NewDevelopment

111 West 57th Street Reveals New Interior Renderings on Website

 

111 West 57th Street rendering

There've been rumblings about the sales gallery and model unit for 111 West 57th Street, JDS and Property Markets Group's supertall tower designed by SHoP, since the winter, with a few peeks inside. Now, there's a full website for the building, and while no pricing has been revealed (a tipster sent over an "Availability" section, which PR for the building has confirmed is inaccurate), there are some new looks inside, including one of a duplex in the building.

The tipster also pointed out a floorplan on the site, which shows the entryway to the building, which is interesting in and of itself: It shows how the old Steinway Piano storefront will be integrated into the building, along with features like a porte cochere (which will face 58th Street), an elevator for the tower residences, and a gallery off the main lobby.

There's also now a "Views" section on the site showing, well, the views from the supertall tower, which will be more than 1,400 feet high when completed.

UPDATE: An earlier version of this post included pricing information for the building, which a spokesperson has since confirmed was from a placeholder, and is not accurate. We've removed that information, and Curbed regrets the error.

First Look at Rafael Viñoly's Boxy Chelsea Office Building - Development Update-o-Rama - Curbed NY

A recent Crain's article about the trend of "boutique office properties" offers one particularly interesting tidbit for the architecture-obsessed: the first rendering of Rafael Viñoly's latest NYC commission, an office building at 61 Ninth Avenue.

Viñoly's building will replace the nearly century-old Prince Lumber, a holdover from the Meatpacking District and Chelsea's industrial days. The new structure will stand nine stories, with 115,000 square feet of office space and 37,000 square feet devoted to retail. Though it's shorter and squatter than the Uruguayan architect's best-known NYC project, 432 Park Avenue, it has some of the same boxiness that defines that supertall building. (But is this one inspired by a trash can, or some other quirky quotidian object?)

Construction is set to start by the middle of this year, with an anticipated completion date of 2018—and the whole thing will cost $100 million. But according to Crain's, rents in the building will likely start at $150 per square foot, which is double the average for Class A spaces in Midtown, so the developers shouldn't be in the red for long.

 

Source: First Look at Rafael Viñoly's Boxy Chelsea Office Building - Development Update-o-Rama - Curbed NY

Developers Swapping Penthouses For Top Floor Amenities - The Real Deal

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From left: Renderings of 626 First Avenue in Murray Hill (credit: JDS Development) and the One Thousand Museum in Miami (credit: One Thousand Museum)

A luxury Manhattan penthouse is one of the world’s great status symbols, but some developers are forgoing whole-floor units at the top of their buildings and instead creating shared amenities spaces for all residents.

JDS Development’s two-towered rental building at 626 First Avenue in Murray Hill will offer tenants access to a rooftop deck and an infinity pool, a fitness center and a spa on the top floor of its East tower.

The project, set to be completed in 2017, will be composed of two “dancing” towers – one 40 stories and the other 49 stores – leaning into one another, with a sky bridge connecting them. SHoP Architects is designing the project. Studio apartments there will start at around $2,800, the Wall Street Journal reported.

In July of last year, JDS secured a $390 million loan from Cornerstone Real Estate Advisors, a division of Massachusetts Mutual Life Insurance Co. JDS bought the property from Sheldon Solow for $172.1 million in 2013.

The Zaha Hadid-designed One Thousand Museum in Miami will also feature a “public penthouse space” with a sunbathing terrace, a bar, a private dining room, and a theatre, according to the developer Louis Birdman. [WSJ]Ariel Stulberg

- See more at: http://therealdeal.com/blog/2015/12/04/developers-swapping-penthouses-for-top-floor-amenities/#sthash.UCM4D5Ab.dpuf

