Skinny apartment towers on the rise

New York /
Nov.November 16, 2012 08:30 AM

They say you can never be too rich or too thin — real estate is no different. Increasingly skinny apartment towers are growing all over New York City, the Wall Street Journal reported.

While generally residential towers have been at least 10,000 square feet wide, these days architects are eschewing that convention, the paper said. For example, 432 Park Avenue, designed by Rafael Viñoly, is expected to have approximately 8,250-square-foot floors, while One57 has floors as small as 6,240 square feet. And, towering above Madison Square Park, is the Cetra/Ruddy-designed One Madison Park, with its tiny 3,300-square-foot floors.

But while thin towers afford a more exclusive feel, and many apartments with great views, the paper said, there are drawbacks to this new building style.

“It’s definitely not easy or cheap,” Michael Stern, managing partner of JDS Development Group, which is planning a 43-foot-wide tower down the block from One57, told the Journal. [WSJ] –Guelda Voien


Related Articles

arrow_forward_ios
American Copper Buildings at 626 First Avenue (SHoP Architect)
Black Spruce snaps up American Copper Buildings for $850M
Black Spruce snaps up American Copper Buildings for $850M
Joe Chetrit and a rendering of the Two Bridges project (SHoP Architects)
Joe Chetrit buying Two Bridges site
Joe Chetrit buying Two Bridges site
Ron Moelis, CFO and Founding Partner at L+M, and David Thompson, CFO and Principal at CIM, with the Two Bridges project (L+M, CIM, SHoP Architects)
CIM Group, L+M Development file plans for 1.3M sf Two Bridges tower
CIM Group, L+M Development file plans for 1.3M sf Two Bridges tower
JDS founder Michael Stern and US Crane & Rigging LLC Owner Thomas Auringer with the complaint and 111 W. 57th Street (Supreme Court of New York, 111 W 57, Facebook via Auringer)
Michael Stern’s JDS sues crane company at 111 West 57th Street for $50M
Michael Stern’s JDS sues crane company at 111 West 57th Street for $50M
Construction worker accuses JDS Development of discrimination
Construction worker accuses JDS Development of discrimination
Construction worker accuses JDS Development of discrimination
Michael Stern of JDS Development
Michael Stern forms $200M SPAC with former Citadel analysts
Michael Stern forms $200M SPAC with former Citadel analysts
JDS Development's Michael Stern and 613 Baltic Street (JDS, VOA Architecture)
Michael Stern-owned condo project files for Chapter 11 bankruptcy
Michael Stern-owned condo project files for Chapter 11 bankruptcy
A Columbus Circle apartment once owned by Tom Brady and Gisele Bundchen  went into contract last week, helping the Manhattan luxury home market finish February on a high note. 551 West 21st Street on the right. (Photos via Compass, Getty, Foster and Partners)
Manhattan luxury market has best month in six years
Manhattan luxury market has best month in six years
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...