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The lucky residents of Bjarke Ingels' Via 57 West tetrahedron will not only get starchitecture bragging rights and access to the 22,000-square-foot courtyard and amenities such as a swimming pool and gold simulator, but they'll also have a state-of-the-art, eight-screen movie theater right in the building. According to the Wall Street Journal, the Durst Organization has teamed up with Landmark Theatres, owned by billionaire entrepreneurs Todd Wagner and Mark Cuban of "Shark Tank" fame. The 30,000-square-foot theater will take up residency within the 45,000 square feet of ground-floor retail space in Via, which will also welcome the American Kennel Club’s dog-care center and a location from Livanos Restaurant Group.
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July 11, 2016

The Evolution of Related Companies: From Affordable Housing to Hudson Yards

By Emily Nonko

There’s only one developer in New York currently tasked with building an entire city neighborhood, and that’s the Related Cos. In 2008, Related embarked on Hudson Yards, a type of project never before tackled in New York—28 acres of apartments, office space, retail, parkland (and a subway stop, to boot) on top of the West […]

July 1, 2016

Own a Collection of Eight Private Islands off the Connecticut Coast for $78 Million

Hey, big spender...before you close on that trophy penthouse condo or townhouse duo, take a look at this extraordinary listing. When you've got billions–or even lots of millions–your real estate options are many. From a penthouse in the sky in a Billionaire's Row skyscraper to a townhouse or two on the Upper East Side or a Hamptons manse with acres of beachfront property, modern-day palaces await. For that eight-figure outlay, this listing is unusual even among the real estate deals of the superrich. The Post tells us of a private archipelago off the Connecticut coastline, owned by Christine and Edmund Stoecklein, on the market for $78 million. Known as the Thimble Islands, this surprising collection of eight islands boasts beautiful restored 19th century mansions, pools, guest houses, docking for yachts both small and large, a commercial-level greenhouse facility, tennis courts and a golf putting green and tees designed by Jack Nicklaus. The property is at most a ten-minute boat ride from the Connecticut shoreline or a twenty minute helicopter jaunt from Manhattan.
What you'll find on these secret island enclaves

June 16, 2016

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

By Annie Doge

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.
more here

June 14, 2016

Check Out the Manhattan Skyline in 2020! New Development Sales to Hit $8.4B This Year

As part of their Manhattan New Development Report, CityRealty has released a trio of skyline renderings that show how the city will appear in 2020 -- looking south from the Lower East Side, north from the tip of the island, and of course, down on Central Park South's Billionaires' Row. The eye-popping images underscore the fact that new developments have been "markedly above the average price of all other Manhattan condos since 2013." The average sales price in new developments is expected to hit $4.4 million this year and $5.7 million by 2018. By comparison, the expected average price of a non-new development condo for 2016 is $2.65 million. Moreover, new development sales totaled $5.4 billion last year, up from 2014's $4.1 billion. This figure is expected to reach $8.4 billion this year and more than $10 billion by 2018.
See all the renderings and find out which buildings are leading the pack

June 14, 2016

Landmarks Approves Roman Abramovich’s $80M UES Makeshift Mansion

Russian billionaire Roman Abramovich started assembling his $78 million trio of Upper East Side townhouses at 11-15 East 75th Street back in January of 2015, but it wasn't until this past March that he first released his proposal to combine the townhouses into a giant mansion. The Department of Buildings rejected his initial, $6 million proposal, which called for "an 18,255-square-foot mansion with a six-foot front yard, 30-foot backyard, and pool in the cellar," as 6sqft previously reported. But since the homes are located within the Upper East Side Historic District, it's the Landmarks Preservation Commission who has the final say. The LPC also rejected Abramovich's first proposal in April, but today they reviewed and approved a revised plan from his architect Steven Wang, along with big-name firm Herzog & de Meuron as design consultant. It calls for a modified restoration of the current facades and the removal of the rear yard building elements to be replaced with a garden and new glass facade that unites the three homes.
More details this way

June 11, 2016

Weekly Highlights: Top Picks From the 6sqft Staff

Brooklyn Design Firm Creates Dramatic Living Spaces Inside a Williamsburg Loft Another Luxury Development May Rise on Billionaires’ Row New ‘Solar Canopy’ Can Be Installed Atop Any NYC Building to Provide Solar Power Apply Now For 63 Affordable Units Next to Woodlawn Cemetery, Starting at $865/Month Sarah Jessica Parker and Matthew Broderick Pay $34.5M for […]

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June 10, 2016

Archilier Architects Design Empire State Building-Sized Tower for Former Subway Inn Site

