One Madison Park
One Madison Park
One Madison Park is a luxury residential condo tower at 23 East 22nd Street and the foot of Madison Avenue. The 60-story tower was originally best-known for the troubled route it took to completion. It is now best-known for the celebrities who have bought into it.
First started in 2006 by a pair of novice developers from New Jersey hoping to cash in on the real estate boom, the tower became mired in lawsuits and financing troubles. It slid into bankruptcy in spring 2010, and condo sales stopped; the tower loomed as a symbol of the real estate crash. A consortium of creditors, including the Related Companies
, CIM Group
and HFZ Capital Group
, took control of the tower, finished it, and repositioned it marketing-wise.
Celebrities such as NFL quarterback Tom Brady
and supermodel wife Gisele Bundchen have since bought condos there. Median magnate Rupert Murdoch bought One Madison Parks top four floors in early 2014 for $57.25 million.
23 East 22nd Street
MADISON R/A SUB, LLC
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One Madison Park
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