Extell development

Midtown West, real estate trends

ONE57 tower new york christian de portzamparc

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

A full-floor, 6,240-square-foot penthouse at Midtown billionaires’ bunker One57 recently sold to an unidentified high bidder–one of five contenders–at a foreclosure auction for $36 million. That number is 29 percent lower than the original $50.9 million price shelled out by Nigerian businessman Kolawole Akanni Aluko for the newly-minted condo in 2014. The fire sale was the fourth resale in the 1,004-foot-tall Billionaire’s Row flagship trophy tower to trade at a loss, according to data from appraiser Miller Samuel Inc., reports Bloomberg. The latest example is the largest discount to date on one of the pricey properties, all of which sends a message to buyers with plans to cash in on the ultra-luxury units in short order. And there are currently 16 apartments at the building listed for sale, most of them by the developer.

Read on

affordable housing, housing lotteries, Lower East Side

229 Cherry Street, Extell Development, Dattner Architects

Rendering of 229 Cherry Street, via Extell Development

The housing lottery for Extell Development’s affordable housing building in the Lower East Side has officially launched. The 13-story development at 229 Cherry Street and sits right next to the group’s amenity-filled, luxury condo, One Manhattan Square. Designed by Dattner Architects, residents at 229 Cherry Street will have access to a landscaped terrace, fitness center and a lounge. Qualifying New Yorkers earning 60 percent of the area median income can apply for $947 per month studios, $1,017 per month one-bedrooms and $1,230 per month two-bedrooms.

Find out if you qualify

Architecture, Downtown Brooklyn, New Developments

city point, brooklyn point, extell development

New rendering of City Point courtesy of Extell Development

Extell Development released a teaser website on Thursday ahead of its sales launch for Brooklyn Point, the group’s first tower in Brooklyn, and revealed more details about the luxury high-rise. Rising 68 stories and 720 feet high, the tower at 138 Willoughby Street will be the tallest building in the borough until 9 DeKalb Avenue rises, which will be roughly 1,000 feet tall. As the last phase of City Point, Brooklyn Point will join two other residential buildings, the Brodsky Organization’s 7 DeKalb and City Tower.

More this way

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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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

Featured Story

building of the year, Features, New Developments

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft, Sat, December 10, 2016

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we’ve narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods.

Which of these you think deserves 6sqft’s title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!

Learn more about each of the buildings in the running here

condos, Midtown, New Developments, Starchitecture

central park tower, nordstrom tower, 217 west 57th street

A new set of images of the world’s upcoming tallest residential tower have been uncovered, these better revealing the cantilevering silhouette of the 1,550-foot supertall and how it will relate to the skyline of Central Park South.

The images of the Central Park Tower (née Nordstrom Tower) were first spotted by NY Yimby and are part of official EB-5 Immigrant Investor program materials posted online and provided by developer Extell. As such, they confirm that the supertall will indeed no longer have the spire, a feature which would have brought the tower to 1,775 feet and just a foot shy of One World Trade. The materials also reveal that the tower is being marketed with a height of 133 floors (the actual count is just 95, though some units like the 17,000-square-foot three-story penthouse have ceilings that stretch well beyond the standard) and 179 luxury residential units.

more here

affordable housing, housing lotteries, Hudson Square, Soho

70 charlton street

It’s not too often that affordable housing opportunities arise in prime downtown areas like West Soho, but starting tomorrow, 70 Charlton Street will begin accepting applications for 29 of its below-market-rate apartments. The Beyer Blinder Belle-designed building is of the luxury persuasion, developed by none other than Extell. In total there are 116 residences; 92 are high-end co-ops (currently priced between $1.6M and $7.1M) with interiors crafted by Workshop/APD in one building, and the rest affordable units situated in a connected building. According to the Housing Connect websitestudios will start at $833/month, one-bedrooms will go for $895/month and two-bedrooms for $1,082/month.

Find out if you qualify here

Featured Story

Architecture, Carter Uncut, Features, Urban Design

Skyline Wars: Accounting for New York’s Stray Supertalls

By Carter B. Horsley, Wed, May 11, 2016

skyline strays

Carter Uncut brings New York City’s latest development news under the critical eye of resident architecture critic Carter B. Horsley. Ahead, Carter brings us his eighth installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter looks at the “stray” supertalls rising in low slung neighborhoods.

Most of the city’s recent supertall developments have occurred in traditional high-rise commercial districts such as the Financial District, the Plaza District, downtown Brooklyn and Long Island City. Some are also sprouting in new districts such as the Hudson Yards in far West Midtown.

There are, however, some isolated “stray” supertalls that are rising up in relatively virgin tall territories, such as next to the Manhattan Bridge on the Lower East Side and Sutton Place.

read more from carter here

Featured Story

Architecture, Carter Uncut, Central Park South, Features, Midtown, real estate trends

Carter Uncut brings New York City’s development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter kicks off a nine-part series, “Skyline Wars,” which will examine the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. To start, Carter zooms in on the biggest developments shaping the southern corridor of Central Park.

They did not come from outer space when they landed on our front yard while the NIMBY folk and the city’s planners and preservationists weren’t looking. Some are scrawny. Some are dressed like respectable oldsters. They’re the supertalls and they’re coming to a site near you.

read more here

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