By Ondel Hylton

Earlier this year, 6sqft showed you new renderings of Archilier Architects' "Hudson Rise" mixed-use skyscraper planned for Manhattan's west side. Now the design firm has published their vision for a soaring, super-thin supertall at the former site of beloved dive bar Subway Inn at 151 East 60th Street. Kuafu Properties owns the 28,619-square-foot, six-building assemblage at 143-161 East 60th Street between Lexington and Third Avenues, which they acquired from the World Wide Group last year for $300 million, according to The Real Deal. Kuafu is one of the developers behind the Archilier-designed Hudson Rise development, thus these released renderings may indeed be working images of the planned project. The slender tower shown would encompass 411,700 gross square feet of area and rise 1,240 feet high, just 10 feet shy of the Empire State Building's height of 1,250 feet, despite containing just one-fifth of the floor space. The tower would technically be the tallest building on the Upper East Side (by far), but would be 158 feet shorter than nearby 432 Park Avenue in Midtown.
More details ahead

June 7, 2016

Rendering Revealed of Midtown’s $20,000/Month Assisted Living Facility

It's being called the "One57 of Assisted Living," and though the location near Billionaires' Row and the exorbitant price points (rooms are expected to start at $20,000 a month, not covered by insurance) back up that claim, the team behind the project describes the building's design as being inspired "by classic Park Avenue apartment houses." The Wall Street Journal brings the first official rendering of the 15-story structure that will rise at the northeast corner of East 56th Street and Lexington Avenue, replacing a T.G.I. Friday’s restaurant to offer assisted-living and memory-care services to wealthy Manhattanites. Designed by SLCE Architects, it will feature private apartments, some of which will have terraces. "This is a place where these people can be reminded of things in their past, potentially by the design of the building and by the location of the building and have a significantly better quality of life," said Thomas DeRosa of co-developer Welltower Inc., clearly referring to nearby Park Avenue dwellers.
Find out more here

New Developments

June 3, 2016

45 East 22nd Street Tops Out, Officially Tallest Skyscraper Between Midtown and Downtown

By Ondel Hylton

Who would have thought the most alluring residential skyscraper addition to the city's post-recession boom would not rise in Midtown, near its overly-discussed Billionaires' Row, or near the city's historical skyscraper center, the Financial District, but rather smack dab between the two at 45 East 22nd Street in the Flatiron. Overlooking Madison Square Park and its turn-of-the-century engineering marvels--the Flatiron Building and Metropolitan Life Building--the svelte glass spire has fully ascended to its full 65-story, 777-foot peak. A malnourished baby on the world stage, the building's height is less than a third of the world's tallest building and will contain a paltry 83 condominium units priced from $2.5 million for a one-bedroom to $38 million for one of its two penthouses.
More on the building this way

Donald Trump’s Stake in Two Major Towers Came From a Lost Battle With China

1290 Avenue of the Americas in NYC (L); 555 California Street, formerly Bank of America Center, in San Francisco (R); Images courtesy of Vornado

June 1, 2016

Donald Trump’s Stake in Two Major Towers Came From a Lost Battle With China

When Donald Trump made an attempt to own the Empire State Building, he partnered with a foreign real estate investor, in this case from Japan. But it ended in a lawsuit and a public smear campaign before he ultimately sold back his stake. A similar turn of events surrounded his dealings with another high-profile Midtown building and related San Francisco tower; you may recall this quote from the day he announced his candidacy: "I beat China all the time. I own a big chunk of the Bank of America building and 1290 Avenue of the Americas that I got from China in a war. Very valuable." As the Times explains, the battle may not have gone down quite like the Donald says, with him schmoozing his way to the top and eventually waging a losing legal battle.
The full story ahead

Richard Meier Flips Favored Palette from Ivory to Ebony for Developer Pal’s Turtle Bay Tower

Photo: Rendering of 685 First Avenue designed by architect Richard Meier for developer Sheldon Solow VIZE/RICHARD MEIER & PARTNERS ARCHITECTS

May 19, 2016

Richard Meier Flips Favored Palette from Ivory to Ebony for Developer Pal’s Turtle Bay Tower

Pritzker Prize-winning architect Richard Meier has long been known for his modestly-scaled building designs with exteriors on the whiter side of pale. But for developer Sheldon Solow's new 42-story 556-unit residential building, currently under construction at East 39th Street and First Avenue on Manhattan's East Side, the New York Five starchitect will be designing a tower of black glass. The developer will be unveiling a residential tower, Meier's tallest and largest in New York City, according to the Wall Street Journal, that will consist of a rectangular slab with a recessed niche above the midsection, "a polished specimen of neo-Modernist simplicty" in typical Meier fashion–except it will be clad in glassy black. The mix seems to perfectly represent a collaboration between old friends and East Hampton near-neighbors Meier and Solow, who has pointed out that "All my buildings are black."
Find out more about the new rental, condo and commercial project