Source: NYC Penthouse | 626 First Avenue | JDS Development

Robert A.M. Stern To Design 'Opulent' Sony Building Condos - Curbed NY

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The long-awaited conversion of Philip Johnson's Sony Building at 550 Madison Avenue is finally making some progress. The project—called, somewhat blandly, 550 Madison—launched a teaser site last night, which has few details beyond some architectural information and the team behind it (which includes Chetrit Group, which bought the building for $1.1 billion in 2013), but we've got the scoop on plans for the iconic Midtown building—which includes an assist from Robert A.M. Stern. As previously reported, the conversion of Johnson's building will include pricey condos—but the current plan differs from what we previously knew about the building. Instead of 96 units, the residential portion of the building will have 113 condos designed by none other than Robert A.M. Stern Architects. They'll occupy floors 21 through 43 of the building. (A spokesperson has yet to confirm if the pricing and floorplans that were previously revealed for the building are still accurate, but we'll update with that info when we can.) There will also be a hotel portion, which will be operated by Oetker Collection, the hospitality group responsible for Hotel du Cap-Eden-Roc in France; the "New York masterpiece" (that's the tagline for the hotel, not the official name) will be a 170-key hotel will have 60 fancy suites, along with predictably over-the-top amenities like a 25-meter pool, a spa, and an upscale restaurant. Those amenities will also be available to the ultra-wealthy residents of the building's condos. And finally, there will be luxury retail on the ground floor. So there you have it: Midtown is getting another pricey hotel-condo hybrid, in the vein of buildings like One57 (which has a Park Hyatt hotel on its lower floors). Though construction has yet to begin on 550 Madison, it's expected to open in early 2018. Source: Robert A.M. Stern To Design 'Opulent' Sony Building Condos - Coming Attractions - Curbed NY

Behold, the Interiors of Extell's 80-Story Lower East Side Condo - Curbed NY

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Extell's Lower East Side tower dubbed One Manhattan Square, now on the rise alongside the base of the Manhattan Bridge, hasn't made many friends in the neighborhood. Maybe that's why the developer chose to launch sales of the $1-$3 million condos abroad before availing them to the states. Whatever the case may be, The Low Down got its hands on some of the overseas marketing materials which now bring a first, very comprehensive look inside the 850-foot building. In addition to first renderings of the 80-story tower's apartments, which will be designed by Meyer Davis, the materials also show off the building's surrounding gardens and the remainder of its 100,000 square feet of amenities, which are as over-the-top as they promised to be.

A full look at the pamphlet via The Low Down, this way.

Source: Behold, the Interiors of Extell's 80-Story Lower East Side Condo - Rendering Reveals - Curbed NY

NYC Tiny Apartments Are HERE! - Curbed NY

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Floor plans for the city's first micro-unit development, Carmel Place have been unveiled, Buzz Buzz Home reports, along with a series of new images of the interiors of the micro dwellings.

The floor plans of eight units have been listed so far and range in price from$2,650 per month for a 265 square foot studio to $3,150 per month for a 355 square foot studio. Residents will start moving in as early as February 2016.

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The development features a total of 55 apartments. Almost 40 percent of those are affordable. Eight apartments have been set aside for veterans. The project, located at 335 East 27th Street is being developed by Monadnock Developmentand has been designed by nArchitects. The building also comes equipped with a ton of cushy services.

 

Source: See the Tiny Floorplans For Carmel Place's Micro-Units - Microdwellings - Curbed NY

Most Expensive Condo Buildings In NYC - Curbed NY

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New York’s most expensive new condominium buildings get plenty of attention, but it’s nonetheless easy to forget just how expensive they, as a group, are (at least in the eyes of their developers). Just 12 buildings are projected to sell out for a total of $20 billion dollars, 44 percent of the total projected sellout of all 200 condo projects currently being built in Manhattan, according to a chart produced by CityRealty. (The analysis included planned and completed new condos where less than 50 percent of the units have closed, which is why One57 didn’t make the cut.) The heaviest hitters are also among the most famous: CIM Group and Macklowe Properties’ 432 Park Avenue, which projects a total sellout of $3.1 billion; Vornado Realty Trust’s 220 Central Park South, with a total projected sellout of $3 billion; and Hines’ 53 West 53rd Street, the MoMA Expansion Tower, with a total projected sellout of $2.2 billion. Though, buildings often fall short of the projected total sellout. It’s a good thing developers think they’ll hit such high revenues, because their costs are reportedly sky high as well. Earlier this month, The Real Deal reported that Vornado was spending $5,000 per foot to build the Robert A.M. Stern-designed 220 CPS. [CityRealty] – Ariel Stulberg Source: Most Expensive Condo Building NYC | Condo Development NYC

