Many architects like to recycle their plans, reusing signature design elements from project to project. However, British architect Lord Norman Foster, with his firm Foster+Partners, enjoys keeping it fresh with designs that are unmistakably modern, yet profoundly contextual to their location. The firm’s latest New York development is a 44-unit residential tower named 551W21 that rises in the once industrial—now art-gallery—hub of West Chelsea.
The 551W21 team over at Foster+Partners recently sent us some new photos of the building under construction, which has surpassed its 19th-floor mark and will be topped off at the end of this month. And if you’re still not convinced that buyers are willing to pay a premium for starchitectured spaces, we’re told that the building is already over 50% sold.
See more photos and views after the break
Though the famous marble lions that stand guard over the iconic Beaux-Arts building at Fifth Avenue and 42nd Street aren’t talking, the patience and fortitude of scholars and professors all over the tri-state area may have played some role in the shelving of a $300 million renovation plan for the New York Public Library’s flagship location.
In the midst of three lawsuits and regular protests on the library steps, the library reversed course on revamping the midtown Manhattan building (which celebrated its 100 year anniversary in 2011) and moving 1.5 million books to New Jersey, a move that brought a sigh of relief to researchers worried about delays in gaining access to essential publications.
What shelved this $300 million renovation?
The Pritzker Architecture Prize is architecture’s most acclaimed honor. Since 1979, the award has been given away annually to honor one living architect whose built work demonstrates consistent and significant contributions to humanity and the built environment. New York City is home to structures built by 12 of the 36 past winners — ranging from Philip Johnson to I.M. Pei to this year’s winner, Shigeru Ban — and currently holds 14 residential examples of their work. One other fascinating tidbit is that condos designed by Pritzker Prize winning architects are selling on average a whopping 44% higher (price/square foot) than those their respective neighborhoods, and 47.5% higher than the Manhattan market average. But are they worth the money? Learn more about them all ahead.
Are these Pritzker Laureate-designed condos worth their markup?