NEW YORK | Central Park Tower (Nordstrom)| 1,550 FT | 131 FLOORS - Page 252

chris08876 · #**5021** Posted **Jan 6, 2018, 3:50 AM**

The hammered steel cabinets look wicked. Its amazing what the right textures can do for an interior. Speaking in general too. The right wood trim, cabinet texture/composition, and it can look like a million bucks. I wonder what the cost of a kitchen like that would be?

Busy Bee · #**5022** Posted **Jan 6, 2018, 4:25 AM**

More than it's worth?

NYguy · #**5023** Posted **Jan 7, 2018, 2:51 AM**

^ Things are worth whatever people are willing to pay.

JANUARY 6, 2018

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chris08876 · #**5024** Posted **Jan 8, 2018, 4:22 PM**

Rendering with CPT:

Credit: NYY

NYguy · #**5025** Posted **Jan 8, 2018, 5:37 PM**

https://www.instagram.com/p/BdsmpTjh...prudhommelaura

faridnyc · #**5026** Posted **Jan 8, 2018, 6:10 PM**

Quote:

Originally Posted by chris08876

Rendering with CPT:

Credit: NYY

It look like 1vandy domine the skyline , i wish that cpt come back it s spire !!!!!

gramsjdg · #**5027** Posted **Jan 9, 2018, 3:33 PM**

1 Vandy in that render looks to be the 1500 ft version going by the relative height of the PanAm building. The proportions are those for the 1500 ft version, it doesn't look squished like the current 1400' version. Is that an older render?

NYguy · #**5028** Posted **Jan 9, 2018, 5:24 PM**

Quote:

Originally Posted by gramsjdg

1 Vandy in that render looks to be the 1500 ft version going by the relative height of the PanAm building. The proportions are those for the 1500 ft version, it doesn't look squished like the current 1400' version. Is that an older render?

Whoever made it probably used an older render.

TowerDude · #**5029** Posted **Jan 9, 2018, 6:21 PM**

I don't understand selling these units with pre-installed, pre-selected interiors ... for the prices they are charging the people buying them should be able to afford to have all the interior decorating done by contractors of their choosing. It would also reduce the cost of building the towers in the first place.

Zerton · #**5030** Posted **Jan 9, 2018, 6:26 PM**

Is 1 Vanderbilt also at a higher natural elevation like the Empire State Building?

NYguy · #**5031** Posted **Jan 9, 2018, 6:43 PM**

Quote:

Originally Posted by Zerton

Is 1 Vanderbilt also at a higher natural elevation like the Empire State Building?

Generally, the further north you go in Manhattan, the higher the elevation. One Vanderbilt is at 63 ft. CPT is around 80 ft.

Quote:

Originally Posted by TowerDude

I don't understand selling these units with pre-installed, pre-selected interiors ... for the prices they are charging the people buying them should be able to afford to have all the interior decorating done by contractors of their choosing.

Nobody says they won't, but you have to show them something.

Crawford · #**5032** Posted **Jan 9, 2018, 6:50 PM**

Quote:

Originally Posted by TowerDude

I don't understand selling these units with pre-installed, pre-selected interiors ... for the prices they are charging the people buying them should be able to afford to have all the interior decorating done by contractors of their choosing. It would also reduce the cost of building the towers in the first place.

I have never heard of a building that didn't have a pre-selected menu of options. Even 220 CPS, the most expensive condo building anywhere, has such a menu.

If owners want a clean slate, and use their own designers, that will be priced into the final sale. You would get a developer credit whether a 400k home in sprawlburbia Midwest or a $100 million Manhattan condo.

NYguy · #**5033** Posted **Jan 10, 2018, 2:13 AM**

https://www.instagram.com/p/BdvlLfFg...aken-by=j13pro

jsbrook · #**5034** Posted **Jan 10, 2018, 2:31 AM**

Quote:

Originally Posted by NYguy

Generally, the further north you go in Manhattan, the higher the elevation. One Vanderbilt is at 63 ft. CPT is around 80 ft.

Nobody says they won't, but you have to show them something.

Plus, they actually FINISH most of the units that aren't pre-sold. Buyers that commit early enough can often swap out their own choices, and their private architects can often work with the building architects and developers. Sometimes the penthouses and other select units are left as raw space, but most are usually finished if they are not sold early.

ILNY · #**5035** Posted **Jan 10, 2018, 6:02 AM**

From before bomb cyclone.

225 W 57th St (Central Park Tower by NyConstructionPhoto, on Flickr

225 W 57th St (Central Park Tower by NyConstructionPhoto, on Flickr

Is this how they build the supertall, with small "buckets" of concrete lifted hundreds of feet up one at a time? No concrete pipe ? Can somebody explain?

