The SOM-designed 252 East 57th Street On Billionaire's Row Reaches 70% Sold

World Wide Group and Rose Associates announced today that 252 East 57th Street, the SOM-designed ultra-luxury tower anchoring the eastern corridor of Billionaires Row, is now 70% sold. The developers are reporting that the summer saw $73,750,000 in contracts signed at the tower. In August alone, 4 units listed above $10 million were signed at the 65-story condominium. Several of the recent contracts signed at the building were for 4 and 5-bedroom tower residences above the 55th floor. The building’s highly anticipated full-floor penthouse and 4,500 SF duplex on the 59th floor will be released this fall. Remaining residences at 252 East 57th Street range from 1,928 SF to 4,600 SF, and current availability begins at $3.995 million. Stribling Marketing Associates is the exclusive marketing and sales agent for 252 East 57th Street condominiums.

“We’ve experienced a significant amount of activity since welcoming our first residents to 252,” said Jim Stanton, President of World Wide Group. “The building’s continued success is a testament to its outstanding design and development from a team of world-class talent, enhanced by an unrivaled list of luxury amenities and services.”  

“The recent success is not a surprise,” said Steven Rutter, Director of Stribling Marketing Associates. “Now that closings have begun and customers are able to visit the finished product, they are able to see that 252 was designed for a sophisticated audience that expects nothing less than the finest quality. We are delighted with the response from purchasers that recognize the great level of care and attention to detail that went into every aspect of the building.”

252 East 57th Street features interiors and amenities by AD100 designer Daniel Romualdez. The tower recently unveiled its exclusive 34th Floor Club and ameities designed and outfitted by Romualdez. The full-floor private amenity space is grandly scaled and features a beautifully decorated resident lounge, curated library, fitness center, dining room with catering kitchen, a breakfast and meeting room, billiards room, screening room, two fully furnished guest suites, as well as a sprawling 70' south-facing sky terrace. One of 252’s defining features is the 3,000 SF, private and gated interior porte-cochère. Now complete, condominium residents arriving by car can access the building on 56th Street through the highly secure motor entrance into a walnut paneled lobby, while their vehicles are transported into the largest residents-only automated parking garage in New York City. 252 also offers a luxurious pool and spa experience with a 75' swimming pool and custom hydrotherapy circuit spa featuring a sauna, steam room, treatment and ice rooms. Additional premier building amenities include a children’s playroom, dog grooming and playroom, as well as bespoke concierge services provided by Luxury Attaché.

Construction Update: Steinway Hall's Restored Facade Revealed at 111 West 57th Street as Construction Progress' at The World's Skinniest Supertall

Steinway Hall’s restored facade at 111 West 57th Street has been revealed as JDS & Property Markets Group move forward with construction of the skinny, luxury residential supertall on Billionaire's Row. 111 West 57th Street was designed by SHoP Architects who had to integrate the historical Steinway Hall, which was originally designed in 1925 by Warren & Wetmore and served as the legendary piano company's headquarters until 2014, into the new building's design. The historical building will serve as the resident's entry and private porte cochère. 

111 West 57th Street will feature full floor and duplex apartments with 360-degree views and unparalleled views of Central Park. The tower will rise 1,400' when completed it will be among the tallest towers in the city and the most slender skyscraper in the world. SHoP's design for the tower form multiplies the set-back to present a feathered profile. The terra-cotta facades and bronze filigree aim to bring back the quality, materiality and details of historic New York towers, while taking advantage of the latest technology to push the limits of engineering and fabrication. 111 West 57th Street is being developed in partnership with Property Markets Group and is being built by JDS Construction Group. Completion is expected in early 2019.

Featured Listing: One57 Unit Designed by Thomas Juul-Hansen Lists for $52 Million

Billionaire's Row has another stunning listing at One57, located at 157 West 57th St. Residence 77 has hit the market for $52 million. The unit features 4 bedrooms and 4.5 bathrooms, spread over 6,240 SF. Residence 77 features interior design by Danish designer Thomas Juul-Hansen, private elevators, 11'9" ceilings with floor-to-ceiling glass, immaculate views of Central Park up through the George Washington Bridge, Brazilian Rosewood floors, chef's kitchen, and Crestron smart-home technology. One57 was designed by Pritzker Prize-winning architect Christian de Portzamparc features access to personal services of Park Hyatt's new 5-star flagship hotel which is located in the building. One57 amenities include 24-hour doorman and concierge, private dining room, full catering kitchen, library with billiards room and 24' aquarium, arts and crafts atelier room, screening and performance room, private fitness center and yoga studio, discreet additional 58th Street entry, onsite parking garage, and pet wash room. One57 residents also have access to the Park Hyatt Hotel services and amenities, with direct access by elevator to the hotel's indoor swimming pool, spa, and restaurant. Residence 77 is currently listed for $52 million with Robert Dvorin, Young Lee, Ian Wolf, and Leah Beswick of Douglas Elliman Real Estate. 