The d'Orsay Will Bring 21 Luxury Condos To West 14th Street - Curbed NY

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Developer Adellco has finally revealed its plans for the West 14th Street site it purchased for $27.65 million in April 2014. It should come as no surprise that the site between Seventh and Eighth avenues will give rise to condos, but what is surprising is that the developer has tapped notable French architect and interior designer Jacques Garcia, whose work includes the Nomad Hotel and the Decorative Arts Galleries at The Louvre, to design the building's interiors. The project will be Garcia's first multifamily residential building in the city. Goldstein Hill & West is designing the 11-story building, which will go by the name The d'Orsay. The d'Orsay will have 21 one- to four-bedroom residences starting from $1.675 million, as per the building's newly-launched teaser site. Building amenities will include a drawing room, gym, spa with a plunge pool, rooftop garden, full-time concierge, as well as bicycle storage and private storage rooms available for purchase. Although only one official render for the project is out there to-date (↑), a fencepost rendering of the building surfaced in September. It hints that some of the building's condos will also come with private outdoor space. Sales will launch in January 2016 with Mary Ellen Cashman of Stribling Marketing Associates. Closings are anticipated at the end of 2016. Construction at the site is ongoing. Source: The d'Orsay Will Bring 21 Luxury Condos To West 14th Street - Development Watch - Curbed NY

St. John's Terminal Redevelopment Gets First Renderings - Curbed NY

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The redevelopment of the St. John's Terminal site could bring over 1,500residential units, many of them affordable, to the West Village, and the first images of what that project could look like are finally out, The Villager reports. Local residents aren't too thrilled about the proposed development, which entails razing the existing 1 million-square-foot St. John's Terminal building and erecting a 1.7 million-square-foot multi-building project, despite the benefits the developers say it would offer the community. For the time being, the plan is conceptual; it still needs to pass through a uniform land use review procedure (ULURP) before getting the go-ahead.

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In a community meeting held this month, project architect COOKFOX presented designs for the Atlas Capital Group- and Westbrook Partners-developed project. The development's highlights include 500 units of affordable housing, of which 175 units are just for seniors. A little number crunching turns back that, at that rate, one-third of the projects apartments will be affordable, which is well above what's par for the course.

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Here's how the plan breaks down: The tallest residential building proposed for the site, at 430 feet tall, will be fully market rate and sit at the northern end of the development. The 175-unit senior housing building will also be in this area, as will 40,000 square feet of retail—the developers suggest bringing in a Trader Joe's. There's also an additional 105,000 square feet of basement space for a big box-type store, as per the developer's suggestions. The middle section of development will include a smaller residential building with almost equal market rate and affordable apartments spread throughout, and a small garden adjacent to this building would connect it to the another fully market-rate residential building. The southern portion of the development will hold a set of mews and a350-room hotel.

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The plan also includes publicly accessible park space. When St. John's Terminal was still in use, platforms connected it to the elevated railway track that now makes up the High Line. Under COOKFOX's plan, those platforms will be converted into mini elevated park space, much like the High Line.

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If the plan moves forward, the developers will pay $100 million to the city to purchase Pier 40's air rights for the redevelopment of the terminal. In turn, those funds can be pumped back into the crumbling pier, which is in urgent need of repair.

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Neighborhood residents are so up-in-arms because they believe the development does not address the burden it will add to the limited amount ofschools in the area, the fact that they need more medical facilities, and how the flood protection mechanism for this development might endanger the homes of other residents in the area.

"The tallest building in this plan is equal to the Trump Soho," Andrew Berman, the director of the Greenwich Village Society for Historic Preservation, told The Villager. "The overall project is equal to six Trump Sohos."

If the proposed development does not pass the ULURP process, the developers may move ahead with an as-of-right development, which wouldn't allow for the residential buildings the developer is looking to add.

At the community meeting, the developers assured that this will be the first of several discussions with the community in terms of designs and proposals before the project moves forward.

Source: St. John's Terminal Redevelopment Gets First Renderings - Hudson River Park Watch - Curbed NY

New Glassy Skyscraper in Midtown East Will Look Like It’s Being Pulled Apart - TheRealDeal

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A new Midtown East tower will look like it’s being pulled apart: The floors will be vertically separated and supported by smooth, white beams, like ligaments stretching between the floors. Or, like chewing gum suspended between the sidewalk and a shoe.

The latest renderings of 303 East 44th Street show a slender glass tower whose floors are separated by 16-foot gaps and supported by elegantly sculpted concrete beams. The effect is that the building looks like it is being slowly stretched, as if the floors were glued together or stuck together with gum, said the building’s architect, Eran Chen, founder of ODA New York. Recognizing this might not be the most flattering comparison, Chen said the beams are sculptures that capture movement and express the tower’s identity as a residential building.

