220 Central Park South

220 Central Park South is a residential skyscraper along Central Park South in Midtown Manhattan, New York City, designed by the firm Robert A.M. Stern Architects with interiors by Thierry Despont. The tower has 70 floors and 116 units. The tower is the 17th tallest building in New York City, and neighbors the Central Park Tower, which will be the second tallest building in the city upon completion.[3][4][5]

220 Central Park South
220 Central Park South, 2019
General information
StatusComplete
Architectural styleNew Classical
Address220 Central Park South
Town or cityNew York City
CountryUnited States
Groundbreaking2013-14
Completed2019
Opened2018
Cost$1.4 billion[1]
OwnerVornado Realty Trust
Height
Architectural953 feet (290 m)
Technical details
Floor count69
Floor area414,346 sq ft (38,494.0 m2)
Design and construction
ArchitectRobert A.M. Stern Architects & Thierry Despont
Structural engineerDeSimone Consulting Engineers [2]

History

The building that previously occupied the site was a 20-story building built in 1954. It contained 124 apartments, and was purchased in 2005 by Vornado for $131.5 million.[6][7] After the purchase, Vornado entered a legal battle with its rent-stabilized tenants concerning their eviction.[7] A court sided with Vornado in 2009, and the developer ultimately settled with tenants in 2010, paying between $1.3 million and $1.56 million to those remaining in the building.[8] Vornado has reported the total land cost for the building to be over $515.4 million.[1]

Demolition of the existing structure began in 2012 after the settling of a dispute between Vornado and Extell. Extell, another developer, owned the parking garage under the previous building, and was unwilling to close it. Demolition was completed in early 2013.[9] Robert A. M. Stern's designs were released in early 2014.[10] The plans were approved in March 2014.[11]

The building is one of several major developments on or around 57th Street and Central Park, dubbed Billionaires' Row by the media, including One57, 432 Park Avenue, 111 West 57th Street, and Central Park Tower.

Design

Designs originally called for a "glass" tower.[7] Contrary to the early plans, Robert A. M. Stern's designs call for a limestone-clad building, similar to other buildings by Stern such as 15 Central Park West. The building is one of three skyscrapers designed by Stern in Manhattan, joining 30 Park Place in the Financial District, and 520 Park Avenue, east of Central Park.

In November 2016 Justin Casquejo, a thrill-seeking teenage free solo climber and stunt performer, hung from the not-yet-completed tower.[12][13][14][15]

Amenities

The building has a porte-cochere, as well as a wine cellar, a swimming pool, private dining rooms, an athletic club, a juice bar, a library, a basketball court, a golf simulator and a children’s play area .[16]

Tenants

As of September 30, 2018, approximately 83% of the condominium units were under sales contracts, with closings scheduled through 2020.[1] On January 23, 2019, it was reported that billionaire hedge fund manager Kenneth C. Griffin purchased a penthouse for $238 million, the most expensive home ever sold in the United States.[17] Other reported buyers include billionaire hedge fund manager Daniel Och, financial services executive Andrew Zaro, New York real estate investor Ofer Yardeni, Entertainment Studios CEO Byron Allen and musician Sting along with his wife, actress and producer Trudie Styler.[18][19]

See also

References

  1. Vornado Realty Trust Form 10-Q for the Quarter Ended September 30, 2018 (PDF), September 30, 2018
  2. "How tall can NYC's skyscrapers go? You won't believe the answer". Crain's New York Business. July 7, 2015.
  3. "220 Central Park South Begins Losing Prominence As Exterior Work Nears Completion - New York YIMBY". New York YIMBY. March 8, 2018. Retrieved June 7, 2018.
  4. "220 Central Park South Goes Supertall". Yimby. March 21, 2014. Retrieved March 21, 2014.
  5. "220 Central Park South - The Skyscraper Center". skyscrapercenter.com. Retrieved March 29, 2015.
  6. Arak, Joey (March 7, 2006). "220 Central Park South: Another Condo Casualty?". Curbed. Retrieved August 17, 2015.
  7. Cuozzo, Steve (April 7, 2009). "Tower Power on Central Park". The New York Post. Retrieved August 17, 2015.
  8. Polsky, Sara (December 22, 2010). "Central Park South Holdouts Get Million-Dollar Buyouts". Curbed. Retrieved August 17, 2015.
  9. YIMBY, New York (January 7, 2013). "Demolition Update: 220 Central Park South Nearly Gone". YIMBY. Retrieved August 17, 2015.
  10. Dailey, Jessica (January 15, 2014). "Robert A.M. Stern's 220 Central Park South Tower, Revealed!". Curbed. Retrieved August 17, 2015.
  11. "Approved: 220 Central Park South". YIMBY. March 1, 2014. Retrieved March 1, 2018.
  12. Lubin, Byrhian (December 3, 2016). "Teenage daredevil cheats death climbing one of the world's tallest skyscrapers in stomach-churning footage". The Daily Mirror. Retrieved June 9, 2017.
  13. Kenneth Garger, Chad Rachman and Natalie O'Neill (November 27, 2016). "Airhead teen busted for climbing World Trade Center rises again". New York Post. Retrieved June 9, 2017.
  14. Goldman, Jeff (November 28, 2016). "Daredevil N.J. teen charged in WTC stunt dangles from Central Park tower". NJ Advance Media for NJ.com. Retrieved June 9, 2017.
  15. Wyrich, Andrew (November 28, 2016). "Weehawken teenager who scaled WTC continues to climb". The Record. Retrieved June 9, 2017.
  16. Solomont, E.B. (March 4, 2015). "Revealed: Prices, floorplans at Vornado's 220 CPS". The Real Deal. Retrieved December 24, 2015.
  17. Clarke, Katherine (January 23, 2019). "Billionaire Ken Griffin Buys America's Most Expensive Home for $238 Million". The Wall Street Journal.
  18. Clarke, Katherine (November 2, 2018). "As Manhattan's Most Secretive Skyscraper Rises, a Super-Elite Clientele Emerges". Wall Street Journal.
  19. Clarke, Katherine (August 7, 2019). "220 Central Park South Notches Another Big-Name Buyer". The Wall Street Journal. Retrieved August 11, 2019.
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