Midtown

October 15, 2014

75% of Grand Central’s $210M Renovation Money Will Go to the 4, 5, 6 Trains

New York City's most taxed line is about to get a sizable cash infusion. Of the $210 million that developer SL Green Realty has budgeted for improving Grand Central's subway station for the green light to construct a 65-story office tower next door, more than 75% will go toward the Lexington Avenue line, Crain's reports. Yesterday, a 63-page study was delivered to Manhattan's Community Board 5 and to transportation advocates who have called for Midtown East's rezoning to include improvements to transportation infrastructure to meet current demand as well as the influx of nearly 16,000 workers as new lines are drawn. So where exactly will the money go?
Where will the money will go?

October 14, 2014

Billy Joel Unloads Another Apartment at 128 Central Park South

By Annie Doge

Piano man Billy Joel has just sold off his one-bedroom pad at 128 Central Park South for $775,000, according to public records. The sale is the second for Joel at the building, the first being an $11 million deal he struck last year for the two-bedroom, 10,000-square-foot penthouse he once shared with ex-wife Christie Brinkley. The one-bedroom is a comparably modest pad situated on a high floor of the building. An eat-in kitchen, abundant south light and city views are some of the perks, but the listing (now offline) noted that the home needed renovation. The apartment was previously rented out, though Joel and Brinkley did entertain it as a penthouse extension. The transaction was managed by Joel's accountants Gelfand, Rennert and Feldman. Adam Modlin of the Modlin Group brokered the deal.
See the floor plan here

October 13, 2014

Holiday Field Trip: Where to Find Christopher Columbus in NYC

By Dana Schulz

It's easy to forget that Columbus Day is more than just a day off from work (which we're not complaining about), but rather a holiday celebrating Christopher Columbus' arrival in the Americas on October 12, 1942. But if you need reminding, look no further than these memorials scattered around New York City.
Take a tour of where to find Christopher Columbus monuments in NYC

October 6, 2014

Rent the Ultra-Opulent Plaza Pad of Kazakhstan President’s Nephew for $55K a Month

By Annie Doge

Daniyar Nazarbayev, the ultra-rich nephew of Kazakhstan President Nursultan Nazarbayev, is now leasing his equally ultra-luxurious four-bedroom at The Plaza Hotel for $55,000 a month, reports the NYDN. The beautiful 4,200 square foot home is certainly of a presidential caliber and comes dripping with the ornate features and finishes that have become so synonymous with the storied Plaza. With sunny Central Park views from every room and expansive north and west exposures, this home also hosts ceilings highlighted with mosaic stained glass and crystal chandeliers, artistically detailed moldings, a formal dining room, marble entry foyer, and much more—including a helluva lot of international drama to boot.
Inside the embroiled plaza home here

Distinctive Homes

October 3, 2014

One57’s First Flip Sees a $3.5 Million Profit Just Five Months Later

By Diane Pham

The first of what's sure to be many flips at One57 has just netted its seller a respectable $3.45 million profit, just five months after its purchase. According to NYDN, the former owner, Investor Sso Enterprises, paid $30.55 million for the 58th-floor three-bedroom back in May, now selling it off for $34 million to hedge fund manager Harvey Sandler and his wife.
Inside the massive apartment

Real Estate Trends

October 2, 2014

Iconic Rainbow Room Reopens with All Its Former Glitz and Glamour

By Dana Schulz

The Rainbow Room served its first guests on October 3, 1934, and now, almost 80 years later to the day, the historic restaurant and event space has reopened after a restoration by Gabellini Sheppard Architects. Located on the 65th floor of the Raymond Hood-designed 30 Rockefeller Plaza (30 Rock), it was the first restaurant located in a high-rise building and for decades was the highest restaurant in the country. Suffering from a decline in business, the fine-dining establishment closed its doors in 2009. But in 2012, the Rainbow Room was declared an official interior landmark by the Landmarks Preservation Commission (LPC), and a year later it was announced that the storied space would reopen this fall. Right on schedule, the new incarnation of the venue opened last night for a preview by the Sir John Soanes Museum Foundation.
Ogle the landmarked restaurant here

September 30, 2014

Makeshift Mansions: How Today’s Filthy Rich are Creating Homes of Epic Proportions