“It really expresses this dramatic act of separating what we used to see as a monolithic tower into a series of smaller pieces,” said Chen. “We’re used to seeing New York City towers as monolithic, huge testaments of corporate power. The minute it becomes residential, it doesn’t have the same scale and it shouldn’t express the same thing.”

Cross section of 303 East 44th Street

Rendering of 303 East 44th Street

The gaps between the floors create private outdoor gardens for 11 units, starting on the 23rd floor of the 41-floor building. Earlier renderings of the project didn’t include the beams, since the floors were supported by the building’s core, achieving a series of “floating gardens.” Such a structure proved too expensive, Chen said, so the beams were added to instead create “sculptured gardens.” The beams also serve to protect the gardens against wind. Five of the gardens are each split by two units, each apartment featuring 1,000 square feet of space, according to Juan Urrutia, a spokesperson at ODA. The penthouse has access to the sixth garden, which has 2,000 square feet of space.

It’s a design that falls in line with many of ODA’s buildings, which often feature a sort of purposeful dissection: Geometric voids carved into the structures to create personal — often outdoor — spaces. The component is clearly seen in a number of ODA’s resi designs — including 100 Norfolk Street, 15 Renwick Street, 275 Fourth Avenue and 510 Driggs Avenue — where outdoor terraces spring from the building’s chiseled negative space. Even the architecture firm’s website plays with this theme: Its loading cursor moves like a self-aware Tetris piece.

The concept at 303 East 44th is among a number of unconventional projects sprouting in Midtown East. SHoP’s “dancing towers” at 626 First Avenue, developed by JDS Development, consist of two bent buildings with copper facades that are connected by a skybridge. SL Green’s One Vanderbilt, designed by Kohn Pedersen Fox’s, will be the first building in the neighborhood to surpass the Chrysler Building’s height. Famously, the design of Macklowe Properties’ and CIM Group’s 432 Park Avenue was inspired by a trash basket.

Benjamin Stavrach, director of leasing and property management at Triangle Assets, the building’s developer, said construction will likely begin in either April or May. Triangle bought the site in 2008 for $10.1 million.

Rendering of terrace up close (inset: Eran Chen)

Rendering of terrace up close (inset: Eran Chen)

Though the ODA’s design will turns heads, Chen doesn’t think it will be out of sync with its neighbors, which include the United Nations and the Chrysler Building. He said the building’s design is “contextual,” in that it embodies its purpose as a residential building. The gaps not only provide outdoor space, but they also lessen the wind load impacting the building, something that other skinny skyscrapers accomplish with unused gaps throughout. Chen also said that private gardens will soon be an expected amenity.

“There’s going to be a time in New York City where living without a substantial outdoor space is just going to be unacceptable. It’s going to be like living in the suburbs without a backyard,” Chen said. “All these towers that don’t have them are going to lose their value.”

Unlike some other high-end buildings, there’s a certain honesty innate in 303 East’s segmented design, Chen said.

“You always look at this kind of tower and think they’re occupied by really rich people, and you say to yourself ‘How many people actually live here?’ There’s no way to know, but here you can really count them,” he joked. “Don’t you think it’s great? Literally you can sit down and say, there’s [11] bastards that actually have the gardens that I don’t have.”

- See more at: http://therealdeal.com/blog/2015/11/11/a-new-glassy-skyscraper-in-midtown-east-will-look-like-its-being-pulled-apart/#sthash.mJI6bqs5.dpuf

Renderings of 303 East 44th Street show a slender glass tower whose floors are separated by 16-foot gaps and supported by elegantly sculpted concrete beams.

Source: 303 East 44th Street | Eran Chen | Architecture Design NYC

As Desire for Pricey Apartments Wane, Developers Split Full-Floor Condos at 432 Park Ave. Into Two - Crain's

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The developers of 432 Park Ave. have split full-floor apartments at the 1,396-foot tall tower in half in a move that may signal a slowdown in sales for $50 million-plus apartments. With several other high-profile condo projects underway, sales at 432 Park Ave. have been closely watched as a bellwether for the super high-end segment of the city’s residential real estate market. There is some concern that there aren't enough buyers who can afford apartments priced in the tens of millions of dollars—an increasingly common figure for the latest crop of ultra-luxury condos.

