High in the sky: Europe’s tallest penthouse hits market

Unit at Federation Tower in Moscow is 97 stories up and 23K sf

National Weekend Edition /
Dec.December 13, 2020 12:00 PM
Three-level penthouse in Moscow's Federation Tower (Sotheby's International Realty, Wikimedia Commons)

Three-level penthouse in Moscow’s Federation Tower (Sotheby’s International Realty, Wikimedia Commons)

 

The tallest penthouse in Europe has hit the market, and it’s so big the buyer may never need to leave.

The three-level, 23,000-square-foot penthouse at Moscow’s Federation Tower has an asking price of $35 million, according to the New York Post.

The unit stretches across the top three floors of the 97-story building at Federation Tower, which contrary to its name has two towers built on one podium.

The penthouse’s most notable features are its three-level staircase and the floor-to-ceiling windows that in some parts of the unit stretch up all three levels. The windows have massive panes with virtually unobstructed views of the city. The ceilings in some spaces also span all three levels, such as in a main lounge area at the base of the spiral staircase.

The pandemic has hurt demand for ultra-luxury penthouse units, partially because restrictions on international travel make it difficult for potential foreign buyers to see units, but plenty of big-ticket deals are still closing. On Wednesday, the penthouse at 111 West 57th Street in Manhattan went into contract for $50 million.

Construction on Federation Tower began in 2005 but was delayed during the Great Recession. It was completed in 2017. It was the tallest skyscraper in Europe until the Lakhta Center, an office tower in Saint Petersburg, Russia, was completed last year.

[NYP] — Dennis Lynch


Related Articles

arrow_forward_ios
Credit Suisse Group partners with MARK on $1B-plus rental housing fund
Credit Suisse Group partners with MARK on $1B-plus rental housing fund
Credit Suisse Group partners with MARK on $1B-plus rental housing fund
Swiss National Bank Vice President Fritz Zurbruegg (Getty)
Switzerland’s central bank warns of potential housing bubble as prices keep rising
Switzerland’s central bank warns of potential housing bubble as prices keep rising
Polish President Andrzej Duda and Israeli Foreign Minister Yair Lapid (Getty)
Israel rebukes Poland for law limiting property claims seized by Nazis
Israel rebukes Poland for law limiting property claims seized by Nazis
Co-head of Goldman’s Europe Tavis Cannell with the Paris building (Google Maps, Goldman Sachs)
Goldman Sachs spends $119M on Paris office, retail building
Goldman Sachs spends $119M on Paris office, retail building
(Getty)
Swedish lawmakers agree to abolish mortgage tax deduction, disagree on timing
Swedish lawmakers agree to abolish mortgage tax deduction, disagree on timing
Vonovia CEO Rolf Buch and Deutsche Wohnen CEO Michael Zahn at a press conference earlier this week regarding the merger. (Getty)
Germany’s 2 largest resi landlords set to merge
Germany’s 2 largest resi landlords set to merge
The law included a five-year rent freeze for all units built as recently as 2013, and a rent hike cap based on the property’s age plus 1.3 percent inflation. (iStock)
Berlin’s rent law was historic. Now it’s history
Berlin’s rent law was historic. Now it’s history
Hammerson CEO Rita-Rose Gagne and Brookfield's Bruce Flatt. (Hammerson, Brookfield, Getty)
Brookfield’s US malls are struggling. Now it’s buying some in Europe
Brookfield’s US malls are struggling. Now it’s buying some in Europe
arrow_forward_ios

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

Loading...