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Inside: Central Park Tower Rises on Billionaire's Row

Central Park Tower

The 57th Street corridor in Manhattan became synonymous with Billionaire’s Row when One57 pushed prices received for condos to new limits at the time. Since One57 rose to new heights above Midtown Manhattan, a new wave of construction has been occurring along West 57th Street. New supertall towers coming to Billionaire’s Row include 220 Central Park South, 111 West 57th Street, and 217 West 57th Street, or Central Park Tower. The latter is sure to push the boundaries of “Billionaire’s Row” to new limits with exclusive and pricey pads that are unrivaled by other projects.

Central Park Tower, from the same developers as One57 – Extell, will rise high above 57th Street and literally tower over Central Park as it climbs 1,550 feet tall. The building, designed by Adrian Smith and Gordon Gill Architects will surpass nearby neighbor 111 West 57th Street in height as well as 432 Park Avenue. Central Park Tower is expected to be completed in 2019, and construction progress suggests that it is on track for a 2019 completion.

The base of the building will be home to a 7-level flagship Nordstrom store as well as other office and amenity space for the condos above. The current plan for the building shows 183 residences which will start from the cantilever up. Of the units, the largest on the plan is the uppermost penthouse which is currently configured as a triplex on floors 129-131 spanning 17,000 square feet.

Centra Park Tower Interiors

In an ultra-luxury market that has slowed since the peak of One57 in 2014, Central Park Tower aims to once again push the limit for Manhattan real estate. The exclusiveness of the property as well as the location and trophy apartment offerings, Central Park Tower is attracting the world’s elite. 20 units are expected to have asking prices of $60M+ and price per square foot throughout the building will be $7,000+.

Of the units listed in the offering plan filed with the New York Attorney General, the smallest is a studio asking $1.542M ranging to the most expensive listed on the plan, Unit 53. Unti 53 spans over 7,900 square feet with a private terrace complete with an outdoor pool asking $95M. The largest units of the building still appear to be held based on the offering plan filed.

Interiors are sleek and luxurious as expected. The signature "Extell Choice" will be available with a selection of light or dark wood kitchen as well as brass. Additionally, buyers have the choice of either a light or dark bathroom finish as well. 

Central Park Tower Extell
Central Park Tower Finishes.jpg

The amenities will be as luxurious and lust worthy as the apartments themselves. Most notably, perched on the 100th floor will be grand ballroom with a bar, cigar bar, and private dining – imagine those views! The Michelin Star restaurant will have seasonal farm-to-table style menu. Other amenities within the Central Park Club include a resident’s lounge, conference room, and play area. The 16th floor will include an indoor pool, and there will also be an outdoor, landscaped terrace with a 60-foot pool. Both pools will be salt water while the outdoor cabanas will offer butler service.

Questions or interest in the ultra-exclusive new development? The Victoria Shtainer Team has exclusive access to the Central Park Tower sales gallery and additional information. Please contact us to schedule your appointment or to request additional information.



Header Image Courtesy of Central Park Tower

The Building that is Changing the Lower East Side

Driving down the FDR or across the Manhattan bridge, you probably have noticed a rising tower positioned near the Manhattan bridge. What is that building you may wonder?

We have written countless times about the exciting change that a large portion of lower Manhattan is experiencing from the opening of the Four Seasons first private residences in New York at 30 Park Place to the revitalization of the Seaport District spearheaded by the injection of $1.5B by the Howard Hughes Corporation.

The most recent transformation for lower Manhattan, in an area of the Lower East Side close by to the Seaport District, is Extell's newest glass tower, One Manhattan Square. Extell, which has transformed other areas of the city such as 57th Street with its One57 project seems to be doing the same for this neighborhood of the Lower East Side. One Manhattan Square is slated to soar to 800 feet tall, and because of its extensive amenity offerings, has been dubbed "the vertical village." How will this new super tall, luxury building change the Lower East Side neighborhood?

Extell celebrated the launch of sales at this new downtown skyscraper with a party at the expansive sales gallery. Guests were able to see the building model firsthand, and gain a perspective of how it will fit into the skyline along the FDR Drive, close to the Manhattan Bridge. Because of its location, One Manhattan Square will offer some of the best rive and skyline views downtown.  

252 South Street
One Manhattan Square Sales Launch

Additionally, guests listened to remarks from Extell CEO Gary Barnett as he discussed how excited Extell is to bring a luxury product of this magnitude to the area. The sales gallery gave guests a slight perspective into the views that residences will have as well as an up close look at the kitchen and bathroom finish packages.

One Manhattan Square
Gary Barnett Extell

About One Manhattan Square

The new project will be located at 252 South Street, located at the crossroads between the Seaport District and the heart of the Lower East Side. Its proximity to both makes it ideally situated for access to an expansive array of city culture. The Lower East Side is one of the most dynamic neighborhoods of the city, filled with energy, culture, and style. Here, one can find a place where glamour meets grungy, where beautiful street art is located next to some of the most fashionable stores, bars, and restaurants. 

Key Facts:

  • 800 foot-tall modern, glass tower

  • Interiors by Meyer Davis

  • Exterior gardens designed by internationally-acclaimed landscaping architects, West 8

  • 100,000 + square feet of indoor and outdoor amenities

  • Availability starting with 1 bedroom units

  • **The building has a tax abatement for 20 years.

The residences at One Manhattan Square will offer panoramic water and skyline views, especially on the higher floors, because of the building's unique location. Buyers will have the opportunity to select from two kitchen and bath finish packages, either the Dawn or Dusk package. The latter being comprised of darker materials. Residences will feature oak flooring, custom, imported finishes, kitchens outfitted with Miele appliance packages and Dornbracht fittings,  and marble walls in the master baths. 

Amenities have been a differentiator for developers in a very competitive new development market, and the amenity package at One Manhattan Square is extensive to say the least, and unlike many we have recently seen. 

The building will offer over 100,000 square feet of indoor and outdoor amenities that will render it its own "little village" of sorts. 

Outdoor: expansive gardens and courtyards including social courtyards, outdoor kitchen and dining spaces, a tea pavilion, and fire pits.

Indoor: a multi-level wellness center that will include a squash court, golf simulator, pool, spa, and access to classes such as spinning, yoga, and dance. Additional indoor amenities will include a cellar bar, culinary lounge, bowling alley, screening room, and children's playroom. 

Example Availability: 1 Bed/1 Bath offered at $1,179,000 with estimated monthly common charges of $775 and estimated monthly real estate taxes with the 421A abatement of $13.

Interested in living downtown and experiencing the exciting transformation of the area? Please contact us for more information about One Manhattan Square or to schedule your private appointment.



Images: Shelly Kroeger and BFA