In what could be a concerning sign for upcoming projects, 432 Park Ave.'s developers, CIM and Harry Macklowe, have cut five full-floor apartments on floors 91-95 of the tower into two: sized 4,400 square feet and 3,600 square feet. The smaller units have asking prices of $40.25 million and $39.75 million, respectively. The move comes as the sale of the palatial pads have slowed.

That's far bit less than the asking price for full-floor units. One full-floor apartment remains available at the property—an 8,000 square-foot unit on the 88th floor. The developers are asking $76.5 million for that apartment.

Richard Wallgren, an executive vice president at Macklowe Properties who is leading sales and marketing at 432 Park Ave., said the decision was made on a bet there will be more buyers willing to bite at that price point.

So far, more than 70% of 432 Park’s 106 units are in contract to be sold, with prices ranging from $7 million for a handful of one-bedrooms all the way up to $95 million for the spire’s 8,000-square-foot penthouse, which sits on the 96th floor. Closings for the apartments will begin either by the end of the month or in December depending on when the developers receive a temporary certificate of occupancy from the city.

Both the penthouse and the building’s one-bedrooms are among the collection of apartments of varying sizes in the tower that are in contract and scheduled to begin closing. The closings for the existing units in contract will likely run though the end of January. The building, which has been under construction since 2011, is set to be completed in mid-2016. The sales figures have made the $1 billion project a success, Wallgren said.

In a recent interview on the tower’s 38th floor, in an unsold 4,000-square-foot model apartment built to showcase the finishes that buyers can opt to request  the developers install, Wallgren shared with Crain's more information on the type of buyers the project has attracted. Wallgren estimated the average age of buyers to be about 55 and said several will use their apartment as their primary address and will even raise families there.

About 65% are American and within that group about half are New Yorkers, he said. The other half are from California and there is one buyer from Chicago. The remaining 35% of buyers are foreigners from a host of countries, including Turkey, Saudi Arabia, China, Russia, Greece and Brazil.

“We have local New Yorkers that will raise toddlers here and young children who go to private schools on the Upper East Side,” Wallgren said.

Even though a completed apartment sale will trigger deed filings cataloged by the city, it will still be difficult for the general public to determine the actual identity of buyers because most tend to purchase their units using limited liability companies.

“Because our prices start at $17 million, nearly everyone is well known,” Wallgren said, referencing the cheapest still-available unit at 432 Park. “They own banks and telephone companies and conglomerates that control trillions of dollars of assets.”

Several of the buyers are also purchasing units for their hired help. In fact, staff suites at 432 Park Ave. have sold so briskly that CIM and Macklowe converted an additional floor, the 34th, into  studio-sized apartments. That floor will join 28 and 29, which have already been reserved for the suites.

“We have had people buy multiple staff suites because they travel with a cook, or a driver, or an assistant,” Wallgren said.

First Look at Downtown Brooklyn's 1,000-Foot Supertall Tower - Curbed NY

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The rising Brooklyn skyline is about to get one edifice that leaves the rest in its shadow, at least figuratively. JDS Development Group's planned 1,000-foot mixed-use tower at 340 Flatbush Avenue Extension in Downtown Brooklyn finally has a first rendering courtesy of New York YIMBY that shows off a shiny and slender supertall. The rendering should be taken with a grain of salt, though—it isn't often, if ever, that the first look at a skyline-changing tower represents what will actually rise. In any case, YIMBY reports that the SHoP-designed tower will stand 90 stories and be composed of 550 residential units and 140,000 square feet of commercial space. The tower will include the integration of the landmarked Dime Savings Bank, but just how that will work out has yet to be seen. YIMBY also reports that Junior's Most Fabulous Cheesecake and Desserts, which shares a block with the development site, will also be razed in the process. This seems unlikely, though, given the restaurant's full-blown rejection of a $45 million cash offer late last year for the site. No demolition permits are on file with the city for the beloved cheesecake destination. [UPDATE: A rep for the project has confirmed that JDS doesn't own the property Junior's sits on. The restaurant will continue on its merry way dishing up cheesecake.] Curbed has reached out for a comment from JDS. Stay tuned. [UPDATE: JDS has declined to comment.] —With writing from Evan Bindelglass.

