Midtown

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

By Michelle Cohen

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?

By Dana Schulz

"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

By Dana Schulz

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

By Ondel Hylton

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

By Dana Schulz

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

By Diane Pham

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

By Diane Pham

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

By Diane Pham

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.
FInd out more

November 4, 2015

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

By Dana Schulz

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.
READ MORE

Uncategorized

November 3, 2015

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

By Diane Pham

If you think Manhattan condos are pricey, feast your eyes on the world's most expensive dollhouse! Valued at $8.5 million, The Astolat Dollhouse Castle is a 29-room micro-mansion that's been is filled to the brim with 10,000 painstakingly crafted miniatures that include "elaborate furniture, oil paintings, mirrors, fireplaces, gold miniature jewelry, rare-mini books more than 100 years old, fine rugs, fabrics, and pieces made of and silver and gold." Sound too absurd to be true? Well, you can check out this pricey and petite pad up close and personal starting this month. The Shops of Columbus Circle at Time Warner Center (TWC) will be showing the dollhouse for the first time ever since it was built in the 1980s.
Find out more here

November 2, 2015

Rafael Viñoly’s 432 Park Reportedly Showing Cracks in Its 1,400-Foot Facade

By Diane Pham

Is the Western Hemisphere's tallest residential tower already experiencing some construction defects? According to a recent blog post by real estate author Michael Gross (h/t Curbed), 432 Park Avenue is showing signs of wear. Gross writes that "Two unconnected sources confirm that the architectural concrete that covers the poured concrete tower has already developed cracks, and that scaffolds hanging from the pillar in recent weeks were there because Nicholson Galloway, a top masonry restoration company, was hired to coat the structure with some 'nasty stuff,' as one of those sources puts it, called Silane that will seal those fissures."
find out more

November 2, 2015

One Bedroom Co-op at the Beekman Hill House Is the Ideal Starter Apartment

By Emily Nonko

Ah, the New York starter apartment. First-time buyers who don't have millions to spend are always on the lookout for the perfect one–something relatively affordable, charming, and not too small. This can especially be a challenge when buyers have prioritized a central Manhattan location. But among the sea of multi-million dollar condos, there's still a decent selection of more affordable one-bedroom co-ops throughout Manhattan, usually in larger prewar buildings. This particular apartment is located at the Beekman Hill House co-op, a 64-unit building built in 1930 at 425 East 51st Street. It's a decently-sized one bedroom with colorful charm, and it was just listed for $725,000.
Check it out

Distinctive Homes

October 28, 2015

VIDEO: Ride the Elevator Up to the Marriott Marquis’ Secret 55th Floor

By Diane Pham

The Marriott Marquis may not have the illustrious, storied past of NYC's landmarked hotels like The Plaza or the Algonquin, but that doesn't mean it doesn't keep its fair share of secrets. As you probably know, the Times Square locale is famous for its spectacular high-tech Schindler Miconic 10 elevators which zip passengers up and down the building while offering incredible views over the hotel's massive atrium lobby below. While the building is said to be just 48 floors tall, rumor has it there's actually a secret 55th floor that no regular person has been to before. Could it be true? One intrepid guest of the Marriott was daring enough to find out.
check it out here

October 27, 2015

REVEALED: Interior Renderings of Norman Foster’s Skinny Seagram-Neighboring Condo Tower

By Diane Pham

Norman Foster is a master when it comes to contextual thoughtfulness, and his latest creation slated to rise next door to Mies van der Rohe's iconic Seagram Building is one to be admired. Called One Hundred East Fifty Third Street (it takes its name from its address), the 63-story tower has just released a new set of interior renderings to Dezeen which show what the world's richest will be snapping up when units hit the market next week.
Have a closer look inside

