot supertall and how it will relate to the skyline of Central Park South. The images of the Central Park Tower (née Nordstrom Tower) were first spotted by NY Yimby and are part of official EB-5 Immigrant Investor program materials posted online and provided by developer Extell. As such, they confirm that the supertall will indeed no longer have the spire, a feature which would have brought the tower to 1,775 feet and just a foot shy of One World Trade. The materials also reveal that the tower is being marketed with a height of 133 floors (the actual count is just 95, though some units like the 17,000-square-foot three-story penthouse have ceilings that stretch well beyond the standard) and 179 luxury residential units.
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June 7, 2016

Another Luxury Development May Rise on Billionaires’ Row

Crain's reports that another prime piece of property will soon be changing hands, putting 126,000 square feet of development rights in play. The Steinberg family last month made an agreement with commercial developers Thor Equities and General Growth Properties to sell neighborhood fixture Lee's Art Shop's four-story structure at 220 West 57th Street for $85 million, a deal that is expected to close this month. It is not yet clear what the developers plan to do with the landmarked building, but what is known is that the property comes with the right to build atop the historic structure—itself boasting 21,837 square feet on a sizable 8,400-square-foot lot.
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New Developments

May 12, 2016

Interview: RAMSA’s Paul Whalen Reflects on the Unique Design of 15 Central Park West

For good reason, hundreds if not thousands of articles and books have been published on 15 Central Park West, the “Limestone Jesus” designed by famed architect Robert A.M. Stern. This modern icon is credited with not only elevating the New York City luxury market to a level no one before dreamed it could reach, but […]

May 10, 2016

Forgotten Four Acres of Central Park Reopens to Visitors After Almost 90 Years

After being closed off to the public since the 1930s, The Hallet Nature Sanctuary on the lower east side of Central Park is once again open to all, writes The Times. The lush four-acre peninsula has for the last decades been used as a bird sanctuary, reclaimed and then tended to by the Central Park Conservancy in 2001 as part of their Woodlands Initiative. Under the project, $45 million was directed towards revitalizing and restoring the wooded areas of Central Park to their original glory.
More on how to visit here

May 5, 2016

$250M Penthouse at 220 Central Park South Will Officially Be NYC’s Most Expensive Apartment