Construction Update: Robert A.M. Stern’s 220 Central Park South Begins Race into the Sky

Billionaire’s Row‘s race into the sky continues. Two of its biggest projected selling towers are beginning to rise out of their gargantuan foundations and are rushing to claim their piece of coveted Central Park-fronting airspace. Construction of Vornado’s 220 Central Park South development has an early lead against Extell Development’s significantly larger Central Park Tower (formerly Nordstrom Tower) across West 58th Street. The first level of concrete and re-bar are now poking up above street level and the elevator/stairway cores are now clearly visible to pedestrian passersby.

Images courtesy of CityRealty

Previous reports tell us that after just six weeks of quietly shopping the building’s units to a select few, Vornado has sold about one-third of the building, or about $1.1 billion (by CityRealty’s estimates, 220 CPS has a total sellout of $3 billion). An offering plan filed back in March with the Attorney General revealed that the tower’s penultimate penthouse could be priced up to $175 million, a record-breaker for the city. However, it was also reported by The Real Deal just a few weeks ago that a Qatari buyer was looking to combine multiple apartments into a single, $250 million spread. And for us commoners? The cheapest unit is $11.95 million.

Images courtesy of CityRealty

In all, the 430,000-square-foot Robert A.M. Stern-designed building will have a total of 118 units, split between a 69-story limestone tower along West 58th Street and a 14-story villa along Central Park South.

Expected delivery for 220 CPS is scheduled in late 2016, while reports have pegged the Extell’s 1,775-foot Nordstrom project for 2018.

Corcoran Sunshine is handling the marketing of the project’s 118 units. For more details and images regarding 220 CPS visit CityRealty.

[220 Central Park South at CityRealty]

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