By Bonnie Clark

For Manhattan’s jet-set crowd, the 2010s are starting to look an awful lot like the 1900s. New York’s upper crust are embracing a return to the Gilded Age, moving out of their fancy penthouses, co-ops and lofts and into opulent single-family mansions. From Aby Rosen’s quest to build the largest private mansion on Park Avenue to Jared Kushner’s conversion of three former Brooklyn Law School buildings into single-family townhouses—the most affluent buyers are now on the hunt for New York’s ultimate trophy prize.
More on makeshift mansions

September 22, 2014

REVEALED: Penthouse Floorplans for Jean Nouvel’s MoMA Tower

By Dana Schulz

Just last week, we announced that the Jean Nouvel-designed MoMA residential tower was finally moving forward, after the purchase of $85 million in air rights and with a new construction loan of $860 million. Now, The Real Deal has obtained penthouse floorplans for the 82-story tower, and they are nothing to sneeze at.
Check out the floorplans and dream about living in a Nouvel-approved penthouse

September 18, 2014

Construction on Jean Nouvel’s MoMA Tower will Finally Move Forward!

By Diane Pham

Hot off the purchase of $85 million in air rights, and with a new construction loan of $860 million in tow, Hines is back on track to bring the Jean Nouvel-designed MoMA residential tower to fruition. According to TRD, Hines just closed on two deals to buy more than 240,000 square feet of development rights from MoMA and the St. Thomas Episcopal Church for $85.3 million.
more here

September 8, 2014

REVEALED: New Skyline Renderings for Nordstrom Tower at 217 West 57th Street

By Dana Schulz

Back in July, we learned that Extell's Nordstrom Tower will rise 1,775 feet–just one foot shorter than One World Trade Center, making it the tallest residential building in the world. Now, New York YIMBY has released renderings of how the 92-story supertall will look against the rest of the skyline. Though official images from Extell haven't been released, these preliminary sneak peeks are pretty impressive.
More on the new development here

August 28, 2014

Impeccably Finished Condo at the Plaza Asks $50 Million

By Aisha Carter

Just weeks after Tommy Hilfiger put his Plaza Hotel estate up for sale, another one is following suit, asking an astronomical $49.5 million, nearly triple the amount it was purchased for back in 2008. However, as ambitious as the price may be, this three-bedroom condo is pretty spectacular. The 3,413-square-foot Art Deco residence has exquisite details, 13-foot ceilings, and stellar views of Central Park—including those of the pond and Gapstow Bridge—from every major room.
Take a look inside this impressive residence

Distinctive Homes

August 21, 2014

Mastering the Master Plan: A Look at NYC’s Planned Neighborhoods

By Dana Schulz

We often think of the street grid as New York's greatest "master plan." Officially known as the Commissioners' Plan of 1811, this put in place the original, gridded street pattern that we still know today. But there have been several other master plans that took shape on a smaller scale within the linear configuration of Manhattan. These planned communities were largely conceived to transform blighted or underutilized areas into suburban enclaves or peaceful oases within the big city. And just like the neighborhoods that grew organically among the street grid, these master-planned areas each have a unique character. They've also influenced a new crop of developments, currently under construction on the West Side and in Brooklyn.
We take a look at planned communities that historically changed the fabric of the city, as well as those on the horizon

August 13, 2014

Curb Appeal: The Psychology of Moving Buyers from Cab to Curb to Contract

By Lauren Price

Great neighborhood? Check. Great apartment? Check. Curb appeal? Killer first impressions can be long lasting — and whether it’s a newly advertised flavor of Ben & Jerry’s, an ad for Tory Burch’s latest shoe collection —or finding new digs, “love at first sight” spot-on marketing moments play a sizeable role in how we make our decisions. Industry experts note that a large percentage of a house hunter's decision to explore a property further than the curb is based the project’s “wow” factor. Truth is, it sets the “perception” stage of what’s to come beyond a grand entrance or swanky lobby that was designed to provide a sense of arrival and belonging. Obviously, at the end of the day, a building’s outside will only persuade potential buyers to see more, and first impressions can vary from one individual to the next, but the “I was meant to live here” moment is fairly universal.
How a building's design tugs at your desire to 'be someone'

August 11, 2014

Tudor City “Castle in the Sky” is Worth a King’s Ransom

By Stephanie Hoina

Even in a city filled with stunning multimillion-dollar residences it is rare to find one that is equally impressive inside as it is out. Well, look no further this two bedroom penthouse at Windsor Tower, 5 Tudor City Place.
Read on to see why the outside of this home rivals its inside

