Midtown

Remember the story of Herbert J. Sukenik, the famous Central Park West "hermit holdout?" Developers paid the rent-controlled curmudgeon $17 million and gave him a free massive pad overlooking the park in a legendary buyout. His female counterpart might be one Fannie Lowenstein, whom none other than Donald Trump is said to have ended up bestowing a sprawling suite in the venerable Plaza Hotel at 1 Central Park South, complete with a Steinway grand piano and maid service. For zero dollars a month. For life. Here’s how the story of the woman the hotel staff referred to as “the Eloise from Hell” became yet another Manhattan rent regulation legend, as told by Vice.
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March 23, 2016

Breathalyzer Entrepreneur Lists Iconic Plaza Condo for $2.39M

A gracious layout, unique pre-war details–including the signature bathroom finishes–and amenities unmatched in any Manhattan building make this one-bedroom condominium in the legendary Plaza Hotel and Residences at 1 Central Park South as enviable now as ever. Currently asking $2.389 million, this perfectly maintained apartment offers all the cachet of Plaza living and every modern convenience. The home's floorplan–offering a spacious entry foyer and a huge living/dining space–could even handle the addition of another bedroom or any number of alternative configurations. The unit faces the garden, and oversized windows allow warm light to infiltrate every corner.
Tour this classic Central Park South home

Distinctive Homes

March 17, 2016

The Plaza Reportedly Headed to Foreclosure Auction Next Month

The Plaza, New York City's iconic 109-year-old hotel and residence (formerly known as the Plaza Hotel) at 1 Central Park South will head for the auction block next month, says Bloomberg Business. An unnamed source claims the storied hotel will be offered in a foreclosure auction on April 26 along with the Dream Downtown hotel in Chelsea. The two mortgages total about $500 million, according to the report.
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Events & Things To Do

March 16, 2016

Frank Lloyd Wright’s Former Plaza Suite Gets a Price Cut to $26M

The 4,000-square-foot Plaza suite that Frank Lloyd Wright once briefly called home just got a price reduction (and a broker change) from $39.5 million to $26 million (h/t Curbed). As 6sqft discovered last year, Wright lived in the corner apartment from 1954 to 1959 while he was working on the Guggenheim Museum. Though the architect's past residency certainly adds interest, the impressive pad at 1 Central Park South does a fine job impressing us on its own—and we're not alone, clearly, since the home was featured in Architectural Digest in 2014. Current owners James and Lisa Cohen (chairman of Hudson Media and home editor at DuJour magazine, respectively) bought the sprawling condo for $13 million in 2009 to use as a Manhattan pied-a-terre (their main residence is in New Jersey). Then they proceeded to gut-renovate and redesign the home with help from Louis Lisboa of VL Architects and interior designer Susanna Maggard. The apartment headed back to the market last year for a renovation-reflecting $39.5 million. Now the colorful, luxurious and impossibly large four-bedroom pad is asking a significantly slimmer but still sizeable $26 million.
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March 10, 2016

Property Markets Group Shares New Eye Candy of 111 West 57th Street

Here's a new set of images of Property Markets Group's and JDS Development's 111 West 57th Street. In case you haven't been paying attention, the highly-anticipated tower will be among the tallest residential skyscrapers in the world, climbing some 1,421 feet high to its tip. Designed by SHoP Architects, the feathery spire is sheathed in terra cotta, bronze and a glass curtain wall. The tower will be the most slender skyscraper in the world with a height to width ratio of 24:1.
More renderings ahead

A 1960s Plan to Cover Midtown Manhattan With a Giant Geodesic Dome

Buckminster Fuller and Shoji Sadao Dome Over Manhattan, 1960. Image courtesy of the Estate of R. Buckminster Fuller.

February 26, 2016

A 1960s Plan to Cover Midtown Manhattan With a Giant Geodesic Dome

During the 1960s and 1970s, thanks to future-thinking genius engineer/utopian Buckminster Fuller, plans were proposed to cover midtown Manhattan with a giant geodesic dome. Fuller, who invented the concept and was deeply invested in studying the domes and their properties, described a three kilometer (1.864 mile) geodesic dome spanning midtown Manhattan that would regulate weather and reduce air pollution. The proposed structure would have stretched from the East River to the Hudson River and from 21st Street to 64th Street. The dome would reduce cooling costs in summer and heating costs in the winter, so buildings wouldn't need separate heating or cooling–the dome above would be kept at a regulated temperature level.
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History

February 16, 2016

My 1,640sqft: Inside Chef Devin Gaffney’s Rent-Stabilized Classic Six on Billionaires’ Row