October 26, 2015

Check Out the Views From 1,438 Feet in the Air at 111 West 57th Street

By Ondel Hylton

Last week, 6sqft brought you an up close and personal look at 111 West 57th Street's exterior facade mock-up, and now Property Markets Group (PMG), who is co-developing the super-tower with JDS Development Group, posted a nifty interactive panorama of the building's out-of-this-world views. Rising from the heart of Billionaires' Row (New York's very own Mount Olympus and preferred residence of our anonymous overlords), the building is 80 stories and 1,438 feet high and is nearly perfectly on axis to Central Park–an egotistical perk that Extell's Central Park Tower and Macklowe/CIM Group's 432 Park aren't granted despite having higher apartments.
This way for the views

October 21, 2015

A Behind the Scenes Look at How SHoP’s Stunning Facade at 111 West 57th Street Will Come to Life

By Ondel Hylton

Last month, JDS Development wowed us with an image showing a visual curtain wall mockup of their super-tower underway at 111 West 57th Street. Now the Michael Stern-led development team in partnership with Property Markets Group has released a new video and a handful of images to keep our mouths watering for what is poised to become New York's most daring skyscraper in generations. Designed by the local talents at ShoP Architects, the tower has already nervously impressed us with its extraordinary height of 1,438 feet and its jaw-dropping slenderness (a ratio of 1:24). Now that its engineers, the WSP Group, and the Times have thoroughly convinced us that the building will not fall over, we can focus our attention on the tower's elegantly detailed facade, composed of a feathery mix of terra-cotta, bronze, and glass. A recent video posted by JDS provides us with more glimpses of the cladding, a time-lapse video of how the facade will transform throughout the day, as well as some behind-the-scenes insight of the extraordinary undertaking involved to sheath this future landmark.
Watch the video and get more details

September 29, 2015

Owner of Grand Central Sues City and One Vanderbilt Developer for $1.1 Billion

By Diane Pham

Grand Central owner Andrew Penson is back in the news again, this time suing the city and One Vanderbilt developer SL Green for a princely sum of $1.1 billion. As the NY Times reports, Penson is claiming that the 65-story behemoth slated to rise next door to the historic structure has led to the devaluation of his air rights atop the terminal. Penson claims that the de Blasio administration, the City Council and SL Green "deprived him of his property rights when the city gave SL Green permission to build a 1,501-foot tall office tower, without having to buy any air rights from him." By allowing for a tower twice the size of what was zoned for the block "for free" (but really, in exchange for a $220M investment into the subway infrastructure beneath Grand Central), his air rights have been rendered "worthless."
More on the lawsuit here

Real Estate Trends

September 27, 2015

This $6,500/Month Murray Hill Rental Says City Apartment in Front, Suburban House in Back

By Michelle Cohen

Here's a NYC apartment that's thoroughly Manhattan, but, if you're standing in the right spot, could be any suburban home. Located in a bustling East Side spot that's either Gramercy, Kips Bay, Murray Hill or Midtown South, depending on whom you talk to, this two-bedroom garden condop at 242 East 25th Street just hit the rental market for $6,500/month. And if you can't bear to part with it, you're in luck, it's also for sale (asking $1.995 million). The apartment is only 939 square feet, but it's well-configured, with bedrooms on either side of spacious common areas–and, more importantly, one of those areas is a glass-walled solarium that overlooks a 785-square-foot private deck and backyard that extends your space in a way most New Yorkers envy.
See more

Distinctive Homes

September 22, 2015

SHoP’s Billionaires’ Row Supertall Gets a Spectacular Real-Life Mockup

By Diane Pham

Rendering versus reality? SHoP can certainly boast that the real thing will look as good, if not better, than the drawings they've put out. Yesterday afternoon, JDS Development Instagrammed (h/t Curbed) an amazing shot of a scale model facade of their ultra-skinny tower going up at 111 West 57th Street. The mockup features the same materials and finishes that will be applied to the actual construction, and by any stretch of the imagination, if you multiply this beauty's terracotta, glass, and bronze filigree to its 1,428-foot potential, it will certainly be one of the city's most striking buildings. Who says architects don't care about detail anymore?
More this way

