220 central park south

Featured Story

building of the year, Features, New Developments

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft, Sat, December 10, 2016

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we’ve narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods.

Which of these you think deserves 6sqft’s title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!

Learn more about each of the buildings in the running here

Midtown, photography

Robert A.M. Stern‘s 220 Central Park South will eventually rise 950 feet amongst the supertall and super-luxury towers of Billionaires’ Row. As of August, the 66-story tower had risen 600 feet, and now that it’s nearing the homestretch, urban explorer and photographer Viktor Thomas decided it was time to get past the construction zone and scale the limestone skyscraper. First shared by Untapped, he posted this vertigo-inducing set of photos on his Instagram account @vic.invades that show the truly insane views from the tower.

See all the photos right here

Midtown East, Recent Sales

432 Park Avenue, DBOX, Macklowe Properties, Vinoly, Deborah Berke (52)

The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.

More jumbo numbers, this way

Central Park South, condos, Construction Update, Midtown, New Developments

220 central park south, Billionaires' Row, Robert A.M. Stern, Steven Roth

Robert A.M. Stern‘s latest Billionaires’ Row blockbuster continues its rapid ascent into the sky. As CityRealty.com reports, 220 Central Park South (220 CPS) is now two-thirds of the way up, construction having knocked out about 600 feet of the tower’s eventual 950-foot height. Application of the limestone cladding started in April and has thus far been installed across over one-third of the building. When finished in 2017, the two-winged skyscraper with its rare and direct Central Park South frontage will host 118 luxurious homes across 66 stories—and it will be one of the city’s most expensive residences. Jump ahead to see more photos of all the work that’s been completed.

More photos of the tower under construction here

Celebrities, Central Park South

220 Central Park South, Sting, Trudie Skyler, NYC celebrity real estate

The NY Post reports that Sting and Trudie Styler are in negotiations to purchase a condo in the Robert A.M. Stern-designed 220 Central Park South. The tantric twosome aren’t new to the parkside circuit; they’re currently among the significant celebrity contingent at the also-Stern-designed 15 Central Park West, where the pop star purchased a 5,413- square-foot penthouse for $26.5 million in 2008.

Find out more

Architecture, infographic, New Developments

nyc buildings compared to world buildings

Gray silhouettes from left to right: Shanghai World Financial Center, CTF Finance Centre, One WTC, Lotte World Tower, Mecca Royal Clock Tower, Shanghai Tower, Burj Khalifa. Click link here to enlarge >>

As the Skyscraper Museum so aptly writes, “Tall and BIG are not the same thing.”

Echoing 6sqft’s recent post on global supertalls, the infographic above illustrates how when the height of New York’s tallest towers are stacked up against the sky-high constructions abroad (and 1 WTC), our city’s skyscrapers truly are “runts on the world’s stage.” The image also reveals that not only do these towers lack significantly in height, but also in girth. This means what really makes the design of all of New York’s new skyscrapers so unique is not how tall they are, but rather, how slender they are.

more on all that here

Central Park South

220 Central Park SOuth, Vornado, Robert A.M., Stern

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

Architecture, Central Park South, condos, Construction Update, New Developments, Starchitecture

220 Central Park SOuth, Vornado, Robert A.M., Stern

At the forefront of Midtown’s high-rise sierra, a new peak is emerging. Simply addressed 220 Central Park South, the two-winged development is being designed by celebrated historian and poet of the city’s skyline Robert A.M. Stern and developed by commercial and retail heavyweights Vornado Realty Trust. The tower portion of the complex has already ascended some 300 feet above street level and is noticeable from many parts of Central Park. Ultimately, it will stand 66 stories, 950 feet high, making it among the tallest residential buildings in the city. The exclusive, Central Park South-fronting wing, dubbed “The Villas” is up to the third of 17 stories and will be topped by a palatial quadplex penthouse.

Earlier this month, the tower’s warm limestone cladding was being applied to the lower mechanical floors, which will have 18- to 24-foot-high ceilings, boosting the building’s height by more than 100 feet and allowing nearly all its residences to possess Central Park views. To coincide with the construction work, Vornado recently published a collection of new renderings in a property portfolio, showing us for the first time several new looks at the project, including three full-scale views from Central Park and close-up looks at the base, porte-cochere, and an upper-level interior.

