Posted Sep 19, 2012, 1:09 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,899
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http://www.nytimes.com/2012/09/19/ny...oc.semityn.www
Not Settling for ‘Tallest,’ Tower Aims for New Title as a Billionaires’ Haven
A view of Central Park from the 85th floor of One57, a 1,004-foot tower in Midtown Manhattan under construction.
By ALEXEI BARRIONUEVO
September 18, 2012
Quote:
One57, a 1,004-foot tower under construction in Midtown Manhattan, will soon hold the title of New York’s tallest building with residences. But without fanfare from its ultraprivate future residents, it is cementing a new title: the global billionaires’ club. The buyers of the nine full-floor apartments near the top that have sold so far — among them two duplexes under contract for more than $90 million each — are all billionaires, Gary Barnett, the president of the Extell Development Company, the building’s developer, said this week. The other seven apartments ranged in price from $45 million to $50 million. The billionaires’ club includes several Americans, at least two buyers from China, a Canadian, a Nigerian and a Briton, according to Mr. Barnett and brokers who have sold apartments in the building, at 157 West 57th Street. Mr. Barnett said that at least a few buyers were “significant Forbes billionaires.”
The building seems almost centered along the south end of Central Park. From the apartment’s main living room, the park seems to roll out like a giant green carpet. On a clear day, you can see all the way to the Bronx. To the east, planes can be seen taking off from La Guardia and Kennedy Airports. The Atlantic Ocean pokes out over the horizon. To the northwest, the gentle bend in the Hudson River is visible. Closer in, you can see the grassy terrace of the $88 million penthouse at 15 Central Park West.
To the south, a resident standing in what will be a bathroom with his-and-hers showers and toilets will look out on the Empire State Building, the World Trade Center complex and the Statue of Liberty, not to mention the electronic billboards in Times Square. Mr. Barnett spent 15 years assembling the property and air rights on 57th Street. At first, he said, he just wanted to build a 300,000-square-foot building. “I didn’t even think in terms of views,” he said. “But as the assemblage got larger and the market started rising to new levels, and views of the park became so paramount, the project took shape.”
Even some owners at 15 Central Park West, with its star-studded resident roster and rave architectural reviews, are buying into One57. At least three have signed contracts to buy units there, Ms. Field said. One57 has at least a two-year head start on newer developments vying for the billionaire set, like 432 Park Avenue, which is expected to be almost 400 feet taller than One57 when it is completed in 2016.
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85th Floor
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