Rendering of the pool deck, via Wordsearch, courtesy of Extell Development Company. Report, 20 Oct 2016 – [78], At 10:25 am on May 26, 2018, a 3,000-pound (1,400 kg) glass panel standing at the ground floor was accidentally hit with a forklift while a teamster attempted to move a piece of ducting and tipped over on top of a security guard.

Actual construction started in February 2015, with the building topping out in September 2019. Central Park Tower is a new condo development By Extell Development Company and SMI USA currently under construction at 217 West 57th Street, New York. Security and tenant access. Designed by Adrian Smith + Gordon Gill Architecture, the building rises 1,550 feet (472 m)[8] and is the second-tallest skyscraper in the United States and the Western Hemisphere, the 15th tallest building in the world, the tallest residential building in the world (the much taller Burj Khalifa in Dubai has 900 residential units, but is mixed-use),[9] and the tallest building outside Asia by roof height. [35][36], A new design for the tower was leaked in July 2014 that revealed a 1,479-foot-tall (451 m) tower with a spire reaching 1,775 feet (541 m), just a foot shy of One World Trade Center's pinnacle.

[75][76] Multiple blocks near the building were closed to traffic and pedestrians by the Department of Emergency Management, and the Department of Buildings stopped construction on the building indefinitely. Combined, these purchases created an assemblage which could yield a 563,000 square feet (52,300 m2) building. Event Description The penthouse level at Central Park Tower rises higher than any other in the western hemisphere, surpassing even the top floor at Chicago’s Willis Tower.

Despite uncertainty about the final design and complications relating to the tower's financing, excavations at the site started in May 2014. In Mozilla Firefox, click File - Page Setup then check the Print Background (colors & images) box. Extell was scheduled to repay $180 million in December 2018 but investors were worried that the company could not raise the cash due to unrealistic pricing at Central Park Tower given the state of the luxury market.

Please enable printing background colors and images to preserve the full website experience when printing. In January 2007, the estate of developer Sol Goldman sold Extell the remaining 14,290 square feet (1,328 m2) air rights from the 13-story apartment building at 200 West 58th Street. [61] The news sparked another downgrade of Extell's bonds, the second in less than a year. The family proposed a $4.75 million settlement, but Extell initially refused.

[49], By March 2017, Extell disclosed that it had spent $939 million on the development of the tower since 2014 including over $300 million in 2016 alone. [31] Nearly two years later, 300 members of the League filed another lawsuit, this time against the leadership of the League, claiming that instructions on how to vote on the sale were misleading and that the publicized voting procedure was not followed correctly. While the city’s stock of apartments with ... Photo credit: Scott Costanzo Located at the luxury Astoria condo known as the East River Tower, this two-bedroom home has a 1,000-square-foot interior ... New “yellow zone” maps for Queens’ clusters; Courtesy of Gov. In Central Park South, condos, Cool Listings, New Developments, Posted On Fri, July 24, 2020 Something went wrong. [48] On December 17, the day the land loan was due, Extell closed a new $235 million bridge loan with JPMorgan Chase and hedge funds Fortress Investment Group and Baupost Group in order to repay Blackstone. "[70], Central Park Tower topped out on September 17, 2019, the same day as One Vanderbilt.

This unit, number 43C, is the largest three-bedroom apartment available in the building. Units. There's certainly much more competition." [77] The falling ice was considered problematic because ice sliding down a flat facade, such as that of Central Park Tower, could reach a maximum speed of 70 miles per hour (110 km/h) from a height of as little as 15 stories.

[41][42] The structural steel for Nordstrom's retail base was complete by the middle of 2016. Thank you, your sign-up request was successful! [47] By December 2016, Extell still did not have the cash to repay the land loan and secured only a one-week extension from Blackstone. By Dana Schulz [85], Following an investigation by the federal Occupational Safety and Health Administration (OSHA), both general contractor Lendlease and subcontractor Permasteelisa North America were cited and fined $12,934 each.

Jun 2020 – Non-profit Village Preservation has launched a new online platform called Virtual Village, which is part of their larger efforts seeking ... Make staying home this winter more enjoyable with your very own working fireplace. The first seven floors of the tower are anchored by New York City's first Nordstrom department store. 217 West 57th Street, 225 West 57th Street, Nordstrom Tower. This email address is already subscribed, thank you! Central Park Tower is not just a new building — it’s a statement.

We are chipping away at the inventory.

The same month, the tower's sales director left to rejoin Brown Harris Stevens after less than 6 months on the job. Analyzing Extell's $4.4B sellout at the Nordstrom Tower", "Central Park Tower, NYC's first $4B condo, can now launch sales", "Revealed: Inside Gary Barnett's $4B tower", "Extell bonds downgraded in Israel, but remain low risk", "Extell bondholders could force early repayment on Barnett's bonds", "The priciest condo project in New York history is finalizing a $900M loan", "SMI extends the deadline for financing Central Park Tower", "217 West 57th Street, Aka Central Park Tower, Gets Its First Glass", "Barnett closes on $1B-plus financing for Central Park Tower", "Extell sells $107M in shares at its $4B Central Park Tower condo project", "Wanted: Sales director at Central Park Tower", "Central Park Tower, Country's Tallest Building Under Construction, Officially Reaches Supertall Territory", "Central Park Tower Approaches 1,550-Foot Pinnacle, Nears Tallest Roof Height In New York City & The Western Hemisphere", "Sales officially launch at Central Park Tower", "Can Extell make Central Park Tower the most expensive condo in U.S.

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Central Park Tower, also known as the Nordstrom Tower, is a residential supertall skyscraper being developed by Extell Development Company and Shanghai Municipal Investment Group[6][7] along Billionaires' Row on 57th Street in Midtown Manhattan, New York City.