One57 Inside NYC's Tallest Ultra Luxe Condo on Billionaire's Row

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• published: 16 May 2015
• views: 2000

One57, formerly known as Carnegie 57, is a 75-story (marketed as 90-story) skyscraper at 157 West 57th Street in the Midtown neighborhood of Manhattan, New York City. Upon completion in 2014, it stood at 1,005 feet (306 m) tall, making it the tallest residential building in the city for a few months until 432 Park Avenue was constructed. The building has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms, which is set to become the flagship Hyatt property; previously, the Chicago Park Hyatt was the flagship. The contractor is Lend Lease Project Management & Construction, and the developer is Extell Development Company. As of January 2015, it is home to the most expensive residence ever sold in New York City. Extell Development Company’s founder and President, Gary Barnett, spent 15 years assembling the property and air rights on 57th Street. At first, he said he wanted to build a 300,000 square-foot building, but plans for views of the park took shape as the assemblage got larger and markets started rising to new levels. Foundation work started in January 2010. In May 2012, it was announced a buyer had agreed to pay a record price in New York of more than $90 million for the 10,923-square-foot duplex penthouse on the 89th and 90th floors. Just two months later, the Prime Minister of Qatar, Sheikh Hamad bin Jassim bin Jaber Al Thani, broke that record by agreeing to purchase a penthouse unit for $100 million, breaking the earlier record. After the sales offices had been open for six months, Extell announced One57 was 50% sold with $1 billion in transactions. On June 20, 2012, it was announced that framework for the top floor had been completed. Shortly after, it was revealed the 13,550-square-foot “Winter Garden” duplex penthouse, located on the 75th and 76th floors, had gone into contract for an undisclosed amount. In October 2012, entrepreneur Michael Hirtenstein and One57 developer Gary Barnett had a public clash regarding a unit Hirtenstein agreed to purchase in the building. Hirtenstein claims he would not spend $16 million for a unit without seeing it, and that the view from the unit he purchased was obstructed. Barnett has been strict about not permitting buyers to view apartments prior to purchase, and as Hirtenstein paid a construction worker to show him his unit, Barnett refunded Hirtenstein's funds and canceled the contract. The tower is designed by Pritzker Prize-winning French architect Christian de Portzamparc. The interiors are by New York-based designer Thomas Juul-Hansen. The use of dark and light glass on the building’s exterior creates vertical stripes, while also manipulating sunlight and maximizing views. A domineering presence, the soaring tower is characterized by its rippled canopies and numerous setbacks on 57th Street, its mottled fenestration, curved tops, scoops and extreme vertical design.

One57 Inside NYC's Tallest Ultra Luxe Condo on Billionaire's Row

• Report rights infringement
• published: 16 May 2015
• views: 2000

One57, formerly known as Carnegie 57, is a 75-story (marketed as 90-story) skyscraper at 157 West 57th Street in the Midtown neighborhood of Manhattan, New York City. Upon completion in 2014, it stood at 1,005 feet (306 m) tall, making it the tallest residential building in the city for a few months until 432 Park Avenue was constructed. The building has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms, which is set to become the flagship Hyatt property; previously, the Chicago Park Hyatt was the flagship. The contractor is Lend Lease Project Management & Construction, and the developer is Extell Development Company. As of January 2015, it is home to the most expensive residence ever sold in New York City. Extell Development Company’s founder and President, Gary Barnett, spent 15 years assembling the property and air rights on 57th Street. At first, he said he wanted to build a 300,000 square-foot building, but plans for views of the park took shape as the assemblage got larger and markets started rising to new levels. Foundation work started in January 2010. In May 2012, it was announced a buyer had agreed to pay a record price in New York of more than $90 million for the 10,923-square-foot duplex penthouse on the 89th and 90th floors. Just two months later, the Prime Minister of Qatar, Sheikh Hamad bin Jassim bin Jaber Al Thani, broke that record by agreeing to purchase a penthouse unit for $100 million, breaking the earlier record. After the sales offices had been open for six months, Extell announced One57 was 50% sold with $1 billion in transactions. On June 20, 2012, it was announced that framework for the top floor had been completed. Shortly after, it was revealed the 13,550-square-foot “Winter Garden” duplex penthouse, located on the 75th and 76th floors, had gone into contract for an undisclosed amount. In October 2012, entrepreneur Michael Hirtenstein and One57 developer Gary Barnett had a public clash regarding a unit Hirtenstein agreed to purchase in the building. Hirtenstein claims he would not spend $16 million for a unit without seeing it, and that the view from the unit he purchased was obstructed. Barnett has been strict about not permitting buyers to view apartments prior to purchase, and as Hirtenstein paid a construction worker to show him his unit, Barnett refunded Hirtenstein's funds and canceled the contract. The tower is designed by Pritzker Prize-winning French architect Christian de Portzamparc. The interiors are by New York-based designer Thomas Juul-Hansen. The use of dark and light glass on the building’s exterior creates vertical stripes, while also manipulating sunlight and maximizing views. A domineering presence, the soaring tower is characterized by its rippled canopies and numerous setbacks on 57th Street, its mottled fenestration, curved tops, scoops and extreme vertical design.