Billionaires’ Row

Central Park South, condos, Cool Listings, New Developments

Renderings by Hayes Davidson and images by Peter Murdock; courtesy of Douglas Elliman

Once home to the Steinway & Sons piano company, the landmarked building at 111 West 57th Street was acquired by developers JDS Development, Property Markets Group, and Spruce Capital Partners in 2013 for $217.5 million and has since become incorporated into SHoP Architects’ super-slender supertall tower rising next to it. Originally built in 1925, the Beaux-Arts building will house the lobby for the luxury tower and a small number of apartments, including this 5,200+ square-foot duplex penthouse that just listed for $21 million.

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Architecture, Midtown West

Rendering by studioMDA

British auction house Phillips will move its headquarters into the white cube base of the supertall at 432 Park Avenue next year. As first reported by the New York Post, architecture firm studioMDA has been tapped to design the 55,000-square-foot auction house and will replace the ground floor the existing space with a sunken mezzanine. The new Billionaires’ Row spot will open in the summer of 2020.

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Central Park South, Construction Update, New Developments

The living room of the 43rd-floor unit; Photo by Peter Murdock

The skinny skyscraper perfectly positioned over Central Park has officially topped out at 1,428 feet, becoming the world’s second tallest residential building. Designed by SHoP Architects, 111 West 57th Street’s super-slender frame allows each of the 46 full-floor and duplex condos to feel like a penthouse. In addition to the Billionaires’ Row tower reaching its pinnacle height at 91 stories, new images released Tuesday provide a first look inside the residences, with 360-degree views of Manhattan and bold interiors conceived by Studio Sofield.

See inside the supertall

Midtown, New Developments

Photo via Wikimedia

Developers are planning to build a massive office project on top of a Billionaires’ Row church. The Real Deal reported on Monday that Alchemy and ABR Investment Partners have partnered to buy properties owned by Calvary Baptist Church at 123-141 West 57th Street. The proposed boutique office building would rise 26 stories atop church space and sit next to Extell Development’s supertall, One57.

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Central Park South, real estate trends

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

Via Vornado Realty Trust and Robert A.M. Stern Architects

Since its first closing nearly a year ago, Robert A.M. Stern’s 220 Central Park South has now surpassed the $1 billion mark in sales according to data compiled by CityRealty. The milestone is definitely not surprising considering this is the same building where Billionaire Ken Griffin bought the country’s most expensive home ever sold for $239,958,219. And with an average sales price of $6,934 per square foot for its 39 total closings, 220 is also the city’s most expensive condo building.

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

Central Park Tower in early Sept., Photo © 6sqft

Central Park Tower officially topped out on Tuesday, breaking the record set by nearby 432 Park Avenue for the tallest residential building in the world. Reaching 1,550 feet high, the skyscraper at 217 West 57th Street would be the tallest building in New York City if not for the 400-foot spire of One World Trade, as New York Magazine reported. Developed by supertall-specialists Extell, Central Park Tower includes a seven-story Nordstrom flagship store and 179 luxury condos.

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Central Park South, Cool Listings

295 west 57th Street, the osborne, midtown west, billionaires row, cool listings

Photo Credit: Zigna for Sotheby’s International Realty.

This one-bedroom co-op in the Osborne at 205 West 57th Street is situated on what’s now known as Billionaires’ Row, and for well under $1 million you can include bragging rights to one of the New York City’s finest historic residential buildings. Built in 1883 and designated an official city landmark in 1991, the Osborne also boasts one of the city’s most sumptuous and dazzling lobbies.

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Central Park South, Midtown, New Developments

29 west 57th street, billionaire's row

Cafe Classico, a kosher delicatessen that has occupied the storefront on West 57th Street next door to an 1891 French-style townhouse for 19 years has asked a judge to spare it from eviction, the New York Post reports. The LeFrak Organization and Vornado Realty have plans to build a high-rise tower on the next-door property at 29 West 57th Street, and the deli’s landlord, 35 West Realty Co., has threatened to evict the longtime business over insufficient insurance coverage.

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Central Park South, Design

Central Park Tower, 225 West 57th Street

New rendering of Central Park Tower’s indoor pool, via Extell

In March, Extell Development’s supertall on Billionaires’ Row became the tallest residential tower in the world, surpassing the 1,396-foot-tall 432 Park Avenue. Now, ahead of Central Park Tower’s official topping out scheduled this summer, the developers have released new renderings of its exclusive amenity space, including the indoor pool and full-service lobby. And a handful of the building’s 179 residences will be listed for the first time next week, ranging from a two-bedroom for $6.9 million to a five-bedroom for $63 million.

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affordable housing, Midtown West, Policy

Via Wikimedia

A judge on Monday approved the city’s plan to open a homeless shelter near Manhattan’s Billionaires’ Row neighborhood. Manhattan Supreme Court Judge Alexander Tisch dismissed the lawsuit from the West 58th Street Coalition, a group of residents who claimed the shelter would have “an enormous impact on our densely populated, narrow, high-pedestrian-traffic street.” The ruling comes more than a year after Mayor Bill de Blasio first announced plans to open a shelter for 140 single men at the converted Park Savoy hotel, located next to One57, a supertall with a penthouse that sold for $100 million in 2015.

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