May 19, 2016

Madison Equities Files Permit for 1,115-Foot Supertall Condo in the Financial District

By Ondel Hylton

Madison Equities and Pizzarotti Group filed a new building application yesterday to construct a 1,115-foot supertall skyscraper at 45 Broad Street in the heart of the Financial District. When finished, reportedly in 2018 (good luck with that), the tower will be the second tallest building in lower Manhattan after 1 WTC, and the sixth tallest in the city. As detailed by the application, the tower will comprise 371,634 gross square-feet of floor area spread across 66 floors. Listed are 150 units, a bit less than the 245 condo-residences Pizzarotti CEO, Rance MacFarland said there would be earlier this year. Supposedly, the building will cater to "entry- and mid-level buyers" with relatively conservative prices of below $2,000 per square foot on average. To afford the maximum amount of residences with coveted views of the harbor and the skyline, apartments will begin on the 15th floor where they are configured at four-units per floor up to the 33rd level. Floors 35-51, 53,55 and 57 will have three units per floor and floors 52, 54, and 58 just two units. Floors 61 and 62 will host two duplex aeries and the uppermost residential floor, 62, will house a single full floor penthouse that will be the highest residence in hemisphere outside of Billionaires' Row. Amenities on the lower, view-deprived floors will include a 60-foot indoor lap pool, a gym, a garden, a pet spa, a game room, bike room and other entertainment areas.
find out more here

May 16, 2016

Not Tall Enough! On the World’s Stage, New York’s Supertalls Are Ungraceful Runts

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Ahead, Carter brings us his ninth and final installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter takes at aim the quality of design of those towers rising around the city right now, and how they fail to inspire when compared to those found internationally. The explosive transformation of the New York City skyline now underway is occurring without any plan in a very haphazard fashion. Some of the new towers are not ugly but compared to many new ones elsewhere, especially those that are free-standing, they’re not going to win many top honors. Many are very thin, mid-block incursions. Others arrogantly abut and loom over landmarks with nary a thought to context. Some clearly are aimed at one-percenters and offer lavish amenities and layouts. But many others are squeezing potential residents like sardines into very small apartments in attempts to set new “density” records.
The towers that got it wrong, and right

Architecture And Design

May 11, 2016

Skyline Wars: Accounting for New York’s Stray Supertalls

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Ahead, Carter brings us his eighth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at the "stray" supertalls rising in low slung neighborhoods. Most of the city’s recent supertall developments have occurred in traditional high-rise commercial districts such as the Financial District, the Plaza District, downtown Brooklyn and Long Island City. Some are also sprouting in new districts such as the Hudson Yards in far West Midtown. There are, however, some isolated "stray" supertalls that are rising up in relatively virgin tall territories, such as next to the Manhattan Bridge on the Lower East Side and Sutton Place.
read more from carter here

Architecture And Design

May 11, 2016

The ‘One57 of Assisted Living’ Will Charge Seniors $20,000 a Month

Luxury isn't exactly the word that comes to mind when one thinks of a T.G.I. Friday's, or an assisted living development for that matter, but the chain restaurant's midtown location will soon yield the "One57 of Assisted Living." Bloomberg reports that Welltower Inc., the country's largest senior-housing owner by market value, teamed up with developer Hines (who is also behind the nearby MoMA Tower) to purchase the site at 56th Street and Lexington Avenue, just a few short blocks from Billionaires' Row and the prestige of Park Avenue, where they'll build a 15-story tower "to accommodate wealthy Manhattanites in need of assisted-living and memory-care services." And wealthy is not an understatement -- monthly rents will start at $20,000, and keep in mind that this isn't covered by insurance.
More details ahead

New Developments

May 5, 2016

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

For over a year, it's been a guessing game with just how expensive 220 Central Park South's penthouse will actually be. Initial murmurings put the price at $175 million, but later reports that claimed hedge fund tycoon Ken Griffin was the buyer upped it to $200 million. The guessing is over, though, as The Real Deal has obtained an amended offering plan filed with the New York Attorney General, which shows that the 23,000-square-foot, four-floor "billionaire's bunker" will cost a mind-boggling $250 million (or $11,000 per square foot), making it by far the city's most expensive apartment.
Check out the insane floorplans