Our ongoing series “My sqft” checks out the homes of 6sqft’s friends, family and fellow New Yorkers across all the boroughs. Our latest interior adventure brings us to chef Devin Gaffney's Central Park South home. Want to see your home featured here? Get in touch! Whenever 57th Street and the few blocks that cluster Central Park South make the news, headlines usually swirl around how there's a brand new multi-billion dollar tower on the rise or how a condo in One57 just broke some city record. But lest we forget, many mere mortals like ourselves still fill out the more elfin edifices surrounding these supertalls. One such resident is Devin Gaffney, a chef (he's whipped up dishes at Brooklyn's beloved Speedy Romeo and No. 7) who not only grew up in the area, but moved away, spent 10 years in Brooklyn, and then moved back to the island into the same apartment he called home during his formative years. Ahead, Devin takes us through his eclectic, art-filled (many works centuries-old) classic six in a 1913 construction built for musicians just a block from Carnegie Hall, a block from Central Park, and right smack in the middle of one of New York City's most coveted and most expensive areas.
Go inside Devin's home here

February 12, 2016

Revealed: Central Park Tower Shows Off Its Retail Base

Now dubbed the Central Park Tower, Extell's 1,550-foot-tall supertall on Billionaires' Row was originally known as the Nordstrom Tower, so named because of its ground-floor tenant who will be opening their first Manhattan flagship store. But despite the fact that we architecture nerds were saying "Nordstrom" for years, we had no idea how the store would actually factor into the 95-story building's overall design (which was recently knocked down from a whopping 1,775 feet with the loss of its spire). But now, the Seattle Times (the department store is based out of the Washington city) has revealed renderings of the retail base, reports NY Yimby.
All the details and renderings

February 5, 2016

432 Park Avenue’s First Recorded Sale Just Became Its First Listed Rental for $60K a Month

Less than a month after 432 Park Avenue recorded its first sale at $18,116,000, the first unit to close at the Billionaires' Row blockbuster has appeared on the rental market for $60,000 a month (h/t Curbed). As 6sqft previously reported, "The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views." It was purchased via an LLC, 432 PARKVIEW, but now that it's been re-listed as a rental, it's also the first apartment whose interiors we get a peek at outside the generic, digitally-enhanced promotional images that accompany listings.
Take a look at the generic, non-digitally-enhanced interiors

February 1, 2016

Why Is There a Sixth-and-a-Half Avenue in Midtown?

If you've never heard of it, that may be because this quarter-mile, pedestrian-only street is nearly hidden among the office towers of Midtown. Sixth-and-a-Half Avenue was the first fractional street in the city’s grid system, created in 2012 by the Department of Transportation to encourage people to use the public plazas and covered areas that form a path between 51st Street to 57th Street.
So where is it?

Savanna Fund Files Permits to Demolish Billionaires’ Row Building

500-foot tall massing model depicted at the site. Image courtesy of CityRealty

January 29, 2016

Savanna Fund Files Permits to Demolish Billionaires’ Row Building

New York City-based real estate private equity firm Savanna Fund has filed permits with the Department of Buildings to demolish a 12-story, 36,000-square-foot office building at 106 West 56th Street. No plans for the 5,000-square-foot lot have been announced, but its location along Billionaires' Row and three blocks south of Central Park makes it well suited for another slender residential or hotel tower. The 50-foot by 100-foot lot is zoned at one of the city's highest as-of-right densities and could therefore yield a building of roughly 80,000 square feet of zoning area without any development rights transfers. Above 350 feet in height, north facing spaces would have partial views of Central Park.
More details ahead

New Developments

Extell Files Permits to Demolish Six Midtown Buildings for a New Mega Development

A Google street view of the six buildings set to be razed

January 14, 2016

Extell Files Permits to Demolish Six Midtown Buildings for a New Mega Development

Yesterday, Gary Barnett's Extell (the developer behind the Nordstrom Tower, One57, and the controversial 250 South Street, to name just a few) filed a string of demolition permits with the city's Department of Buildings to raze six buildings along West 46th Street between Fifth and Sixth Avenues. The doomed four- and five-story structures are at 3 West 46th Street, 5 West 46th Street, 7 West 46th Street, 9 West 46th Street, 11 West 46th Street and 13 West 46th Street. And on Monday, The Real Deal reported that Barnett has secured ownership of two neighboring properties at 562 and 564 Fifth Avenue from Thor Equities and SL Green Realty. The prolific developer also owns 2 and 10 West 47th Street on the northern side of the block in the heart of the Diamond District. Back in 2014, sources said that Extell was planning for a new hotel tower at the site, but given the large amount of land the savvy developer has assembled (more than 30,000 square feet by our count) it will likely yield the largest tower built on Fifth Avenue in more than a generation.
More details ahead

