Search Results for: billionaire

The New York Times visits Bed-Stuy, the first neighborhood featured in their new “Block by Block” series. [NYT] An historic building at 187 Seventh Avenue in Park Slope will be turned into condos. [NYT] A “Joie de Vivre” hotel is on the rise at 50 Bowery. [Bowery Boogie] A landmarked Brooklyn bathhouse, the Brooklyn Lyceum, will […]

Real Estate Trends

January 21, 2015

One57 Records Another Blockbuster Sale, 85th-Floor Pad Sells for $55.6 Million

There’s no slowing One57. Yet another blockbuster sale hit city records this morning, bringing the brash blue supertall its third most expensive sale to date—and the city its ninth most expensive condo sale in history. The ultra-luxe pad is the 6,240-square-foot 85th-floor unit, which boasts four bedrooms, four baths, and the lofty, breathtaking views that have have made One57 one […]

January 16, 2015

$100 Million Condo Sale at One57 is NYC’s Most Expensive Ever

Expect another blockbuster year for the super-luxury tower that launched a slew of other wannabe developments across the city. A palatial unit occupying the 89th and 90th floor of One57 has just sold for a record-breaking $100,471,452.77—the most expensive condo purchase ever recorded Manhattan. The buyer of the massive 10,923-square-foot penthouse apartment remains a mystery—city records simply show an […]

Real Estate Trends

January 9, 2015

Community Board Likes Pier55 Floating Park Overall, but Wants More Transparency

It's been relatively quiet over the past six weeks or so as far as news about the proposed offshore park and performance space in the Hudson River known as Pier55. But this week, Community Board 2's Parks and Waterfront Committee reviewed the project, and though they liked Thomas Heatherwick's design overall, they cited their main concern as transparency. The board's issue stems from the fact that billionaire media mogul Barry Diller, who committed $130 million to the 2.7-acre park, and the Hudson River Park Trust had been working secretively for two years on the plans. According to Curbed, committee member Arthur Schwartz said, "Probably the main public critique of this project has been the way that so much of the design was developed in infinite detail before it even became a matter of public knowledge."
More on the outcome of the public meeting

January 1, 2015

Looking Back and Forecasting What’s to Come in the 2015 NYC Real Estate Market

By Ondel Hylton and Adam Rothstein

It's that time of year when we take a look back at the biggest stories of the year and look ahead at what's to come. And if 2014 was the year of the ultra-luxury listing, 2015 shows no sign of cooling down. This past year saw major increases from 2013, with $16.8 billion in residential sales, over 17 percent of which was accounted for by purchases over $10 million. Plus, the top 25 sales of the year all closed for over $25 million. News of big sales at One57 will likely continue, with 520 Park Avenue vying for the title of most-talked-about building. We'll also start hearing more from 30 Park Place, 432 Park Avenue, and the Woolworth Residences. To help you visualize all of these high-rolling record setters and predictions, the folks at CityRealty have put together some handy charts and infographics.
Check out the year in review and 2015 predictions here

Real Estate Trends

December 22, 2014

So You Think You Know Everything About One57?

Well, you might want to think twice. Even though the city's most expensive condo building is also perhaps the most written-about (even the Times has run out of ways to describe it), there are still plenty of little-known facts about the 1,005-foot-tall tower. One57 is considered the crown jewel of what's been dubbed "Billionaire's Row," and can also be credited with launching the ultra-luxury building boom. Developed by Extell's Gary Barnett and designed by Pritzker-winning architect Christian de Portzamparc, the sleek tower is currently the second tallest structure in the city. And that's just the beginning.
Bone up on your One57 factoids here

Architecture And Design

December 19, 2014

REVEALED: 290-Foot Cantilevering Condo Coming to Hudson Square/West Soho

A development site at Greenwich and Charlton Streets promises to be among the first to bear fruit from Hudson Square's 2013 rezoning. Images uncovered on the website of Fernando Romero EnterprisE (FR-EE) detail a 26-floor, 116-unit condominium along the quiet commercial edge of the neighborhood. The L-shaped lot is owned by the developer Cape Advisors, whose forward-thinking projects include 100 Eleventh Avenue and One Kenmare Square.
More details ahead

December 19, 2014

REVEALED: NoMad Tower by FR-EE; Is It a Cowbell, Exclamation Point, or Cheese Grater?