SOM's 252 East 57th on Billionaire's Row Unveils Daniel Romualdez-designed Amenities

Anchoring the eastern corridor of Billionaire’s Row, SOM’s 252 East 57th Street has just unveiled the tower's exclusive amenities. The 34th Floor Club and Pool are the first commissioned development designed by AD100 interior architect Daniel Romualdez, whose portfolio includes the homes of notable musicians and fashion leaders including Mick Jagger and Tory Burch. The 34th Floor Club encompasses the entire floor and features panoramic views of the New York skyline and serves as an extension of each resident’s private home. Amenities include access to a luxurious lounge with piano and gas fireplace, a library curated by The Strand, a formal dining room with catering kitchen available for private events, a 70’ south-facing terrace, a billiards room, breakfast room, conference room, state-of-the-art screening room, two fully furnished guest suites with private kitchens, and a state-of-the-art fitness center complete with Peloton bikes as well as yoga and Pilates studios. Additional amenities include a porte-cochère that leads to an automated parking garage with electric car charging stations, a 75-foot swimming pool, custom hydrotherapy circuit spa, children’s playroom, Luxury Attaché concierge, and a dog playroom serviced by SPOT. 252 East 57th features 93 condominiums which are located on the top 36 floors of the 700' tall tower which was designed by Skidmore, Owings & Merrill (SOM) and developed by World Wide Group and Rose Associates. The tower also features 175 rental residences known as Aalto 57 on the lower floors. Sales for available condominium units range in size from 1738 to 4972 SF and range in price from $3,975,000 to $14,800,000.

When designed the intrior spaces, Romualdez drew inspiration from iconic NYC spots such as Mr. Chow’s and Halston’s showroom at the Olympic Tower. Romualdez said he “wanted the interiors to be very urban and sleek. We chose certain pieces like the St. Thomas sofa and the waterfall coffee table - both in the living room - because they are personal favorites. The Arne Jacobsen swan chairs in the library were a nod to the cosmopolitan design-minded person who I imagined would be a resident of 252.” On working within SOM’s architecture, he explained, “we used the curve of the building, a significant SOM feature, as a running theme throughout our design. The outline of the pool is curved, as is the oval handrail." 

Extell & Gary Barnett Closing in On $900 Million Construction Loan for the $4.02 Billion Central Park Tower

After a nearly 18 month search, Extell Development, led by visionary Gary Barnett, are closing in on securing a $900 million construction loan for Central Park Tower led by JPMorgan Chase. The loan, if finalized, would be one of the largest during the current development cycle. Central Park Tower is located on Billionaires' Row on Central Park South. The project is the first of its kind with a $4.02 billion sell-out for the ultra-luxury condo tower. Central Park Tower will be designed by Adrian Smith + Gordon Gill Architecture, rising 1,550 feet and will feature 179 luxury condo units.

Billionaires' Row's One57 Hit With Second Foreclosure in Under 3 Months, This Time the Largest Foreclosure New York Has Ever Seen

The Extell developed One57 on Central Park South's premier Billionaire's Row, has been hit with a second foreclosure in under 3 months timeframe. This one may set a foreclosure record for New York as the owners have defaulted on a mortgage for their $50.9 million purchase of Apartment 79, which closed in 2015. The buyer's took a $35.3 million loan which was supposed to be repaid in full within 1 year. The full-floor penthouse unit spans 6,240 SF and was the 8th most expensive unit in the building at the time of sale. The foreclosure is a bank forced sale to recover the principal loan amount plus interest. Earlier this year the 56th floor was auctioned off after the buyer's defaulted on a $20.9 million loan. 

"A Few Good Ones Left" at Robert A.M. Stern's 220 Central Park South Including $80 Million Duplex

“We have a few good ones left,” announced Vornado Realty Trust’s chairman Steven Roth of the unit availability at 220 Central Park South in his annual letter to investors. Information on the availability of another unit at the Robert A.M. Stern designed, limestone encassed supertall, comes as an $80 million duplex on the 8th floor. It marks yet another quietly marketed, non publicly-listed unit from 220 Central Park South, being developed by Vornado on what has become known as Billionaire's Row. Vornado chairman Steven Roth has been personally screening prospective buyers. The duplex a 6-bedroom, 7-bathroom layout over close to 7,911 SF with an additional 1,095 SF of outdoor space. The 8th floor duplex is in what is considered the "Villas" part of the building at 220 Central Park South, which is separate from the supertall condo tower and "Penthouse" units. The listing comes in at $10,112 SF.

Other high-profile, utlra-luxe offerings from 220 Central Park include the $250 million, 4-floor, quadriplex which is being looked at by hedge fund billionaire Ken Griffin on the buildings 50-53 floors. The massive unit would come in at around 23,000 SF and and around $10,869 SF. There are two other units in the "Penthouse" collection asking north of $100 million. Penthouse 73, a 9,817 SF unit, is asking $100 million, at $10,186 SF; and Penthouse 76, a 8,978 SF unit which is listed for $108 million, equating to $12,029 SF. 220 Central Park South will ultimately feature 116 units over 69-floors and feature a total sell-out of $3.17 billion. 

Central Park Tower Now On Rise on Billionaires' Row, Completion Estimated 2019

Extell's Central Park Tower is now on the rise on Billionaires' Row, with an estimated completion date of 2019. Developer Gary Barnett reported that Extell had secured $168 million in EB-5 funds for Central Park Tower, bringing them closer to the $1.2 billion in total funding the project is estimated to cost. Up to $340 million can be raised via EB-5 funds. Extell also brought in SMI USA, the US subsidiary of Shanghai Municipal Investment, as co-developers on the project. The supertall condominium is located at 225 West 57th street and will rise 1,550 feet. Sales will launch in late 2017, contrary to neighbor 111 West 57th Street, which has pushed their sales launch for their tower until 2018. Central Park Tower will be designed by Adrian Smith + Gordon Gill Architecture, the same team who designed Dubai's Burj Khalifa (2,722 feet), and the world’s future tallest tower, Jeddah Tower (3,307 feet) in Saudi Arabia. The building will feature a 7-story Nordstrom as the feature tenant of the ground floor retail tower.