New Developments

January 12, 2016

See How 6 Columbus Circle Could Change the Central Park Skyline

Last Friday, a marketing brochure was released promoting the sale of 6 Columbus Circle, an 88-room boutique hotel that exudes a modernist '60s flair throughout its spaces. While the brick and limestone gem owned by the Pomeranc Group received an ungainly five-story addition in 2007, its ornate 58th Street facade survived intact–though now, its days may be numbered. The New York Observer reported last month that the owners have placed the building up for sale, tapping Cushman & Wakefield as exclusive marketers. With angled views of Central Park starting at less than 100 feet above street level, a source estimates the property could fetch a staggering $1,400 per buildable square foot, a pot of gold to developers' eyes. And the marketing brochure makes the possibilities very clear, conceptualizing a 700-foot-tall, mixed-use spire from the nimble, 42-foot-wide lot.
See how this could change the skyline

January 8, 2016

432 Park Avenue Records Its First Blockbuster Closing at $18.1M!

And so it begins! Closings at Macklowe Properties/CIM Group's Billionaires' Row blockbuster 432 Park Avenue have officially commenced with its first sale showing an impressive $18.116 million figure, as city records released this afternoon reveal. The unit is #35B, a massive 4,003-square-foot, three-bedroom pad with four-and-a-half baths, a private elevator landing, and 10-foot by 10-foot windows providing southern and western exposures with park views. Documents show that the palatial home was purchased via a LLC, 432 PARKVIEW.
more on the sale and the floor plan here

January 6, 2016

$1.4M for a DIY Duplex on a Heavenly Hell’s Kitchen Block

Tucked into the top two floors of 521 West 47th Street, a 1910 co-op loft building that was once a commercial bakery, "Penthouse C" is a package deal priced at $1.4 million consisting of units #3C and #4C and the roof space above them. The listing calls it an "Extremely rare and exciting 'once in a lifetime' chance to combine two authentic lofts plus the corresponding roof space to create your own 3-4 bedroom 3 bath penthouse," though that may take some doing; in their current form, the two spaces offer two different flavors of loft-y bohemian charm.
Check out this unique space

Distinctive Homes

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

Google Earth rendering from CityRealty showing some of the supertalls around the south end of Central Park

December 31, 2015

Should the City Impose a ‘Window Tax’ for Billionaires’ Row Central Park Views?

"The builders are charging up to $100 million for apartments that offer helicopter views of lush foliage, jagged skylines, soothing rivers and angelic clouds. They lure the superrich, many with suspect foreign assets, to sky-high mansions. They enrich themselves by exploiting weak zoning rules to pour hideous implants into Manhattan cavities." All of this, says Max Frankel, who was the executive editor of The Times from 1986 to 1994 and lives half a block from Central Park, may need some consequences. And he wonders if this should come in the form of a "user fee," where residents of these Billionaires' Row towers would have to pay a monthly "window tax" based on how high in a given tower their unit is located. And according to his "back-of-the-envelope calculations," this could bring in roughly $1 million a year per building for the city to use on public projects like street work, parks, education, and affordable housing.
More details ahead

December 9, 2015

VIDEO: Watch Ironworkers Set Panels on Bjarke Ingels’ Via Tetrahedron

Earlier today, 6sqft announced that Via, aka BIG’s 57th Street tetrahedron, is the winner of the 2015 Building of the Year competition. What likely made the starchitect-designed rental building such a frontrunner is its unusual shape, rising 460 feet from its site. Since progress has been right on track, it's easy to forget that the unconventional form yields some unique design and construction challenges. In this video from from Ironworkers Local 580, who set a Gopro up on the crane, we can see the skill required to set the shimmering panels on the slope wall. We also get a very vertigo-inducing view of the building from its apex looking down.
Watch the full video

December 9, 2015

Revealed: Crowne Plaza Hotel Rises South of Times Square, Boasts Streetwall-Friendly Atrium

Construction is getting vertical on Raber Enterprises' 251-room Crowne Plaza Times Square South. The expected four-star, 118,200-square-foot building at 320 West 36th Street will only be the second in Manhattan to carry the Crowne Plaza flag, whose larger, 795-room location at 1605 Broadway has been operational since 1989. Situated between Seventh and Eighth avenues, the 8,200 square-foot parcel formerly held a parking garage that the team purchased with two other lots in December 2012 for $33.5 million. The metal-clad 28-story tower is designed by Flatiron-based Stonehill & Taylor Architects & Planners and will feature an 85-foot tall base that will thankfully adhere to the consistent streetwall of the Garment District. The base will be clad in corrugated-aluminum and its interior will hold an 80-foot high, galvanized steel atrium containing a restaurant and the reception lobby. The architects note that the metallic aesthetic "celebrates the neighborhood’s manufacturing and transportation hub heritage and also produce a play of light and shadow on the building’s deeply modulated surfaces." Flintlock Construction are the builders, WSP Flack & Kurtz the mechanical engineers and GACE, the structural engineers.
more on the project here

December 3, 2015

Victoria’s Secret Model Isabeli Fontana Tries to Sell Her Central Park South Pad for $2.65M

