Rendering via Witkoff
Just a week after Manhattan’s Community Board 5 called for a moratorium on shadow-casting Central Park skyscrapers taller than 600 feet, renderings have been revealed for the next supertall tower coming to the periphery of the park. New York Yimby first spotted the images for 1 Park Lane, the 1,210-foot-tall glassy condo that will replace the Helmsley Park Lane Hotel at 36 Central Park South and become the fourth-tallest residential building in the city.
Developed by Witkoff, 1 Park Lane will join the billionaires’ row ranks of 1,397-foot-tall 432 Park Avenue, 1,421-foot-tall 111 West 57th Street, and 217 West 57th Street, which is expected to top out around 1,800 feet. As Yimby notes, its location towards the east side of the park “will also help bridge the gap in the skyline between the larger towers of 57th Street, and buildings like 53 West 53rd Street, One57, and 220 Central Park South, which will all stand within 50 feet of the 1,000-foot mark.” However, 1 Park Lane will likely block some of 53 West 53rd Street’s (the MoMA Tower) Central Park views.
The new luxury tower designed by Handel Architects will have around 88 condos, all of which will feature private terraces. The windows will be 10 x 14 feet, and the ceilings will reach 15.5 feet. The entire building will measure 350,000 square feet according to documents, totaling $1.7 billion in construction with an expected revenue of $2.3 billion. This sellout will be greater than $8,500/square foot, as prices will range from $7,000 to $13,000 per square foot.
The existing Helmsley Building, which was denied landmarks status in October, will only remain as a completely gutted foyer. Amenities will occupy 40,000 square feet and include a library, playroom, spa, private restaurant, 100-foot pool, and a private porte-cochere. It’s expected to be completed in 2020.
[Via NY Yimby]
All renderings via Witkoff
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Neighborhoods : Central Park South