Another exclamation point in a year of seemingly endless skyscraper unveilings has appeared on the city's "to-build list" with a possible rendering of a long-proposed mixed-use tower slated for the heart of NoMad. This exclamatory statement comes from the Mexico-based office of Fernando Romero EnterprisE (FR-EE). Never heard of them? Then check out their website and browse the bold work we New Yorkers too often miss out on. If the selection of FR-EE is official, Ziel Feldman’s HFZ Capital would join a growing list of New York developers bitten by the design bug. Developers like Hines, Rosen, Related, and Extell have led the way in commissioning big name, often foreign, architects to pen skyline-shifting projects aimed at the top of the market. HFZ also commissioned British-based David Chipperfield Architects to design a dignified 30-story tower along the southern edge of Bryant Park.
More details on the 50-story tower here

December 12, 2014

Real Estate Wire: Curious Pink Brooklyn House Wants $900K; Zaha Hadid Launches Teaser Site for Her High Line Condos

So bad, it’s good: Live in a bubblegum pink house in Gravesend, Brooklyn for $900K. [Curbed] Check out the teaser site for Zaha’s High Line condos. [520W28] Greenland, USA and Forest City Ratner will break ground on the second 100 percent affordable building for the Pacific Park Brooklyn development (formerly Atlantic Yards) on Monday. [6sqft inbox] Billionaire Steven Cohen […]

Real Estate Trends

November 25, 2014

Thomas Heatherwick Reveals the Inspiration Behind Pier 55 Floating Park

Last week, news broke that billionaire media mogul Barry Diller had been working with the Hudson River Park Trust for the past two years on an idea for an offshore park and performance space in the Hudson River. And though it seemed far-fetched at first, the fact that Diller had personally committed $130 million to the project and that detailed renderings had been created made it see much more plausible. And now Thomas Heatherwick, the British designer behind the Pier 55 floating park, is opening up about how the decrepit West Side piers inspired his vision for the undulating, landscaped "aquatic High Line."
Hear what Heatherwick has to say

Architecture And Design

November 22, 2014

Weekly Highlights: Top Picks from the 6sqft Staff

Futuristic floating park may come to the West Side thanks to a $130 million pledge from billionaire media mogul Barry Diller. New rendering for 111 West 57th Street shows what will become the slimmest building in the world. NYC getting pay phones of the future with free WiFi, charging stations and more. Robert Pattinson checks […]

Uncategorized

November 19, 2014

POLL: Will the Pier 55 Floating Park Get Built?

The city was abuzz on Monday when news broke of media mogul Barry Diller’s $130 million pledge to build a $170 million, 2.7-acre floating park off the shore of 14th Street in the Hudson River. The planning and design process had been kept under wraps for over two years, and though the undulating, amoeba-shaped public […]

Architecture And Design

November 17, 2014

Barry Diller Pledges $130M for Futuristic Offshore Park on the West Side

Floating space in New York's waterways is not a new concept. Take the +Pool, for example, the public pool proposed for the East River that was recently supported by Kanye West. But a new offshore park proposed for the Hudson River off 14th Street seems exceedingly ambitious, as it would cost $170 million, be located 186 feet off land, and contain wooded nooks and three performance venues including an amphitheater. Barry Diller, sponsor-to-be of this ambitious plan, gives the project a much more realistic outlook. The billionaire chairman of IAC/InterActiveCorp, former head of Paramount Pictures and Fox–and husband to Diane von Furstenberg–was the single largest donor to the High Line. He's pledged $130 million from the Diller-von Furstenberg Family Foundation to make the 2.7-acre park a realty, as well as agreed to run the outdoor space and cover operating expenses for 20 years. He and his wife have starchitect-designed offices in the Meatpacking District and are clearly becoming king and queen of the neighborhood.
More on the futuristic park ahead

Architecture And Design

November 17, 2014

New Rendering for 111 West 57th Street Shows Ethereal Views

Move over 432 Park, there's a taller, slimmer and sexier ultra-luxury residential tower coming to Midtown. At the Municipal Art Society's 2014 Summit for NYC, Simon Koster, Principal at JDS Development Group, provided the audience with a compelling presentation on how our ideals can serve as the basis in how we shape our city. The restored crown of Stella Tower, the East River mega-rental project at 616 First Avenue, and 111 West 57th Street's discretionary approval by the Landmarks Preservation Commission were used as relevant examples. And the 57th Street project really caught our eye. The 1,400+ foot tower will also become the slimmest building in the world with a slenderness ratio of 1:23. Its narrow profile and stepped crown evoke the romantic art-deco towers of the 1920s and '30s and other timeless city landmarks. SHoP Architects are the designers and WSP Group are the engineers/magicians making sure things remain upright.
More on the tower here

