The Real Deal New York

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

Sales at 53 West 53rd Street slated to launch next week
May 15, 2015 05:17PM

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