Source: First Look at Downtown Brooklyn's 1,000-Foot Supertall Tower - Development Watch - Curbed NY

Condo Takes Shape On Central Park's Last Undeveloped Corner - Curbed NY

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Circa Central Park is quickly taking shape at the corner of Central Park West and 110th Street, where Harlem meets the Upper West Side. Images taken by6sqft reveal that almost half the 11-story, 51-condo building now stands at the site. The forthcoming semi-circular glass structure, which sits on the northwest corner of Central Park, is designed by FXFOWLE. Developer Artimus Construction have remained pretty mum on the project, even as it nears its sales launch and passes milestones like the unveiling of its teaser site. When complete, the building will have one-to five-bedroom apartments which will start at just under $1 million.

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Construction work at the site was delayed by a long remediation process owing to the site's former life as a gas station, according to 6sqft. Artimus purchased the property in 2013 for $25 million after going through a selection process for a designer with the state's Economic Development Corporation . The developers will create space for local dance group Millenium Dance Company on the ground floor; 20 percent of the building's 51 apartments are earmarked as affordable. · Construction Update: FXFowle's Circle-Hugging Harlem Condominium Rises Over Central Park [6sqft]

Source: Condo Takes Shape On Central Park's Last Undeveloped Corner - Construction Watch - Curbed NY

220 Central Park South Costing $5,000/SqFt to Build - Curbed NY

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Vornado Realty Trust is spending an extraordinary $5,000 per square foot to develop 220 Central Park South, the real estate investment trust disclosed Tuesday. That price tag includes $1,500 per foot for the land and $3,500 per foot in hard, soft and financial costs, according to Vornado CEO Steven Roth. “The building has the largest loss factor of any building of its type intentionally, so the amenity packages” – including multiple lobbies, a motor court, garage and swimming pools “are extraordinary and are catering to this marketplace,” he said. Roth also revealed that more than half of the building’s 118 units are in contract. Fourteen of the units went for north of $50 million, some with record-breaking price points, Roth added during the company’s third-quarter earnings call.  “Our margins are superb and are holding with each sale,” he said. The total sellout for the luxury condominium project is nearly $3 billion, according to the Attorney General’s office. The Robert A.M. Stern-designed building has seven penthouses, including five units with price tags north of $50 million. Penthouse 73, a 9,500-square-foot condo asking $100 million, is reportedly in contract for more than $10,500 per foot. Two other penthouses, Penthouses 75 and 76, don’t have price tags, fueling speculation that they could be combined into a single, 14,000-square-foot mega-unit. Although buyers haven’t been disclosed, hedge funder Ken Griffin, founder and CEO of Citadel, is reportedly looking to combine multiple penthouses into a $200 million-plus pad. Previously, The Real Deal reported that a Qatari buyer was eyeing a $250 million spread. During the earnings call, Roth said domestic buyers comprise the majority of those scooping up units at 220 CPS. He said 45 percent of buyers are New Yorkers purchasing a primary residence and 30 percent are Americans living in other cities. In the third quarter, Vornado increased its construction budget at 220 CPS by $300 million to a total of $1.3 billion. “A lot of it is catching up the budget, which we should have done three months ago,” said Roth. “A lot of it is expansion of the program, adding cost, delivering more product, better finishes.” But Roth also said construction costs in New York are inflated because of the “enormous number of cranes” in the sky. “There are a handful of contractors who are experts in each trade [and] those guys are running out of capacity,” he said. “There is a bidding premium to get timely delivery of products and services.” Construction at 220 CPS is currently at the ninth floor and is expected to be completed in 2018. Earlier this week, Vornado secured a $750 million term loan for its luxury condo development. That financing came just two months after the REIT upsized its loan from Bank of China, receiving an additional $350 million for a total of $950 million. Tags: 220 central park south, Billionaires Row, luxury condos, Steven Roth, vornado realty trust Source: 220 Central Park South Sales | Vornado Realty Trust

Robert A.M. Stern's 520 Park Avenue Finally Reaches Street Level, $130M Penthouse On Its Way - 6sqft

