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The world’s tallest residential
building, Central Park Tower, tops out at 1,550
feet
September 17, 2019 by DEVIN
GANNON
Central Park Tower officially
topped out on Tuesday, breaking the record set
by nearby 432
Park Avenue for the tallest
residential building in the world. Reaching
1,550 feet high, the skyscraper at 217
West 57th Street would be the tallest
building in New York City if not for the
400-foot spire of One World Trade, as New
York Magazine reported. Developed by
supertall-specialists Extell, Central Park Tower
includes a seven-story Nordstrom flagship store
and 179 luxury condos.
Central Park Tower in early Sept., Photo © 6sqft
Some of the residences were listed
for the first time in May, ranging
from a $6.9 million two-bedroom to a
five-bedroom apartment for $63 million. In 2017,
it was reported that 20 of the 179 units will
ask for $60 million and above, including
a penthouse for $95 million. Closings are
expected to begin in the first quarter of next
year.
Developers predict the building will have a
sellout of more than $4 billion, which would
make Central Park Tower the country’s most
expensive condo project ever.
Renderings courtesy of Extell Development
Company
But the market has slowed for luxury towers,
specifically those located on Billionaires’ Row.
Jonathan Miller, a real estate appraiser, told
the New York Times that 40
percent of seven towers in the
Central Park South area are unsold. While sales
data for Central Park Tower has not yet been
released, the Commercial
Observer reported last month that
Extell’s other supertall on the Lower East Side,
One Manhattan Square, has seen just 173 of 815
condos closed.
Renderings courtesy of Extell Development
Company
According to a press release from Extell,
“Central Park Tower’s beautiful facade features
combined elements of glass, satin-finished
stainless steel, and light-catching vertical and
horizontal details that accentuate the interplay
of texture and light. At a height of 300 feet
from the street, the tower cantilevers to the
east, creating Central Park views for all
north-facing residences.”
The 131-story tower was designed by
Chicago-based Adrian Smith + Gordon Gill
Architecture and includes three full floors of
amenity space, dubbed the Central Park Club. The
club spans 50,000 square feet and features an
outdoor terrace with a pool, a wellness center
with an indoor pool, and a massive ballroom and
cigar bar on the marketed 100th floor.
Smith designed Dubai’s Burj Khalifa, the current
tallest building in world, and the Jeddah Tower,
the soon-to-be tallest, a 3,280-foot tower in
Saudi Arabia. In an
interview published Monday, New York
Magazine architecture critic Justin Davidson
asked the architect if Central Park Tower could
have been taller if local zoning had allowed it.
“Oh yeah,” Smith said. “Jeddah Tower is twice
the height of this one. You could drop that in
here for sure.”
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