Billionaires’ Row

Policy, real estate trends

Future NYC, Central Park shadows, accidental skyline

What the NYC skyline could look like in 2018, via CityRealty  

It comes up every time a rendering is released for the latest supertall tower –how will the massive structure impede the views of its neighbors and what kind of obstructive shadows will it cast below? With a dozen supertalls (1,000 feet or higher) in the construction or planning stages in Manhattan, the threats are imminent and unavoidable, but Councilman Mark Levine hopes to get ahead of the issue moving forward. Levine, who chairs the parks committee, will introduce legislation today to create a task force that will examine, as he put it, “the looming threat of shadows falling on our parks from the rising number of skyscrapers,” according to Capital New York.

More information here

condos, Construction Update, New Developments, Starchitecture

ONE57 tower new york christian de portzamparc

Image © Wade Zimmerman courtesy of Agence Christian de Portzamparc (ACDP)

Watch where you walk when treading near supertall towers. The WSJ reports that a stop work order has been issued at One57 after a kitchen table-sized piece of Plexiglass fell from the 22nd floor of the tower on Sunday, smashing into two parked cars down below. Thankfully no one was injured in the incident, but the accident is just one in a slew of construction mishaps that have plagued the building. In late February, glass from the tower landed on a neighboring building’s terrace, and last May, a windowpane fell from the 22nd floor, hitting a truck below. The building was also creating precarious conditions back in 2012 during Super Storm Sandy, when all of New York City looked on in horror as the support cable of an 80-ton crane at the top of the building broke, causing it dangle above their heads.

Is one57 cursed? Find out more here

condos, New Developments, Starchitecture, Upper East Side

520 Park Avenue, Robert A.M. Stern, NYC supertalls

Developers of 520 Park Avenue have revealed apartment prices for all units in the building, which is poised to become one of the city’s most expensive condominium towers and include a $130 million penthouse. The building, which will rise in the high-priced corridor flanking Central Park that has been dubbed “Billionaire’s Row,” is expected to gross $1.2 billion in apartment sales, according to initial offering prices detailed in documents filed with the Attorney General’s office.

The $1.2 billion in total sales—which will make the building one of the most expensive in Manhattan history—is all the more impressive considering that current plans call for only 31 units, most of which will be full-floor residences.

Click here for full pricing information and floor plans

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!

Featured Story

Architecture, Features, Midtown West, Starchitecture

So You Think You Know Everything About One57?

By Ondel Hylton and Adam Rothstein, Mon, December 22, 2014

One57, Extell, Christian de Portzamparc

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

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