By Emily Nonko

A pretty apartment for a pretty person: The Italian-Brazilian Victoria's Secret model Isabeli Fontana (who first appeared in the lingerie catalogue at age 16) is selling her two-bedroom co-op at 120 Central Park South (aka the Berkeley House), according to the Observer. She bought the apartment in 2013 for $1.66 million. Previously, the model has lived at Trump Place on Riverside Boulevard and a condo at 88 Greenwich Street. This apartment, which was totally remodeled by Fontana (is that a self portrait we see?), has some good things going for it. It's got lots of windows and views of the park, tons of closet space and some old-world details.
Check it out

November 25, 2015

Historic Palace Theater to Get Raised 29 Feet to Accommodate New Retail Space

At a public hearing yesterday the Landmarks Preservation Commission approved a plan drawn up by Platt Byard Dovell White Architects (PBDW) for Maefield Development to raise the historic 1913 Palace Theater 29 feet in order to accommodate expanded facilities and new retail space underneath. The decision isn't sitting well with preservationists, but the exterior of the theater was replaced in the early 1990s to make way for the 45-story adjacent DoubleTree hotel, and as the Wall Street Journal reports, the actual theater space is an interior landmark and the $2 billion redevelopment project will restore the decorated interior and add 10,000 square feet of theater facilities.
More on the history and future of the Palace Theater

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

Carter Uncut brings New York City’s development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter kicks off a nine-part series, “Skyline Wars,” which will examine the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. To start, Carter zooms in on the biggest developments shaping the southern corridor of Central Park.

November 25, 2015

The Most Important Towers Shaping Central Park’s South Corridor, AKA Billionaires’ Row

By Carter B. Horsley

They did not come from outer space when they landed on our front yard while the NIMBY folk and the city’s planners and preservationists weren’t looking. Some are scrawny. Some are dressed like respectable oldsters. They’re the supertalls and they’re coming to a site near you.
read more here

November 17, 2015

The World’s Largest Display of Miniatures Is Coming to Times Square in 2017

Micro is all the rage in NYC right now, and currently in the works is another teensy project with designs on taking up a less-than-diminutive space in the heart of Times Square. Called Gulliver's Gate, this miniature spectacular will showcase more than 300 buildings, 1,000-plus model trains, cars and planes, and a vast collection of 3D-printed global replicas that include Times Square, Grand Central, and lower Manhattan, to become the biggest Lilliputian installation in the world at 49,000 square feet. According to Crain's, Gulliver's Gate has just signed a 15-year lease for the first and second floors of the former New York Times Building at 216 West 44th Street. The attraction, "the largest, most intricate, most technologically advanced display anywhere" according co-creator Eiran Gazit, will cost $30 million to build.
Find out more here

November 10, 2015

Developers Chop 432 Park’s Full-Floor Apartments Into Smaller, Cheaper Units

Is the city's tallest residential tower seeing a slowdown in sales? Crain's reports that 432 Park developers CIM and Harry Macklowe have begun splitting full-floor apartments at the 1,396-foot-tall tower into two with the hopes of attracting smaller ticket buyers who can't swing $80 million for a posh pad—but wouldn't be opposed to shelling out $40 million. The paper adds that the move "may signal a slowdown in sales for $50 million-plus apartments," particularly as the market gets inundated with ultra-luxe developments. "There is some concern that there aren't enough buyers who can afford apartments priced in the tens of millions of dollars—an increasingly common figure for the latest crop of ultra-luxury condos."
find out more here

November 9, 2015

Seven Floors of One57 Hit the Market for $250 Million

It may not be the penultimate $100 million penthouse, but an investor with enough dough can still make headlines buying into the city's most expensive condo tower. According to the Journal, Extell is selling a block of 38 rentals in its blockbuster One57 for $250 million. The paper writes that unloading the units will bring the developer $3,800 a square foot, or an average of more than $6.5 million per apartment—more than double the $1,800 average of Manhattan condos sold during the third quarter.
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November 4, 2015

220 Central Park South Costs $5,000 Per Foot to Build, Now 50 Percent Sold

Robert A.M. Stern's 220 Central Park South has been keeping us on our toes, from its $1.3 billion construction price tag to its $200+ million penthouse to its lightning fast sales (the building was one-third sold after just six weeks, and it's now more than 50 percent sold even though listings for the 118 units have yet to go public). The latest head-spinner comes courtesy of The Real Deal, who reports that developer Vornado is spending $5,000 per square foot to build the Billionaires' Row blockbuster. The actual land comes out to $1,500 per foot, with the remaining $3,500 per foot going to "hard, soft and financial costs." The total sellout is close to $3 billion, and of the 59+ units that are in contract, 14 were pricier than $50 million.
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Uncategorized

November 3, 2015

The World’s Most Expensive Dollhouse Will Be On Show at Columbus Circle This Month