central park tower

condos, Major Developments, Midtown

Via Extell

Sales have launched for Central Park Tower, the tallest residential tower in the world, Extell Development announced Monday. Located at 225 West 57th Street, the 1,550-foot tower is rising on Billionaires’ Row, a strip of ultra-luxury residences at the southern end of Central Park in Midtown. While Extell hasn’t officially released pricing for its 179 condos, the Real Deal reported last year that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse being the most expensive. If the building achieves its projected $4 billion sellout, the tower would become the most expensive condo project in New York City.

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Featured Story

building of the year, Features

Last day to vote for 6sqft’s 2017 Building of the Year!

By Emily Nonko, Mon, December 11, 2017

This year was all about new development redefining the New York City skyline. Construction moved along at a rapid pace, whether it be the topping out of Richard Meier’s tower at 685 First Avenue or foundational work kicking off at Brooklyn’s first supertall 9 Dekalb. In the next several years we’ll see these buildings open and show off apartments at sky-high prices, but for now, we get to enjoy the construction process on some of the most notable new architecture to come to New York.

We’ve narrowed down a list of 12 news-making residential structures for the year. Which do you think deserves 6sqft’s title of 2017 Building of the Year? To have your say, polls for our third annual competition will be open up until midnight on Monday, December 11th and we will announce the winner on Tuesday, December 12th.

VOTE HERE! And learn more about the choices.

Architecture, condos, Construction Update, Major Developments, Midtown

Central Park Tower, Extell

Rendering courtesy of Extell

The 1,550-foot Central Park Tower, the soon-to-be tallest residential tower in New York City, has gotten some new renderings that reveal how it’ll appear lit up at night, as well as how its interiors may look (h/t YIMBY). Extell Development’s current plans for the Billionaires’ Row tower call for 179 condominiums, spanning on average 5,000 square feet, with open layouts and oversized windows overlooking Central Park. With the construction of the supertall at 217 West 57th Street now hitting its halfway mark and rising to roughly 700 feet, Central Park Tower is expected to be completed in 2019.

See inside the supertall

CityRealty, infographic, real estate trends

New development visualized through 2020, via CityRealty

According to CityRealty’s 2017 Manhattan New Development Report, things are really going to heat up over the next few years. While new development sales dropped to $8.3 billion in 2017 from $9.4 billion in 2016 (attributed to a softening in the luxury market), there are a number of new big-time buildings that will commence closings and have the potential to drive total sales up to a whopping $11.9 billion by 2020. One key player is Extell Development’s One Manhattan Square on the Lower East Side. With 815 apartments, it will be the largest condo by unit count ever constructed in the city. And up on Billionaires’ Row, Extell’s Central Park Tower will have the city’s biggest sell-out ever at $4 billion, while Vornado’s 220 Central Park South is looking to set the record for highest price per square foot ever in NYC.

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condos, Green Design, Landscape Architecture, Midtown, New Developments

central park tower, extell development, hmwhite

Central Park Tower, New York City’s future tallest residential skyscraper, is getting a more down-to-earth design. As CityRealty learned, the supertall at 225 West 57th Street on Billionaires’ Row will feature a sprawling landscaped space designed by HMWhite. The firm’s terrace design includes both passive and active recreational areas, like a central open lawn and a sequence of complimentary garden rooms. Renderings of the projected 1,550-foot tall tower reveal a lap pool overlooking West 57th Street and a sun deck among pergolas and trellises.

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Architecture, condos, Major Developments, Midtown

central park tower, 225 west 57th street, extell development

Rendering of Central Park Tower via Extell Development

A new rendering of Central Park Tower, slated to be the tallest residential tower on Earth, shows the most sparkling image of the residential building yet. Construction for Extell Development’s supertall, located at 225 West 57th Street on Billionaires’ Row, is underway and when completed, the tower is projected to be 1,550-feet tall. As CityRealty reported, the all-glass rendering appears to be taken about 900-feet above Central Park and leaves out rivaling towers, 432 Park Avenue and 111 West 57th Street. The $2.98 billion project is expected to be completed in 2019.

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condos, Midtown, New Developments

Central Park Tower renderings (Extell / AS+GG)

We expected that Central Park Tower, the city’s tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building’s EB-5 brochure offer a first glimpse of what the upcoming supertall’s rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building’s apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building’s flagship retail tenant. Developer Gary Barnett’s new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.

Sky palaces and amazing amenities this way

condos, Midtown, New Developments

Central Park Tower, Extell Developments, Midtown

With massive condominiums, private elevators and a 100th-floor ballroom that overlooks Central Park, Gary Barnett and Extell Development won’t have much trouble luring the world’s richest to their ambitious $4 billion Central Park Tower. Although the building at 217 West 57th Street, slated to be the tallest residential tower on Earth and most expensive in NYC, won’t be completed until 2019, the Real Deal discovered the building’s floorplans and the price breakdown for each unit. According to filed documents, 20 of the 179 condominiums in the building have a price tag of $60 million and above. The most expensive unit listed? A $95 million penthouse that contains four bedrooms, a 2,000-square-foot terrace and an outdoor pool.

See the floorplans

Construction Update, Midtown West, New Developments

Central Park Tower, Extell Developments, Midtown

West 58th Street elevation of Nordstom’s podium; CityRealty

When it reaches its projected 1,550-foot height, Extell Development’s Central Park Tower will have the highest roof-line of any residential building in the Western Hemisphere, besting the current record holder 432 Park. Though the $2.98 billion project won’t be complete until 2019, construction is moving ahead along Billionaires’ Row, reports CityRealty. The 58th Street side, which will hold a 285,000-square-foot, seven-story Nordstrom store, is currently receiving its fluted-glass skin, a “Waveforms Facade.”

See more views 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

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