Distinctive Homes

July 30, 2014

Tour Tommy Hilfiger’s Lavish Plaza Penthouse

By Dana Schulz

When we think of Tommy Hilfiger we might imagine him in an all-American, red-white-and-blue outfit, standing in a nautical seashore cottage, but his penthouse at the Plaza couldn't be any more the opposite than this vision. Instead of paintings of beach scenes there are Basquiats and Warhols (20 of the latter, to be exact); rather than white-washed walls there are entire rooms clad in marble; and instead of simple, shabby chic bedrooms there are opulent personal retreats that could fit entire NYC apartments within their footprint. In short, Mr. Hilfiger's city residence is nothing short of regal. He and his wife Dee Ocleppo purchased and combined three separate units in 2008, and they then embarked on a massive renovation of the duplex to emulate the old-world style of the landmarked building.
Take a tour through this magnificent home and see if the couple lived up to goal

July 25, 2014

This Central Park South Apartment Stands Out with a Gaudi-Inspired Ceiling

By Dana Schulz

Ears ringing? Yes, the neighbors are at it already, talking about you and your new swanky new home. Well, that is if you decide to drop the $11.8 million on this 3,050-square-foot apartment at the Trump Parc. Located at 106 Central Park South, this home features a 51-foot, semi-circular great room capped off with an 18-foot, undulating, Gaudi-inspired ceiling that will make even the most jaded real estate aficionados look twice.
Take a tour of the rest of this pad

Distinctive Homes

July 22, 2014

Landmarks Deems S.L. Green’s One Vanderbilt Tower ‘Appropriate’ for Its Grand Central Site, Others Not Happy

By Carter B. Horsley

The New York City Landmarks Preservation Commission held a hearing today on a proposal by S.L. Green to build a huge tower on the northwest corner of Vanderbilt Avenue and 42nd Street directly across from Grand Central Terminal. The proposal before the commission was an application for a “certificate of appropriateness” for a transfer of air rights from the former Bowery Savings Bank Building at 110 East 42nd Street between Park and Lexington Avenues. The developers of S.L. Green made their moves by wooing Landmarks with renderings of Kohn Pedersen Fox-designed tower which would be 1,350 feet tall not counting a 100-foot-high spire—this is significantly higher than the Chrysler Building on the northeast corner of Lexington Avenue and 42nd Street and higher than all the supertalls in construction or planned for 57th Street.
Reactions from the hearing this way

July 21, 2014

LOT-EK Turns a Humble Shipping Container Into an Ultra Cool Penthouse with Empire State Views

By Dana Schulz

We've seen Manhattanites do all kinds of crazy and creative things to maximize space—from turning their ovens into closets to lofting entire rooms—but the Guzman Penthouse by LOT-EK is one of our favorite transformations. To expand this penthouse residence, LOT-EK revamped an old mechanical room, added a 20-foot shipping container to serve as the master bedroom, and created a spacious rooftop patio, all of which sit on top of the building with jaw-dropping Empire State Building views.
You can't miss the rest of this one-of-a-kind home

July 17, 2014

Oasis Singer Liam Gallagher Puts His Essex House Condo on the Market

By Aisha Carter

If his home is any indication, we’re guessing Oasis frontman Liam Gallagher loves animal prints as much as he loves Great Britain. According to the NY Post, the singer and his brother Noel have just put their Essex House condo up for sale for $4 million with Douglas Elliman agents Oren and Tal Alexander.
Take a look inside the Oasis singer's pad here

July 11, 2014

NYC Events 7/11: Art Battle in Staten Island; Tour the Woolworth Building

By Lori Zimmer

This week, we've got a well-rounded roster of events for you, spanning from sticker art to rare architecture to dance and film. Pay a visit to one of our fair city's oft forgotten boroughs and sail the high seas on over to Staten Island for Saturday's take over, which will transform Artist Alley into a festival of live art making, drinks, and music. Next week, break out the picnic blanket and catch a free summer flick in Midtown's best park, or wake yourself up with not only a coffee and fresh juice, but a raging (pre-work) dance party. Treat your architectural side to a private tour of very private sites—the newly renovated United Nations chambers or the closed-to-the-public lobby of the Woolworth building—and then finish the week off by satiating your inner modern art nerd with the contemporary abstractions of Carly Ivan Garcia.
All the best events here

July 9, 2014

Parkview Developers Ian Reisner and Mati Weiderpass Sell Southmoor House Penthouse for $11.9 Million

