New rendering of Extell’s Central Park Tower shows sparkling all-glass facade
Rendering of Central Park Tower via Extell Development
A new rendering of Central Park Tower, slated to be the tallest residential tower on Earth, shows the most sparkling image of the residential building yet. Construction for Extell Development’s supertall, located at 225 West 57th Street on Billionaires’ Row, is underway and when completed, the tower is projected to be 1,550-feet tall. As CityRealty reported, the all-glass rendering appears to be taken about 900-feet above Central Park and leaves out rivaling towers, 432 Park Avenue and 111 West 57th Street. The $2.98 billion project is expected to be completed in 2019.
Photo of Central Park Tower rising between One57 and 220 Central Park South via CityRealty
In addition to an updated design of the tower’s exterior, new details emerged recently about the incredible interiors and layouts of apartment layouts. As 6sqft recently discovered, the average price per square foot among those listed is $7,106. There are 26 units priced above $9,000 per square foot, with 20 units costing more than $60 million. Unit 53, which spans 7,984 square feet, remains the building’s most expensive listing at $95 million. For that price, residents have access to a private elevator lobby, a spacious terrace and outdoor pool, and of course, incredible Central Park and Manhattan skyline views.
Height of Extell’s projects via Extell Development
To maintain some intrigue, Extell has listed one unit without a price. This unit, 29, includes seven bedrooms and takes up 16,000-square feet. This incredible apartment includes a large private elevator, media room, library, observatory, grand salon, gym and a private ballroom.
The luxurious building offers no shortage of perks, with three-full floors of amenities. Notably, the 100th floor features a cigar bar, private dining room and a grand ballroom. On the 14th floor, the Central Park Club includes a resident’s lounge, screening room, conference room and play area.
Photo of Central Park Tower via CityRealty
Construction continues to move full speed ahead, thanks to the $900 million construction loan from JPMorgan Chase that developer Gary Barnett secured. Residential occupancy is expected by 2020 and the seven-floor Nordstrom found at its base will open in 2019.
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It looks very pretty in these illustrations, new developments always do. Lots and lots of money is spent on professional building portrait artists to create these pretty pictures.
However, there is no real reason to build this tower. It will make rich investors richer, and provide arrogant people more reasons to be more arrogant. ‘I live in a taller tower than you do! Nyah, Nyah!’
A bunch of kids in a schoolyard.
The utility and public services requirements of this tower will outstrip the actual taxes provided to the city. Studies have shown that these towers are very successful for the developers, but place tremendous stresses on city services. Just because you can doesn’t mean you should.