Duplex PH at Nouvel-designed MoMA tower to ask $70M-plus

Sales at 53 West 53rd Street slated to launch next week

TRD New York /
May.May 15, 2015 05:17 PM

Sales at the Jean Nouvel-designed condo tower at 53 West 53rd Street in Midtown are set to commence next week, with prices at the 139-unit building starting at $3 million and its duplex penthouse asking more than $70 million.

The long-delayed project was conceived in 2006 before being shelved amid the financial crisis. The 82-story, 1,050-foot tall tower will rise near the corner of Sixth Avenue, between West 53rd and West 54th Streets, on land once owned by the adjacent Museum of Modern Art.

Floor plans revealed last year placed the building’s total residential space at more than 442,000 square feet.

Houston-based Hines, which is developing the project with Goldman Sachs and Singapore-based Pontiac Land Group, is hoping to take advantage of a market that has transformed Midtown into a “billionaires district” of luxury condo developments, according to Bloomberg.

Hines closed on an $85.3 million purchase of air rights in September that helped push the tower’s development forward, as The Real Deal reported.

Amenities at the building include a movie theater, a private dining room overlooking Central Park and temperature-controlled wine vaults. Residents can also buy studio apartments on the 14th through 16th floors for their personal-service staff. [Bloomberg]Rey Mashayekhi


Related Articles

arrow_forward_ios
Jho Low and the Time Warner Center at 25 Columbus Circle (Credit: Getty Images)

Financier at center of 1MDB fraud case agrees to give up hundreds of millions of dollars

70 Pine Street and Goldman Sachs chairman Lloyd Blankfein (Credit: Wikipedia and Getty Images)

Goldman Sachs refis Art Deco apartment conversion at 70 Pine with $386M loan

247 Metropolitan Avenue in Williamsburg (Credit: The Pod Hotel)

Goldman Sachs provides $90M loan to refinance hotel in Williamsburg

Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock)

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut

Uber founder Travis Kalanick (Credit: Getty Images and iStock)

Investors bet on restaurants’ move to
delivery-only

An office built in a shipping container

A wave of venture capital is pouring into construction tech sector

From left: Ryan Simonetti, Jamie Hodari and Gerald Hines with 717 Texas in Houston (left) and The Kearns Building in Salt Lake City (right)

Convene, Industrious partner with Hines to operate new locations across US

Natural History Museum gets court clearance for $383M expansion

Natural History Museum gets court clearance for $383M expansion

arrow_forward_ios