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Manhattan’s Tallest Condo Bldg Joins Flourishing Luxury Market

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Extell Development’s Central Park Tower. Photo Credit: Shutterstock

It’s a nice place to hang one’s hat: the most expensive condo tower in the nation and the tallest in the Western Hemisphere.

It is Extell Development’s Central Park Tower.

Central Park Tower is a mixed-use supertall skyscraper being developed by Extell Development Company and Shanghai Municipal Investment Group along Billionaires’ Row on 57th Street in Midtown Manhattan, New York City

Expensive condominiums are not “flying off the shelves like One57 did when we started six or seven years ago, when we were the only game in town,” Gary Barnett, president of Extell, told Bloomberg Television in a recent interview. “There’s certainly much more competition.”

“The soaring tower with enormous windows, extruded metallic elements, and a distinctive waveform crown was designed by Adrian Smith + Gordon Gill Architecture,” said Crain’s New York Business. “New York’s Nordstrom flagship store will occupy 320,000 square feet and seven floors at the base of the building. However, residents will enter through a grand lobby with polished stone and gold accents. Starting on the 32nd floor, all 179 apartments will feature interiors by Rottet Studio, endless views, gracious layouts, corner living areas, and floor-to-ceiling windows looking out on unencumbered views.”

Just as with the apartments, Crain’s added, “luxury residential amenities and five-star services are situated on high floors to make the most of stunning skyline and Central Park views. A 14th floor outdoor terrace features a swimming pool with sumptuous cabanas and lounge areas. Two stories up, workouts in the healthy club and indoor pool are enhanced by postcard-perfect skyline views. The crowning glory is a 100th floor ballroom with cigar bar and private dining room.”

“From the time Extell announced the project, Central Park Tower’s superlatives are too super for New York alone,” reported cityrealty.com. “A predicted sellout of over $4 billion lines it up to be the country’s most expensive condo project. Moreover, at 131 stories and 1,550 feet high, it is the tallest residential building in the Western Hemisphere. Topping out is anticipated for early this summer, and the first publicly listed units have just appeared.

“Word has it that apartments with seven or more bedrooms will start at $100 million,” the web site continued. “However, these seven apartments range from $6.9 million for a 33rd floor two-bedroom to $63 million for a 112th floor five-bedroom. Listings in between include an $18.8 million three-bedroom on the 90th floor and a $33.4 million four-bedroom on the 81st floor. The first closings on all apartments are estimated for the first quarter of 2020.”

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