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New Video Highlights Central Park Tower as the Tallest Residential Building in the World

Adrian Smith + Gordon Gill have released a new video featuring Central Park Tower. The future 1,550-foot tall skyscraper will soon eclipse 432 Park Avenue as the tallest residential building in the world. The site is addressed as 217 West 57th Street, and will be the tallest skyscraper on 57th Street, aka “Billionaire’s Row,” within the next few months. Recent photos also show construction getting closer to the 137-story pinnacle.

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$238 Million Sale of 220 Central Park South’s Penthouse Shatters National Record

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.

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New York YIMBY’s 2019 Construction Report Shows Impressive 70% Year-Over-Year Surge in Multi-Family Housing Filings

Once again, January has arrived, alongside New York YIMBY’s annual pipeline report. After our mid-2018 update portended a banner year for new construction, the 2019 report has confirmed it, as the total number of multi-family units filed with the Department of Buildings saw a tremendous surge over the past 365 days. 2018 saw 32,580 multi-family units filed with the DOB, beating 2017’s total of 19,180 units by a whopping 70%. The full 2019 report, containing all 2,482 of 2018’s new building filings in spreadsheet format, is available at the following link for $199.

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