By Aisha Carter

It appears that Ian Reisner and Mati Weiderpass of Parkview Developers have sold one of their Southmoor House penthouses. The 17-floor building serves as more than just home to the Out Hotel developers. It’s also headquarters for their company. And like true developers, they own a big chunk of the building, making them one of the co-op’s biggest shareholders. While the newly troubled pair seems quite committed to their own symmetrical pad—turning down a $15.5 million cash offer a few years back without batting an eyelash—that doesn’t stop them from making serious bank on some other units. And you won't hear us complaining, because that means we get to check out this 3BR/3BA penthouse.
Take a look inside this premier pad here

June 30, 2014

New York Public Library Will Go High Tech with Its $300 Million Renovation

By Diane Pham

Norman Foster's design for the New York Public Library (NYPL) may have been scrapped, but the library isn't giving up on the opportunity to turn its space into an innovative learning hub. As the NYPL gears up for a new $300 million renovation plan, they're turning to a very unlikely locale for their inspiration: The South. The NYPL is using two high-tech libraries in Tennessee and North Carolina as models for their new spaces at the Schwarzman building and the highly trafficked Mid-Manhattan branch across the street. The renovation will be geared towards the needs of teachers, students and entrepreneurs, and will be designed to support collaborative pursuits within the library walls.
More on the NYPL's new plans here

Architecture And Design

June 27, 2014

NYC Events 6/30: Jeff Koons at Rockefeller and the Whitney; Say ‘Oui’ with Air France This Weekend

By Lori Zimmer

We welcome this second week of summer with open arms as the warm weather we've been oh so patiently waiting for brings with it plenty of amazing art and design events happening outdoors (and in). This week, Jeff Koons descends upon New York, first hitting up Rockefeller Center with his giant living floral sculpture, Split Rocker, then rounding out this verdant new work with a full on retrospective at the Whitney's Upper East Side Breuer Building. But if you just want to relax and recline (literally), Air France will be kicking off the weekend by bringing a little bit of Paris to New York. Three days of French flavor are planned for anyone who wants to partake, and guests will get to indulge in delicious food and drink and even take French lessons while lounging in one of Air France's first class chairs. C'est bon!
All the best events here

June 23, 2014

Sitting Pretty: Beautiful and Unique Benches in New York City

By Jason Carpenter

On an average workday in New York, over 3.9 million people crowd onto the tiny island of Manhattan. That’s a lot of behinds needing a seat, and the city provides plenty of those in the form of benches. But not all benches are created equal. There are gems hidden in every borough – beautiful, funky, unique slabs for you to sit on this summer.
See more fantastic benches here

Architecture And Design

June 21, 2014

Giant Rocking Horse Head Sculpture by Jeff Koons Going Up at Rockefeller Center

By Annie Doge

Is it a giant rat? A horse? A dinosaur? Those passing by 30 Rock over the past week and a half have probably been wondering what's going up in the famed plaza (at least we have). Word has it that Jeff Koons is back in the 'hood, this time with a massive sculpture of a pony, or "Split-Rocker", grafted in living flowers and complete with an internal irrigation system. Editor's note 8/27: This article has been updated to show the completed work, seen above.
Find out more about the work here

June 18, 2014

Caveat to DeBlasio’s Grand Central Terminal Area Rezoning Would Require Special Permit for New Hotels

By Stephanie Hoina

The impetus behind the rezoning plan allowing taller towers in the blocks surrounding Grand Central Terminal - specifically the five blocks of Vanderbilt Avenue from East 42nd Street to East 47th Street - is to keep New York competitive with office development in other major cities like London and Shanghai. However, according to the Wall Street Journal, the hotel-workers union, which had a key role in the demise of a similar proposal under former Mayor Michael Bloomberg, has flexed its muscles once again, seeking a concession that would require any new hotels to receive a special permit from the City Planning Commission and the City Council.
More details on the rezoning here

Real Estate Trends

June 13, 2014

GLUCK+’s Showstopping Facade on This Midtown Townhouse Hides a Space-Efficient Home

By Patty Lee

There's no doubt that the aluminium facade of this Midtown townhouse is a showstopper. Set between two traditional red brick homes on East 51st Street, the building's shiny, punctuated front is sure to get every passersby's attention. But it wasn't designed just to become talk of the town — it's also meant to give the owners some much-needed privacy.
The interiors are just as unique

The Greenwich by Rafael Vinoly

125 Greenwich Street

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