November 3, 2014

Real Estate Wire: 15 of NYC’s One-Block Streets; Great Ground-Floor Apartments

More Goldilocks Blocks; here are 15 one-block streets in NYC. [Untapped Cities] Great ground-floor apartments that aren’t dark and grim—like this one located in a former seminary. [Curbed] The case for the pied-a-terre tax: All apartments take advantage of major city services—be it police, fire, courts, or sanitation. It’s these city services that make New York City […]

Real Estate Trends

October 21, 2014

It’s Official: Jets Owner Woody Johnson Sells Fifth Avenue Co-op for a Record Setting $80M

In addition to holding the record for highest purchase of a sports team in New York (he bought the Jets in 2000 for a whopping $635 million), Johnson & Johnson heir Woody Johnson now also holds the title for most expensive co-op ever sold in the city. His 11th/12th floor duplex at 834 Fifth Avenue has been […]

October 20, 2014

Extraordinary Dwellings: These Amazing Homes Are Hidden in Plain Sight

By Michelle Cohen

It isn’t unusual to see old warehouses, churches and banks converted into luxury multi-unit condos and apartments. But far more rare, and often shrouded in myth and mystery, are one-of-a-kind buildings that had former lives as banks, schools, a synagogue, a public bath house, a Con Ed substation, even a public restroom and a hillside cave–and have more recently served as home and workspace for a lucky handful of bohemian dreamers (and hard-working homeowners).
Find out who lives behind the gates of those those cavernous, mysterious buildings

Architecture And Design

October 16, 2014

Real Estate Wire: 99-Year Lease Inked for Ice-Rink in the Bronx Armory; Campbell’s Soup Heiress Buys a New Pad

80-year-old Campbell’s soup heiress Hope van Beuren bought a $5M home at 1 East 66th Street. [NYDN] The city has signed a 99-year lease for the Bronx’ Kingsbridge National Ice Center, the highly anticipated ice-rink planned for the Bronx Armory. [CO] American Idol creator Rich Fuller sells two of his Plaza apartments for $38M. [NYP] Neiman Marcus CEO Karen […]

Real Estate Trends

October 10, 2014

NY Jets Owner’s Fifth Avenue Co-op Could Sell for a Record-Breaking $80M

Billionaire NY Jets owner, Woody Johnson is looking to break a record with the sale of his duplex at 834 Fifth Avenue. The unit, which was quietly being shopped around for $75 million, has gone into contract for $80 million. When closed, it will be the city’s most expensive co-op sale ever. This is clearly a billionaire’s game as […]

October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers

September 25, 2014

Timeless Trophy: 740 Park Avenue

New York City may have an ever-revolving cast of hottest restaurants, hippest clubs, and even most desirable neighborhoods, but some real estate titans never go out of style in this metropolis. Known as the "Tower of Power," 740 Park Avenue is one such mainstay. The Upper East Side 19-story, Art Deco building was completed in 1930 to the designs of Rosario Candela, often considered the finest architect of luxury apartment interiors, as the last of the grand dames erected along Manhattan's Gold Coast. It didn't reach its peak until the real estate boom of the 1980s, but is today one of the most sought-after addresses with 31 apartments, mostly all duplexes, triplexes, and penthouses. The massively scaled residences feature grand living rooms, formal dining rooms, spiral staircases, high ceilings, expansive foyers, and an abundance of windows.
Plenty more on this timeless trophy residence and its long list of well known inhabitants

September 19, 2014

Real Estate Wire: State Seizes Seven Properties for the Atlantic Yards; BAM Cultural District Gets $131M

The state has gotten approval to seize seven sites for Forest City Ratner’s Pacific Park Brooklyn project (previously named Atlantic Yards). Tenants now have 90 days to vacate their units. [DNA Info] The $1B three-tower expansion for Silvercup West is back on track. [Curbed] Most of the world’s billionaires call NYC home. [TRD] Winston Von […]

Real Estate Trends

September 11, 2014

Real Estate Wire: Renewed Hope for the TWA Terminal; Tribeca’s New Bogardus Park

Brazil’s top hotelier is looking to make his mark on 57th Street. Billionaire Rogerio Fasano is in talks to have starchitect Rafael Vinoly design the building. [NYDN] It ain’t easy being green: Vogue contributing editor Lauren Santo Domingo, and her Colombian billionaire beer heir husband, have neighbors up in arms over the noise they’re making trying to […]

Real Estate Trends

September 4, 2014

Penthouse Perfection: Peeking into Manhattan’s Top Sky-High Listings