Check out the renderings and construction shots right here

CityRealty, condos, Manhattan, New Developments, real estate trends

new yorks most expensive buildings

While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city’s top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what’s even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that’ll be generated by the 200+ condo projects underway in Manhattan.

All the details here

Central Park South, Midtown

220 central park south, robert am stern, billionaire's row

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

Central Park South, Midtown, Recent Sales

220 central park south, robert am stern, billionaire's row

We first got wind of the potentially record-setting penthouse listing at 220 Central Park South back in March, when it was reported that the unit could sell for between $150 and $175 million. In June, sources said that a Qatari billionaire was looking to combine multiple apartments in the Robert A.M. Stern-designed building to create a $250 million mega-penthouse. Then last month, the Post speculated that another high-profile buyer was Ken Griffin, the billionaire hedge fun tycoon who is currently in the midst of a messy divorce from wife Anne Dias-Griffin (she’s asking for $1 million a month in child support). Now the paper reveals that it’s Griffin who’s looking to snatch up the $200 million+ penthouse in what’s being called the “billionaire’s bunker.”

More details this way

City Living, Midtown, New Developments, real estate trends

luxury towers nyc

Get a job as one of their building managers.

As DNA Info reports, if you’re just a regular Joe or Jane looking to take up residence in one of the city’s priciest towers, you don’t need to be a billionaire—or even a millionaire for that matter. The resident managers at four headline-stealing, ultra-luxury towers will live rent-free, in very large apartments, while also earning respectable six-figure salaries for their services.

Find out more here

Central Park South, Construction Update, Midtown, Starchitecture

220 central park south, robert am stern, billionaire's row

Image courtesy of Desimone Engineering

Billionaire’s Row‘s race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado’s 220 Central Park South development has an early lead against Extell Development’s significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.

See new images of the tower here

Real Estate Wire

220 central park south
  • After just six weeks, one-third ($1.1B) of 220 Central Park West has been sold. “Acceptance by brokers and buyers has been extraordinary and unprecedented.” [TRD]
  • One Vanderbilt is well on its way to becoming a reality. This morning SL Green cleared its final major hurdle, receiving approval, with some amendments, by a key City Council subcommittee. [Crain’s]
  • Philip Johnson’s iconic New York State Pavilion in Flushing Meadows Corona Park will get a free $3 million facelift. Bridge and steel painters are donating their time to restore the structure. [NYDN]
  • Queens tallest tower has hit the market. [TRD]
  • Tiengarden, a 20-year-old vegan eatery in the LES, is shuttering because of a rent hike. [DNA Info]
  • The historic Helmsley Building has sold for $1.2B. [NYDN]

Images: 220 Central Park South (L); NY State Pavilion (R)

Featured Story

CityRealty, Features, real estate trends

CityRealty New Development Report, NYC real estate trends, billionaires' row

It’s projected that over the next five years, new development sales in Manhattan condos will total $27.6-$33.6+ billion, but this sky-high figure is heavily skewed by prices in just five buildings. These luxury towers will account for one-third of the total projection. Three of the buildings — 432 Park, 220 Central Park South, and 550 Madison Avenue (the former Sony Building) — are located on billionaires’ row and are expected to bring in a whopping $8 billion. The Greenwich Lane and 10 Madison Square West will also likely bring in close to $1.5 billion each. Along with this boost from the upper end of the market comes a trend where fewer units are selling, but prices are shooting up.

More info and CityRealty’s full infographic here

condos, New Developments, Starchitecture

220 central park south

It’s a good day for Robert A.M. Stern, whose buildings seem to be bringing billionaires to their knees. The Real Deal has just caught wind of the offering plan for Stern’s 220 Central Park South tower being developed by Vornado. According to the papers filed with the Attorney General and sources close to the development, the penthouse may ask $150 million to $175 million, bringing the building’s total sellout to a staggering $2.4 billion. The $175 million price tag would by far blow the Sony Building’s $150 million penthouse out of the water, and most certainly One57’s record $100 million sale which currently holds the title for the most expensive unit ever sold in the city.

Find out more here, plus floor plans!

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