A record-shattering $238 million purchase of a Manhattan penthouse at 220 Central Park South came at the hands of billionaire and Citadel hedge fund founder Ken Griffin. The sale of the 24,000 square foot apartment makes it the highest-priced home ever sold in the United States. The four-story residence is part of a 66-floor near-supertall development by Vornado Realty Trust, and has 16 bedrooms, 17 bathrooms, five balconies, and a terrace facing Central Park.
Robert A.M. Stern
The Union Theological Seminary is working to sell air rights to Lendlease and L+M Development Partners to create a 42-story tower in Morningside Heights. Robert A. M. Stern Architects is designing the new mixed-use building, which will stand 466 feet to its pinnacle, easily making it the tallest in the neighborhood. The project is part of a $125 million rehabilitation initiative which will also include much needed renovations to the Seminary’s 119-year old campus.
As the 13th-tallest skyscraper under construction in New York City, Robert A. M. Stern’s 220 Central Park South was the third new major residential tower to rise along Billionaire’s Row, just after One57 and 432 Park Avenue. Enclosed in Alabama Silver Shadow limestone, the upcoming 950-foot building yields 70 floors of some of the most prime real estate in New York City, overlooking Central Park and Midtown. Vornado Realty Trust is in charge of the development, while SLCE Architects is the architect of record. The project sellout is expected to be around $3.4 billion.
Situated to the east of the Sherry Netherland, between Madison Avenue and Park Avenue, 520 Park Avenue, aka 45 East 60th Street, is now receiving its finishing touches. The 64-story and 781-foot-tall residential tower was designed by Robert A. M. Stern Architects, and contains 33 condominiums across nearly 178,000 square feet, averaging around 5,400 square feet apiece. The site sits in Lenox Hill on the Upper East Side, along East 60th Street. Zeckendorf Development, Park Sixty LLC, and Global Holdings Inc. are the developers while SLCE Architects serves as the architect of record. The skyscraper is the 21st-tallest tower currently under construction across the Five Boroughs, and the tallest on the Upper East Side.
One Wall Street is in the midst of a huge $1.5 billion makeover as the 51-story Art Deco gem is converted from office use into 566 residential units, topped with a triplex that may fetch $40 million. At street level, significant activity can be seen, as parts of the facade have been removed to make way for the retail section in the building that will bring a Whole Foods to the Financial District.