High-Rise Construction, New York, Multi-Family Housing, Luxury Condominiums
Robert A. M. Stern
Construction is now fully complete on 220 Central Park South, a 950-foot-tall residential skyscraper in Midtown and number nine on our annual end-of-year countdown. The 67-story, $1.4 billion tower is designed by Robert A. M. Stern Architects and developed by Vornado Realty Trust, which is projecting a $3.4 billion sellout and has already closed on 118 condominium units. SLCE Architects is the executive architect and Thierry W. Despont is the interior designer of the homes, which span around 593,000 square feet. The site is nestled between Seventh Avenue and Columbus Circle.
The motor courtyard to the property is found on East 58th Street, where a large cantilevering metal and glass canopy adorns the entrance, overhanging the hand-laid stone surface. Nearby are several trees decorated with Christmas lights, surrounding the ground-floor exterior for the 18-story annex, called â€śThe Villas.â€ť Tall ornamental lights hang on the warm-colored stone walls along the sidewalks bearing the buildingâ€™s address.
220 Central Park South has already brought in $1 billion in sales with the largest contributor being Ken Griffinâ€™s $238 million purchase of a four-story, 24,000-square-foot home on floors 50 through 53. The most expensive home ever sold in the United States, it reportedly has 16 bedrooms, 17 bathrooms, five balconies, and an outdoor terrace facing Central Park. He then later bought two abutting units on the 20th floor for just under $4 million. Other notable residents include Sting, who purchased a $65.7 million penthouse, and heiress Renata de Camargo Nascimento. Residents have exclusive access to a Jean-Georges Vongerichten restaurant on the lower floors.
And once again, the residence made a worthy title for itself for having the most expensive residence sold in the city this year, which was for a $99.9 million four-bedroom, five-bathroom duplex on the 76th and 77th floors that closed in late July. The cheapest apartment sold at the address was for a $53.6 million four-bedroom unit on the 63rd floor.
Robert A. M. Sternâ€™s other nearby residential tower, 15 Central Park West, has also garnered similar high praise and has enjoyed an ongoing and eminent reputation in the real estate market since it opened in 2008. However, 220 Central Park South seems to have surpassed all expectations and has raised the bar for condominium developments.
The location of the building in front of the 57th Street Billionairesâ€™ Row skyline creates an interesting juxtaposition in design, with its classic New York styling contrasting with its sleek glass-clad neighbors. Though itâ€™s far from the tallest new structure to rise in the city in recent years, its record-setting home sale will help secure its place in the history of New Yorkâ€™s massive construction boom of the past decade.