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
30 Hudson Street in Jersey City and WeWork CEO Sandeep Mathrani (Wikipedia)

WeWork scores big lease at Goldman Sachs’ Jersey City office tower

WeWork scores big lease at Goldman Sachs’ Jersey City office tower
A photo illustration of Goldman Sachs CEO David Solomon (Getty; iStock)

Goldman Sachs to juice cash-strapped RE owners with $3B fund

Goldman Sachs to juice cash-strapped RE owners with $3B fund
SL Green CEO Marc Holliday, One Madison Avenue and Hines Group CEO Jeffrey Hines (SL Green; Hines via Sanjeev Verma/Hindustan Times via Getty Images)

SL Green sells half of One Madison to Hines, NPS of Korea

SL Green sells half of One Madison to Hines, NPS of Korea
Goldman CEO David Solomon and 1 Flatbush Avenue (Credit: Michael Kovac/Getty Images; Hill West Architects)

Goldman reactivates real estate platform in NYC with big DoBro buy

Goldman reactivates real estate platform in NYC with big DoBro buy
Cresset Partners Nick Parrish, The Preston in Houston (Credit: Hines)

Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund

Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund
The Coca-Cola building at 711 Fifth Avenue and Michael Shvo (Credit: Google Maps)

Michael Shvo, partners secure $545M loan for Coca-Cola building

Michael Shvo, partners secure $545M loan for Coca-Cola building
Hines CEO talks coronavirus, Opportunity Zones and WeWork

Hines CEO talks coronavirus, Opportunity Zones and WeWork

Hines CEO talks coronavirus, Opportunity Zones and WeWork
Silverstein Properties' Tal Kerret, Dino Fusco, Marty Burger and 7 WTC (Credit: Joe Woolhead)

Former Goldman exec will be new COO at Silverstein Properties

Former Goldman exec will be new COO at Silverstein Properties
arrow_forward_ios

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

Loading...