Architecture And Design

September 17, 2015

New York Public Library Hires Dutch Architecture Firm Mecanoo to Lead Renovation

By Dana Schulz

On Tuesday, news surfaced that eight architecture firms were being considered for the redesign of the New York Public Library's main branch, the landmarked Stephen A. Schwarzman Building on 42nd Street, one of whom was starchitect Bjarke Ingels. The list also included Ennead Architects, Studio Gang Architects, and Robert A.M. Stern Architects. One name that wasn't mentioned, however, was the Dutch firm Mecanoo, but the New York Times is reporting that the architects from the Netherlands have been selected by the library to lead the $300 million renovation, which also includes a complete overhaul of the Mid-Manhattan branch at Fifth Avenue and 40th Street.
More details ahead

Architecture And Design

September 17, 2015

First Renderings of Moshe Safdie’s 800-Foot Bancroft Building Replacement Revealed

By Diane Pham

Plans for the Bancroft Building have been ultra-hush with much speculation swirling around the design that would ultimately replace the recently demolished, and much beloved, landmark building. But now, the NY Post has the first official rendering of the luxury condo tower that could rise in place of the historic structure located on a block-through site between West 29th and West 30th streets. Though 6sqft was previously told by reps of the development that the rendering seen here was in no way an affiliated project, the two designs do remain visually similar.
more details here

September 15, 2015

Is Bjarke Ingels Redesigning the New York Public Library Flagship?

By Diane Pham

Bjarke Ingels is most certainly on his way to New York architectural greatness, and scattered on the path behind him are the remains of Norman Foster's abandoned designs. Curbed has caught wind that the baby-faced starchitect is currently being considered for the redesign of the New York Public Library's landmarked Stephen A. Schwarzman Building on 42nd Street. Yesterday afternoon, Theodore Grunewald, Vice President of the Committee to Save the New York Public Library, tweeted that both Bjarke Ingels and Ennead Architects were among the eight finalists being considered for the project—a list that also includes Studio Gang Architects and Robert A.M. Stern Architects.
Find out more here

Architecture And Design

September 14, 2015

VIDEO: Take a Sweeping Drone Tour of Bjarke Ingels’ West Side Pyramid

By Diane Pham

Few NYC projects are as architecturally exciting as the massive tetrahedron on the rise along West 57th Street. The design, which is the creation of starchitect-of-the-moment Bjarke Ingels, will soar 460-feet from its site (fun fact: the Great Pyramid of Giza stands 455 feet tall) and is slated for completion later this year. While the final form can already be appreciated by passersby from street level at this point—the architect has by now led camera crews through what he calls the "courtscraper" ("the lovechild of a courtyard building and a skyscraper," to be exact)—here's a spectacular, and quite poetic we might add, new video produced by Dark Horse that gives us expansive ariel views of the whole thing through the eye of a drone.
watch the drone tour here

Times Square Characters and Performers May Get Confined to Designated ‘Activity Areas’

Map courtesy of the Times Square Alliance

September 11, 2015

Times Square Characters and Performers May Get Confined to Designated ‘Activity Areas’

By Dana Schulz

It looks like Mayor de Blasio's wish of coralling the costumed characters and topless performers in Times Square may be coming true. The Daily News reports that the Times Square Alliance has endorsed the "Times Square Commons" plan, which Manhattan Borough President Gale Brewer and Councilmen Daniel Garodnick and Corey Johnson publicized in an op-ed in the paper yesterday. The proposal would rezone Times Square's pedestrian plaza so that instead of being mapped as a street it would become a special district called Times Square Commons. This area would be divided into three zones: general civic zones, which would feature tables and chairs and arts events; pedestrian traffic flow zones, areas to walk with no physical obstructions; and the aforementioned designated activity zones, small slivers of space that "would allow any activity involving the immediate exchange of money for goods, services or entertainment."
More this way

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323 Bergen Street

Boerum Hill

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studios starting at $825,000
1 beds starting at $1,200,000
2 beds starting at $1,925,000
3 beds starting at $3,050,000
4 beds starting at $6,000,000

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