Billionaires’ Row

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, Top Stories

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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Architecture, Central Park South, Construction Update

Current view of construction via 6sqft (L); Rendering of the completed tower via Extell (R)

Extell Development’s supertall on Billionaires’ Row is officially the tallest residential tower in the world. As YIMBY reported this week, Central Park Tower, at 225 West 57th Street, has reached its 92nd floor, surpassing the 1,396-foot-tall tower at 432 Park Avenue. Designed by Adrian Smith + Gordon Gill Architecture, Central Park Tower will top out at 95 stories, or 1,550 feet tall, making it stand out significantly among neighboring skyscrapers when construction wraps up next year.

Details here

Central Park South, condos, Construction Update, New Developments

111 west 57th street, midtown, shop architects, supertalls

Progress images of 111 W57th Street; photo © Paul Clemence.

Even before reaching its final height of 1,428 feet tall, SHoP Architect’s Midtown supertall 111 West 57th Street, which surpassed 1,000 feet a few months ago, wowed us with views from the tower’s 64th, 72nd, and 73rd floors. Upon completion, the Billionaires’ Row tower will become the tallest residential building in the world, taking the title from 1,396-foot 432 Park Avenue, (until 1,500-foot Central Park Tower tops out). With a super slender frame (a ratio of 1:24), 111 West 57th Street is also set to become one of the skinniest skyscraper in the world. The new year brings new progress–and new photos showing the 86-story tower’s intricate terra cotta and bronze facade making its way skyward.

Terracotta and bronze: going up!

condos, Midtown, New Developments, real estate trends

Rendering courtesy of Wordsearch

“Some people wonder if Mr. Barnett will become a victim of the condo explosion he helped create,” wrote the Wall Street Journal today in a rare expose of Extell’s Gary Barnett, referring to the success he had with One57, considered the catalyst for the supertall, ultra-luxury condo boom, and the more challenging climate he’s facing with the Central Park Tower. The latter, which will be the world’s tallest residential building at 1,550 feet, launched sales in October, but in a soft luxury market, it’s not a sure bet that the mega-developer will be able to achieve his projected $4 billion sellout and the title of the nation’s most expensive condominium ever. In a likely noncoincidental move timed with the Journal story, Extell today launched the tower’s new website (h/t Curbed), and it gives us mere mortals some of the first views inside the billionaire bunker.

See inside and hear from Barnett himself

Cool Listings, Midtown

You can live on Billionaires’ Row for just $325K

By Michelle Cohen, Fri, December 14, 2018

It seems as if almost every day we hear of a new big-ticket sale on Manhattan’s “Billionaire’s Row,” the glittering corridor just south of Central Park in Midtown. Eight-figure sales at a growing collection of supertalls like One57432 Park Avenue and 111 West 57th Street seem almost ordinary. But it’s still possible to snag a home among the oligarchs and moguls: Two units on the market at the classic co-op building at 100 West 57th Street can be yours for $325K (for a studio) and $450K (for a spacious one-bedroom). If you’re looking for more than a pied-a-terre, you could even combine both contiguous units and still come in under a mil.

Take a look at your options

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