(By Karen Matthews, AP)
NEW YORK (AP) — A New York City condominium tower will be the world’s tallest predominantly residential building when it opens next year, though it will be competing with other ultra-luxury buildings for billionaire buyers, the building’s developer said Tuesday…
Extell Development Co. President Gary Barnett said the $3 billion, 1,550-foot (472-metre) Central Park Tower is entering an “oversupplied” market.
“We have to price it at a reasonable range for this type of product,” he said. “And we have to be flexible when we’re selling the really large units.”
Apartments now listed on Central Park Tower’s website range from $6.9 million (around R101m) for a 33rd floor, two-bedroom to $63 million (around 922m) for a 112th-floor, five-bedroom.
Barnett spoke at a “topping off” ceremony Tuesday to celebrate that the still-unfinished tower on Manhattan’s so-called Billionaire’s Row has reached its full height. Curtains dropped as Barnett pushed a button, revealing panoramic views from what will be someone’s 107th-floor living room.
All of Central Park was visible, as were landmarks like the Chrysler Building and the George Washington Bridge. One block east was the huge crane helping to build 111 West 57th Street, a rival supertall tower that’s also scheduled to open next year.
Concerns over ‘shadows’
Critics have complained the tall, skinny towers proliferating along the southern edge of Central Park over the last few years are casting shadows on the park, but Barnett dismissed those concerns. “We’ve done shadow studies,” he said. “It’s just a question of, you know, occasionally somebody might be sitting somewhere in the park and there’ll be a shadow for, I don’t know, 20 or 30 minutes.”
Extell secured the right to build Central Park Tower by buying 6,000 square feet (560 square metres) of “air rights” from surrounding buildings. Its 1,550-foot height makes it even taller than One World Trade Centre without its crowning spire.
The Council on Tall Buildings measures One World Trade Centre’s height as 1,776 feet (541 meters), a tally that includes the spire. Measured just to the roof, One World Trade’s height would be 1,368 feet (416 metres). By comparison, Chicago’s Willis Tower is 1,451 feet (442 metres) when measured to the top of its roof and 1,729 feet (526 meters) when measured to the top of the television masts atop its roof.
Central Park Tower will be the world’s tallest building that is mostly residential, although there are other buildings with a residential component that will be taller.
Extell’s partners in the project include Nordstrom, which is building a seven-story department store at the building’s base.
Nordstrom department store will occupy the first seven floors of the West 57th Street building.
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Your questions have been answered, introducing Central Park Tower's interiors. ___ The interiors of these grand residences are designed by Rottet Studio, whose credits include The Surrey Hotel in Manhattan, The St. Regis in Aspen, The Beverly Hills Hotel Presidential Bungalows and The River Oaks in Houston. Rottet’s interiors are marked by a distinguished level of detail and incorporating unique and custom finishes to create an unparalleled interior environment. Starting on the 32nd floor, the 179 ultra-luxury two-to-eight-bedroom residences range in size from 1,435 square feet to over 17,500 square feet. ___ Located within the tallest residential tower ever built will be one of the world’s most exclusive private clubs, Central Park Club. The Club will offer approximately 50,000 square feet of thoroughly curated luxury amenities spread across three floors, each location providing a unique experience complemented by five-star service.
Author: ANA Newswire