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Two years since its groundbreaking, Zeckendorf Development’s tower o’ opulence at 520 Park Avenue has finally emerged from its cavernous trench. Set for completion in 2018, the Billionaires’ Row building will climb 54 floors and 780 feet into the Manhattan skyline, becoming the tallest and likely the most prestigious building on the Upper East Side. Envisioned by William Lie and Arthur Zeckendorf, 520 Park Avenue inherits the classically-inspired taste of the real estate dynasty’s prior projects. In the ’80s, their father William Zeckendorf Jr. erected some of the city’s largest post-modern apartment complexes such as Worldwide PlazaZeckendorf Towers, and the Park Belvedere. Here, the developers commissioned the esteemed architect/historian and dean of the Yale School of Architecture Robert A.M. Stern as the designer and SLCEas the architects of record. This team also collaborated together on 18 Gramercy Park South and 15 Central Park West, which shattered apartment records when opened in 2008. Intent on replicating its west side counterpart’s success, the Zeckendorfs again gathered the now-not-so-secret ingredients: a powerful address, palatial apartments, and most importantly, the coveted Central Park view, all of which will culminate in a jaw-dropping $130 million penthouse.

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520 Park Avenue, NYC supertalls, Zeckendorf Development, Robert A.M. Stern Aerial renderings via CityRealty

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc Diagram of the tallest current and upcoming slender skyscrapers in New York City. From left: 520 Park Avenue, 111 Murray Street, 56 Leonard,30 Park Place, 220 Central Park South, One57, 53W53, 432 Park Avenue, 111 West 57th Street, and Central Park Tower. Image courtesy of the Skyscraper Museum

Mirror, mirror on the wall, who’s the slenderest of them all? The project site is only 60 feet wide, making 520 Park among the most slender skyscrapers in the city. Despite its Park Avenue address, the building is actually tucked midblock along 60th Street behind Christ Church, to which the project owes its address and air rights. To garner more floor area, the building will cantilever over much of the adjacent Grolier Club, capturing an additional 30 feet of width.

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520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc From Left: 520 Park Avenue, Sherry-Netherland, and the The Pierre

The tower will rise in relative isolation, roughly to the same height as the Woolworth Building downtown. Nearly all of the building’s 33 full-floor residences will posses views of Central Park since the site lies just outside of Midtown’s canyons and overlooks the protected Upper East Side Historic District. The tower’s cladding of warm Indiana Limestone is designed to soak up natural light and be evocative of the great New York apartment buildings of the 1920s and ’30s. At its pinnacle is a $130 million, three-level, 12,400-square-foot shrine of wealth. Its crown of four corner chimneys strung together by sets of pilasters, will join the fairytale tops of the Pierre and the Sherry-Netherland nearby.

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

Homes begin 170 feet up and cover a minimum of 4,600 square feet of. Amenities include a landscape courtyard, guest suites, private wine cellars, a bi-level health and fitness center, a swimming pool and spa, children’s playroom, and a screening area. Prices begin at $16 million and as 6sqft first reported last March, the developers are projecting a total sellout of $1.2 billion. The $130 million triplex penthouse was the most expensive apartment to hit the market. However, the three top floors of 220 Central Park South(another Billionaires’ Row tower designed by Robert A.M. Stern), is reported to be in contract for a whopping $200 million by billionaire hedge fund manager Kenneth Griffin.

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc

520 Park Avenue, 45 East 60th Street, Zeckendorf Development, Robert AM Stern, RAMS, Central Park nyc The construction site as of this week, via CityRealty

In a recent CNBC interview regarding the development, William L, Zeckendorf told media outlet that they’ve seen more Chinese buyers in the last 60 days than ever before. He also notes, “Probably more likely now than ever. We are seeing more and more interest in New York City from across the world, we’re also seeing record-breaking prices being paid by New Yorkers.”

Source: Robert A.M. Stern's 520 Park Avenue Finally Reaches Street Level, $130M Penthouse On Its Way | 6sqft

Inside 432 Park Avenue - Deborah Berke discusses her design philosophy behind 432 Park Avenue

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432 Deborah Berke discusses her design philosophy behind the residences at 432 Park Avenue. The recently appointed Dean of the Yale School of Architecture explains her vision to balance the scale and beauty of the windows with a layout that flows naturally from grand spaces to intimate spaces.

Luxury Park Avenue Condos: Living Room

Luxury Park Avenue Condos: Kitchen

432 Park Avenue Condos: Master Bath432 Park Avenue Condos: bedroom

Source: Deborah Berke discusses her design philosophy behind 432 Park Avenue | press