Uncategorized

May 4, 2016

432 Park Avenue Reveals Glowing White Cube for Retail Space

While most of the news surrounding Rafael Viñoly's iconic 432 Park Avenue has been about big ticket closings at the Billionaire's Row blockbuster with a $3.1 billion projected sellout, developer Macklowe has revealed more about what the news-making skyscraper's 130,000 square feet of retail and office space, divided over several floors, will look like. Adding an even more attention-getting element to the tower, a portion of the building's retail space will be located in a two-story white glass cube at the corner of East 57th Street and Park Avenue.
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April 25, 2016

FiDi Residents Get the Largest Tax Returns in the City, According to the IRS

It's time for Uncle Sam to start writing tax refund checks, and according to the IRS he'll be shelling out the most in the Financial District. As the Post reports, "One-percenters living in the Financial District have the highest taxable income, the biggest tax bills and get the largest refunds in New York City." Though zip codes 10012 and 10013 (which make up parts of the West Village, Soho, Tribeca and the Lower East Side) are the most expensive in terms of real estate, it's FiDi's 10005 that is the richest in terms of earnings. The average annual taxable income for residents here is $948,979, and they pay $254,835 in taxes and get refunded $74,079.
Which other neighborhoods topped the list?

City Living

April 20, 2016

Skyline Wars: Brooklyn Enters the Supertall Race

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Here, Carter brings us his fifth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at Brooklyn's once demure skyline, soon to be Manhattan's rival. Downtown Brooklyn has had a modest but pleasant skyline highlighted by the 350-foot-high Court & Remsen Building and the 343-foot-high great ornate terraces of 75 Livingston Street, both erected in 1926, and the 462-foot-high flat top of the 1927 Montague Court Building. The borough’s tallest building, however, was the great 514-foot-high dome of the 1929 Williamsburg Savings Bank Tower, now known as One Hanson Place, a bit removed to the east from Downtown Brooklyn. It remained as the borough’s tallest for a very long time, from 1929 until 2009. A flurry of new towers in recent years has significantly enlarged Brooklyn’s skyline. Since 2008, nine new towers higher than 359 feet have sprouted there, in large part as a result of a rezoning by the city in 2007. A few other towers have also given its riverfront an impressive frontage. Whereas in the past the vast majority of towers were clustered about Borough Hall downtown, now there are several clusters with some around the Brooklyn Academy of Music and the former Williamsburg Savings Bank Tower and some around the Williamsburg riverfront.
more on Brooklyn's skyline here

April 19, 2016

This Map Visualizes Manhattan As a (Unimpressive) Mountain

The Manhattan skyline is inarguably getting taller and taller, and when we look up at the towering behemoths surrounding us, it's easy to feel completely dwarfed. But this man-made landscape pales in comparison to the soaring heights of many natural wonders. That's where this cool visualization from Vivid Maps comes in. "If Manhattan was a mountain..." uses the height of the city's buildings and plots them as a mountain topography map, using actual geologic monikers like Greenwich Valley, One World Trade Center Peak, and Bellevue Plateau. As you can see, save for the Financial District and Billionaires' Row areas, Manhattan mountain is actually quite unimpressive.
Get a look a the full map

Uncategorized

April 18, 2016

Skyline Wars: In Lower Manhattan, A New Downtown Is Emerging

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us his fourth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at the evolution of the Lower Manhattan skyline. Lower Manhattan at the start of the Great Depression was the world’s most famous and influential skyline when 70 Pine, 20 Exchange Place, 1 and 40 Wall Street, and the Woolworth and Singer buildings inspired the world with their romantic silhouettes in a relatively balanced reach for the sky centered around the tip of Lower Manhattan. Midtown was not asleep at the switch and countered with the great Empire State, the spectacular Chrysler and 30 Rockefeller Plaza but they were scattered and could not topple the aggregate visual power and lure of Lower Manhattan and its proverbial “view from the 40th floor” as the hallowed precinct of corporate America until the end of World War II. The convenience and elegance of Midtown, however, became increasingly irresistible to many.
More on the the history of Lower Manhattan and what's in store

April 18, 2016

Donald Trump’s Failed and Fraught Attempt to Own the Empire State Building

In 2000, shortly after ending his first presidential run, Donald Trump was asked for what he would like to be remembered. He responded, "I'd like to own the Empire State Building," adding that it would make him "New York's Native Son." As Crain's recalls, he came awfully close to renaming the iconic tower the "Trump Empire State Building Tower Apartments." For nearly a decade, Trump had a 50 percent, no-cost stake in the building, but he lost it when he attempted a hostile takeover of the structure in the late 90s.
Read about the entire saga

History

April 18, 2016

Mega-Mansion Watch: National Academy Lists Three UES Properties for $120M