The Real Deal New York

Posts Tagged ‘one57’

  • From left: 220 Central Park South and One57

    From left: 220 Central Park South and One57

    Long term residents of the so-called “Billionaire’s Row” are increasingly leaving the stretch as rapid, high end development is transforming their neighborhood. [more]

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  • extell

    Gary Barnett (credit: STUDIO SCRIVO) and 123 West 57th Street in Midtown

    Gary Barnett’s Extell Development is in talks with the Calvary Baptist Church to acquire the church site at 123-141 West 57th Street for a project separate from the nearby One57.

    Calvary Baptist owns both the church and the Salisbury Hotel on the 191,000-square-foot site, between Sixth and Seventh avenues. FXFOWLE Architects and the architectural team at Extell are working on a design proposal, according to public records cited by the Wall Street Journal. The details of Extell’s plans for a site — if the deal closes — were undisclosed. [more]

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  • Gary Barnett and a rendering of One57

    Gary Barnett and a rendering of One57

    After a lull in sales, activity at One57 has picked up in the past few days, most recently with the $27 million sale of a 63rd-floor apartment in the Extell tower.

    Sponsor unit 63B, which was not listed on StreetEasy, went into contract in August and closed earlier this month for $27.13 million, property records filed with the city today show. [more]

    3 Comments
  • one-57

    157 West 57th Street in Midtown, and Noble Black

    Chicago-based investor SSO Enterprises flipped a condominium unit at One57 for a profit of nearly $4 million, having paid $30.6 million for it in May and unloading it for $34 million this week.

    The three-bedroom unit on the 58th floor at Extell Development’s forthcoming high-profile residential tower was on the market for $40 million as a sponsor unit. Hedge-fund manager Harvey Sandler and his wife Phyllis acquired the 4,483-square-foot resale unit for $34 million. [more]

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  • Miller Samuel President and CEO Jonathan Miller

    Miller Samuel President and CEO Jonathan Miller

    Only two units at Extell Development’s One57 went into contract in the first half of the year, following a three-month period at the end of 2013 when none of the pricey condos sold. Is that simply because they’re priced too high?

    The issue is actually less a question of demand than supply, Miller Samuel President and CEO Jonathan Miller said during an appearance on Bloomberg TV. They were really one of the first in and very aggressive in pricing, but overshot the market, he said. Click here to see the video.

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  • From left: One57, 220 Central Park South and 520 Park Avenue

    From left: One57, 220 Central Park South and 520 Park Avenue

    In another sign of trouble at the top of New York City’s housing market, the abundance of new ultra-luxury condominiums for sale is sapping the urgency out of the hunt for a high-end home, real estate professionals say.

    At Extell Development’s One57, just two units went into contract through the first half of the year, Bloomberg News reported. That follows a three-month period at the end of last year when no condos sold, according to the news site. [more]

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  • Moma-Tower-Front

    From left: Jean Nouvel, 53 West 53rd Street rendering and floor plans

    Floor plans for the Jean Nouvel-designed MoMa tower planned for Midtown reveal that the largest penthouse will be nearly 19 times the size of the smallest staff apartment. Developer Hines disclosed those figures in an application filed last month to sell condominium units at the 1,050-foot skyscraper. Click here for a slideshow and more.

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  • From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    A new luxury hotel is coming to billionaire’s row. [more]

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  • View from the Park Hyatt New York's Spa Nalai

    View from the Park Hyatt New York’s Spa Nalai (Credit: Mella Robinson for Business Insider)

    Earlier this month, the luxury hotel chain Park Hyatt opened its flagship New York location, Park Hyatt New York.

    Housed inside the near-complete condo One57 on 57th Street, Park Hyatt is 25 floors of sheer elegance and opulence. Rumor has it, in fact, that the Park Hyatt New York could become the first new five-star hotel in New York in more than 11 years. [more]

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  • Cohen-Missry-Polevoy-One57

    From left: Bruce Cohen, Morris Missry, Martin Polevoy and One57 at 157 West 57th Street (Photo credit: John Cahill)

    Within the lofty heights of New York City commercial and residential real estate world, it’s often a given that as the prices rise, the number of industry professionals equipped to service such buyers and sellers, declines. [more]

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  • One57 unit sells for $32.5M

    August 08, 2014 06:00PM
    Closed sales at Barnett's One57 now total nearly $450 million

    Closed sales at Barnett’s One57 now total nearly $450 million

    The latest in a series of bumper sales at Gary Barnett’s One57 is a 63rd-floor pad that a mystery buyer just picked up for $32.5 million, according to property records filed with the city today. That’s a little over $7,250 per square foot. [more]

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  • From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

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  • From left: Alicia

    From left: Alicia Glen, Aby Rosen and Robert A.M. Stern

    From the July issue: In this month’s in their words feature, Aby Rosen gets honest about Extell Development’s One57 project. Starchitect Robert A.M. Stern explains suburbs in a health-related metaphor. Lastly, Alicia Glen, the deputy mayor for housing and economic development, discusses the not-so-top priority of the Midtown East rezoning. [more]

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  • A rendering of the New York City skyline in 2020

    A rendering of the New York City skyline in 2020

    Midtown Manhattan is already home to a huge number of skyscrapers, but the next generation of towers being built between 53rd Street and the south side of Central Park will be even taller. [more]

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  • The Park Hyatt New York

    The Park Hyatt New York

    WEEKENDEDITION Hyatt Hotels is hoping to make its Park Hyatt New York, which is opening next month at the base of One57, Manhattan’s first new five-star hotel in nearly a decade. [more]

    1 Comment
  • From left: The Pierre, One57 and 15 Central Park West

    From left: The Pierre, One57 and 15 Central Park West

    The most expensive apartments in New York City’s wealthiest neighborhoods are often vacant for large chunks of the year. [more]

    6 Comments
  • Sales slow amid luxury condo glut

    June 13, 2014 12:40PM
    From left: 157 West 57th Street and 432 Park Avenue

    From left: 157 West 57th Street and 432 Park Avenue

    Has the supply of New York’s high-end condominiums finally outpaced billionaires’ appetite to buy?

    Sales are slowing at the city’s priciest new developments, a sign that the supply of luxury units has finally caught up with demand, according to the New York Daily News. [more]

    3 Comments
  • One57 condo goes for $19M

    June 09, 2014 10:27AM
    Rendering of 157 West 57th Street

    Renderings of 157 West 57th Street (Photos by Evan Joseph)

    A couple currently residing at Columbus Circle shelled out $19 million last month to snag a condo a few blocks away at One57, city records show. [more]

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  • Aby Rosen slams One57

    June 03, 2014 11:00AM
    From left: Aby Rosen, One57 and Tom Wolfe

    From left: Aby Rosen, One57 rendering and Tom Wolfe

    No New York institution is seemingly safe from the opinion of real estate mogul Aby Rosen. [more]

    13 Comments
  • 157 West 57th Street

    157 West 57th Street

    Another unit at One57 has sold for a hefty price. [more]

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