432 park avenue

condos, Midtown West, New Developments, Starchitecture

Manhattan’s Tallest Condominium Tower, Manhattan’s Tallest residential tower, shop architects, JDS Development Group, Property Markets Group, world's slenderest building, world's skinniest building

That’s a lot of accolades for one building, but the SHoP Architects-designed tower at 111 West 57th Street is looking to sweep the supertall competition. Originally planned to rise 1,397 feet, the tower will now soar to 1,421 feet, surpassing 432 Park Avenue (the current tallest residential building in the Western Hemisphere) by 24 feet, according to city records uncovered by Crain’s. It will also retain its title as the world’s slenderest tower.

More details ahead

Featured Story

Features, real estate trends

past and future real estate trends

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

City Living, Manhattan, real estate trends

Lost in NYC via Ed Yourdon via photopin cc

When we get into heated debates about NYC being the greatest city on Earth, we like to cite the fact that our sophisticated, methodical street grid makes it impossible to get lost. But what happens when the entrance to 432 Park Avenue is not actually on Park Avenue? Our egos get a little bruised.

Known as “vanity addresses,” these luxury buildings choose to go by swanky street names like Park or Madison Avenues, but in reality their entrance is on a lowly side street. The front door for 432 Park, for example, will likely be on 56th Street, 150 feet from the Avenue. But how do developers skirt the traditional numbering system to create something that’s more of a brand than an address?

Find out here (hint–it doesn’t come cheap)

Featured Story

building of the year, Features, New Developments, Polls, real estate trends

Vote for 2014’s Building of the Year!

By Diane Pham, Wed, December 17, 2014

building of the year nyc 2014

There is no shortage of towers on the rise in Manhattan, but amongst these glass and stone beauties are a handful that stand head and shoulders (and several hundred feet) above the rest. A red hot real estate market and cutting edge building technology have paved the way for towers of both unprecedented heights and prices. But worthy of equal credit are the visionary developers and architects who dare to change the NYC skyline.

Here we’ve handpicked 12 of the most newsworthy buildings of 2014; these towers boast groundbreaking designs and record-breaking (or soon to be record-breaking) prices. But we ask you: Out of the dozen, which deserves the title “Building of the Year?” Cast a vote above to help us decide which is 2014’s most important tower!

Extended by popular demand… Voting ends TODAY, December 12th at 11:59 PM WEDNESDAY, December 17th at 11:59 PM and we’ll reveal the winner on Friday, December 19th. And if you’re still torn between two (or all), jump ahead for the low-down on each, from height to 2014 news highlights.

More on each of the buildings here

Real Estate Wire

citi bike
  • After half a century of petitioning, the Tifereth Israel Town & Village Synagogue at 334 East 14th Street was made a landmark today by the New York City Landmarks Preservation Commission. [GVSHP]
  • Citi Bike has been saved—and will double in size by 2017 to 12,000 bicycles and 700 docks. Those looking to ride should also expect a price hike. [Citi Bike Blog]
  • One Vanderbilt has had a growth spurt. The tower, planned for a site neighboring Grand Central, has been bumped from 1,450 feet to 1,514 feet in height. [Curbed]
  • Watch 432 Park Avenue rise in a time-lapse video. [TRD]
  • The city is exploring new ways to revitalize Brownsville. [WSJ]

A Citi Bike (left); Tifereth Israel Town & Village Synagogue (right)

condos, Midtown East, New Developments, Starchitecture

432 Park Avenue, world's tallest tower, world's tallest residential tower

NYC supertalls all over town are weeping: 432 Park Avenue is officially the tallest residential building in the city as of today, topping out at 1,396 feet, and the second-tallest tower after One World Trade Center. Concrete on the highest floor of the Rafael Viñoly-designed building is being poured, probably as we speak, cementing (no pun intended) the residential tower’s place as not only the tallest in NYC, but in the entire western hemisphere. And though One WTC reaches 1,776 feet, 408 feet is accounted by its spire. So, when you only count its roof height, it’s actually 28 feet lower than 432 Park. The tower will open next year, and it’s already seeing groundbreaking sales, including that of the $95 million penthouse.

Photo via DBOX

Real Estate Wire

466 Eleventh Avenue
  • The 10 biggest real estate projects coming to the city. [TRD]
  • Video views from the top of 432 Park Avenue, which tops out tomorrow. [NYT]
  • Leasing starts at Naftali’s the Arthur, a luxurious prewar rental building located at 245 West 25th Street. [CityRealty]
  • A 10-story parking garage will close along Fulton Street to make way for a new rental building called ‘Exhibit’. [Curbed]
  • Is Extell working on a new tower? The developer is in talks with Calvary Baptist Church to acquire the church site at 123-141 West 57th Street. [TRD]
  • 25 years after purchasing a Downtown Brooklyn site, Forest City Ratner is selling it for $185M or looking for a partner to help them develop it into a residential building. [Crain’s]

466 Eleventh Avenue, one of the city’s biggest projects (left); 432 Park Ave (right)

Architecture, Downtown Brooklyn, Major Developments, Manhattan, Starchitecture

New York supertalls, nyc towers, manhattan real estate, midtown condo, new york skyline

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

Daily Link Fix

WEDG, personal cloud storage
  • A new infographic, The Schematic of Structures, displays the 90 greatest architectural achievements since prehistory. You can be the judge of this list over on Fast Co. Design.
  • Break out the Meow Mix, NYC’s first permanent cat café could open next spring. According to Gothamist, a $65,000 crowdfunding campaign is underway to make the kitty dream a realty.
  • A 17-year-old Instagrammer known as Demidism climbed to the top of 432 Park Avenue, the tallest residential building in the Western Hemisphere, and took some pretty amazing (yet vertigo inducing) photos. Untapped Cities has the scoop.
  • It’s about time…the WEDG personal cloud storage device offers strong security and privacy values, reports designboom.

Image: via WEDG 

Featured Story

Features, Major Developments, New Developments, real estate trends, Starchitecture

the plaza hotel entrance, the plaza hotel curb

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’

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