225 W 57th St (Central Park Tower by NyConstructionPhoto, on Flickr

Zapatan · #**5036** Posted **Jan 11, 2018, 1:47 AM**

While I'm extremely happy these monster towers are popping up near the park I can't help but feel bad for the people who's view they block, causing their property value to just plummet I imagine. Although I'm sure they saw it coming at some point.

Oh well, such is life in the skyscraper kingdom I suppose.

chris08876 · #**5037** Posted **Jan 11, 2018, 1:54 AM**

Quote:

Originally Posted by Zapatan

While I'm extremely happy these monster towers are popping up near the park I can't help but feel bad for the people who's view they block, causing their property value to just plummet I imagine. Although I'm sure they saw it coming at some point.

It'll keep rising (the prices). Views really don't have direct impact on the whole supply/demand/land price game across the city.

Pricing wise from a developer standpoint, sure... developers can charge ridiculous prices for top views, but there are apartments facing blank walls that are worth more than most houses. And the price of the unit relative to the market continues to rise.

Even than, look at the pricing for Verre or One57 on the lower levels. Still over a million or even 432 Park.

Even if there is an apartment with one window, facing a Gene Kaufman blank wall thats 3' away from it, people will still buy it. You could build a shit box on Broadway and 34th, and people will buy it. Even if its the ugliest looking tower out there, location location location!!!

NYguy · #**5038** Posted **Jan 11, 2018, 7:22 PM**

https://therealdeal.com/2018/01/11/t...s-in-no-hurry/

The clock’s ticking on Extell’s Central Park Tower. Here’s why the market is in no hurry
Pads priced between $30M and $40M took 261 days to sell in 2017

By E.B. Solomont
January 11, 2018

Quote:

Extell Development quieted naysayers betting against Central Park Tower by closing $1.14 billion in financing for its planned supertall. But now the clock is ticking for Gary Barnett’s firm — thanks to a loan clause that requires the developer to sell $500 million worth of apartments by 2020.

Despite that three-year runway, luxury pads are taking longer to sell compared to years past: Properties asking $4 million or more spent an average of 433 days on the market in 2017, compared to 318 days in 2016, according to Olshan Realty, which tracks luxury units placed under contract.

“Big-ticket units definitely take more time,” said CORE’s Emily Beare. “There’s a really high expectation of what’s going to be delivered.” The buyer pool is also thin at the very top of the market, she added.

Prices at Central Park Tower, which is slated to rise 1,550 feet, range from $1.5 million for a 569-square-foot studio to $95 million penthouse spanning 7,984 square feet. At least 20 of the 179 units are asking $60 million or more — and three gargantuan units haven’t even been listed yet. But the bulk of the units are two- and three-bedrooms priced between $6.5 million and $26 million.The total projected sellout is $4 billion.

Quote:

At Central Park Tower, the average price is $7,106 per foot — a relatively modest sum compared to neighbors like 220 Central Park South, where the average price was $7,357 per foot when sales launched in 2015. At 220 CPS, the cheapest condo available was a two-bedroom asking just under $12 million. By comparison, Central Park Tower’s least expensive pad is a studio for $1.5 million. Two-bedrooms start at $6.5 million.

“To do a two-bedroom facing the park under $10 million doesn’t exist, and they’ve done it,” said Compass’ Victoria Shtainer, who’s already taken two buyers to the sales center. She said the building is priced to sell today — not three years out. “Some developers price a $10 million apartment at $15 million because that’s where they think the market will be.”

Prezrezc · #**5039** Posted **Jan 11, 2018, 9:03 PM**

Quote:

Originally Posted by chris08876

Even if there is an apartment with one window, facing a Gene Kaufman blank wall thats 3' away from it, people will still buy it. You could build a shit box on Broadway and 34th, and people will buy it. Even if its the ugliest looking tower out there, location location location!!!

I'll take your word for that; but wouldn't you think that an architect who just might have that consideration in mind render the presentation an afterthought at best?
For all we know, 220CPS prolly would've had a huge blank wall--textured perhaps--but a blank wall nonetheless if it didn't have the addy it enjoys now.

As for Nordstrom, apparently the blank wall beneath the cantilever is still that, which might affect the overal street-level ambience (I know it's a retail-based tower; but...).

I hope that makes sense.

chris08876 · #**5040** Posted **Jan 12, 2018, 12:16 AM**

When it comes to design, a lot is at stake. Does design have a role in the marketing and desirability of the tower, sure. Does the architect think of design as an extension of his artistic vision and skills? Of course.

Architects and designers are artists. They provide the computational power of the left hemisphere of the their brain into designing and creating elaborate patters, designs, angles... that all coincide with the vision of the client or the developer. And sometimes blank walls will be a portion of it.

Now keep in mind not all architects or designers are stellar. They have to balance out their own vision, with the vision of the developer. Engineering, limitations of the site relative to their surroundings, all play a role in the design. Even how people react with the interior plays a role in the design.

When it comes to prices though, desirability and location over-rule design. Some people only care about a roof over their head.