Talk about a selling point: This apartment, located in the Upper East Side co-op building 820 Park Avenue, has been personally redesigned by starchitect Robert A.M. Stern. He is well known for his project on the other side of the park, 15 Central Park West, where he designed a condo reminiscent of the historic co-op towers along the park. Here, he’s taken a prewar co-op, which fills up the entire 12th floor, and added some modern luxury perks.
The apartment itself has an interesting history; it was originally configured as a triplex for the building’s owner, and was then owned by pharmaceutical giant Cheng Ching Wang, the late father of Vera Wang. Serena and David Steinberg (she’s the daughter of Houston-based real estate mogul Gerald Hines, who’s built projects designed by I.M. Pei, Frank Gehry, and, of course, Robert A.M. Stern) purchased this floor for $6.5 million in 2008, pre-reno, and subsequently brought on Stern. After such a grand renovation, the owners started seeking a hefty profit back in 2013, originally listing it for $16.5 million. Now, after several price chops, it’s back for a much-reduced price of $9.5 million.
See the full renovation
We first got wind of the potentially record-setting penthouse listing at 220 Central Park South back in March, when it was reported that the unit could sell for between $150 and $175 million. In June, sources said that a Qatari billionaire was looking to combine multiple apartments in the Robert A.M. Stern-designed building to create a $250 million mega-penthouse. Then last month, the Post speculated that another high-profile buyer was Ken Griffin, the billionaire hedge fun tycoon who is currently in the midst of a messy divorce from wife Anne Dias-Griffin (she’s asking for $1 million a month in child support). Now the paper reveals that it’s Griffin who’s looking to snatch up the $200 million+ penthouse in what’s being called the “billionaire’s bunker.”
More details this way
Image courtesy of Desimone Engineering
Billionaire’s Row‘s race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado’s 220 Central Park South development has an early lead against Extell Development’s significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.
See new images of the tower here
Starchitect Robert A.M. Stern certainly made headlines last week, with floorplans for two of his supertall billionaire’s row towers coming to light (520 Park Avenue and 220 Central Park South). And it’s these type of ground- and record-breaking urban projects that we’ve come to associate with the architect, who favors stately and classic buildings over the zig-zagging glass towers of his peers.
But long before the days of 15 Central Park West, Stern was beginning his architecture career with much humbler projects, like this Hamptons home, an unorthodox take on the shingle style that he completed just a few years after architecture school. The 3,000-square-foot, postmodern vacation house is on the market for $2.95 million, offering architecture buffs the chance to own a piece of history.
Take a tour around the Stern-designed residence here
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
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!
- Watch a video profile of starchitect Robert A.M. Stern, exploring his life, career, and noted accomplishments. [PBS]
- The Rockaway Waterfront Alliance is proposing an ambitious park under the elevated A tracks called Project Underway. [Brownstoner Queens]
- Video “Down Orchard Street” looks for the remaining bargain district vendors. [Bowery Boogie]
- Hell’s Kitchen residents dig hot dogs, and Upper East Siders love French food. Yelp has put together a map of both the surprising and predictable popular cuisines of Manhattan neighborhoods. [DNAinfo]
- New television series “My City’s Just Not That into Me” matches intrepid city dwellers with their ideal piece of real estate. [Curbed]
Images: Project Underway rendering via Rockaway Waterfront Alliance (L); Soul food via Wiki Commons (R)
Robert A.M. Stern‘s 520 Park Avenue has already been called “the next 15 Central Park West,” and like its Stern predecessor, 520 is an ultra-luxury development with a stately façade wrapped in stone. Set to be completed in 2016, it will rise 51 stories high, but contain just 31 units, one of which is the $130 million penthouse, the city’s most expensive apartment. And though most of the attention has been on “the greatest apartment on the Upper East Side,” the fanfare has now shifted to the first batch of interior renderings for the building.
520 Park’s full website is now live, and not surprisingly, the residences have classic layouts, impressive Central Park views, and a host of high-end amenities.
Take the tour here
15 Central Park West is frequently in the news—whether it’s because a new celeb has moved in, or that it’s recorded yet another blockbuster sale. But standing far from the limelight is the building’s architect, Robert A.M. Stern, who, like his buildings, opts for the stately, subdued and classic over the winding and twisting standalones of his contemporaries. “We have a lot of silly buildings being built, in my opinion. The buildings should not look like Lady Gaga,” the architect says. In the latest installment of the Louisiana Channel Stern discusses what might be his most famous project, 15 CPW, and why he strives for buildings that complement, not dominate.
Watch the interview here
, Fri, September 26, 2014
Tucked away within the austere limestone façade of Architect Robert A.M. Stern’s 15 Central Park West is this fabulous apartment courtesy of Carl D’Aquino and Francine Monaco of New York-based design firm D’Aquino Monaco. Every single room is a treat to the senses, with bold splashes of color and unusual finishing touches combined to create a living space as cozy as it is quirky.
Tour the colorful and whimsical home here