111 West 57th Street
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111 West 57th Street

Condo in Midtown West
8 ApartmentsApts for Sale
View the CityRealty Profile of 111 West 57th Street
Exterior photo by David Sundberg. Interior photos by Adrian Gaut.
Sales to begin at super-skinny supertall 111 West 57th Street; priciest units are $57M

Image: Hayes Davidson

September 7, 2018

Sales to begin at super-skinny supertall 111 West 57th Street; priciest units are $57M

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Despite a long history of financial and legal woes, Property Markets Group, Spruce Capital Partners and JDS Development’s tall and slender tower at 111 West 57th Street is gearing up to begin sales (for real this time) according to the New York Times. After years of lawsuit threats, reports that construction had stalled over budget overruns and a potential foreclosure, the 1,428-foot, 86-story tower will kick off sales, to be handled by Douglas Elliman, on September 13.
Pricing and more, this way
Last day to vote for 6sqft’s 2017 Building of the Year!
December 11, 2017

Last day to vote for 6sqft’s 2017 Building of the Year!

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This year was all about new development redefining the New York City skyline. Construction moved along at a rapid pace, whether it be the topping out of Richard Meier's tower at 685 First Avenue or foundational work kicking off at Brooklyn's first supertall 9 Dekalb. In the next several years we'll see these buildings open and show off apartments at sky-high prices, but for now, we get to enjoy the construction process on some of the most notable new architecture to come to New York. We’ve narrowed down a list of 12 news-making residential structures for the year. Which do you think deserves 6sqft’s title of 2017 Building of the Year? To have your say, polls for our third annual competition will be open up until midnight on Monday, December 11th and we will announce the winner on Tuesday, December 12th.
VOTE HERE! And learn more about the choices.
Foreclosure moves ahead at Billionaires’ Row supertall 111 West 57th Street
August 30, 2017

Foreclosure moves ahead at Billionaires’ Row supertall 111 West 57th Street

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Things have been shaky for 111 West 57th Street since it came to light last month that construction on the world's will-be skinniest skyscraper was stalled at just 20 stories after Property Markets Group's Kevin Maloney and JDS Development’s Michael Stern were sued by real estate investment corporation and owner AmBase. Trying to salvage their $66 million investment, Ambase filed an injunction to stop lender Spruce Capital from seizing the $1 billion project, but yesterday a Supreme Court judge ruled that a strict foreclosure could move forward, meaning AmBase will likely lose its majority ownership, according to Crain's. On the flip side, the developers will now be able to proceed with construction on the 1,421-foot Billionaires' Row tower, whose units started going into contract earlier this month.
The full story
Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

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Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
Find out more
World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs
July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

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The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?
111 West 57th Street
111 West 57th Street
Photo by Peter Murdock
111 West 57th Street
111 West 57th Street
Photo by Peter Murdock
111 West 57th Street
111 West 57th Street
Photo by Peter Murdock
Saudi billionaire seals the deal on the city’s highest home for record $88M
September 16, 2016

Saudi billionaire seals the deal on the city’s highest home for record $88M

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The most expensive apartment closing in New York City this year and one of the priciest sales ever is finally a done deal, reports The Real Deal. The apartment, the top penthouse at Rafael Viñoly-designed billionaire’s bunker 432 Park Avenue, is the priciest unit in the big-ticket building as well as being literally the city’s highest. As 6sqft previously reported, the buyer is Saudi retail magnate Fawaz Al Hokair. The sale price was $87.7 million—a skyscraping $10,623 per square foot.
More jumbo numbers, this way
Infographic: How NYC’s Supertalls Compare in Height and Girth to Global Towers

Gray silhouettes from left to right: Shanghai World Financial Center, CTF Finance Centre, One WTC, Lotte World Tower, Mecca Royal Clock Tower, Shanghai Tower, Burj Khalifa. Click link here to enlarge >>

May 20, 2016

Infographic: How NYC’s Supertalls Compare in Height and Girth to Global Towers

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As the Skyscraper Museum so aptly writes, "Tall and BIG are not the same thing." Echoing 6sqft's recent post on global supertalls, the infographic above illustrates how when the height of New York's tallest towers are stacked up against the sky-high constructions abroad (and 1 WTC), our city's skyscrapers truly are "runts on the world's stage." The image also reveals that not only do these towers lack significantly in height, but also in girth. This means what really makes the design of all of New York's new skyscrapers so unique is not how tall they are, but rather, how slender they are.
more on all that here
Property Markets Group Shares New Eye Candy of 111 West 57th Street
March 10, 2016

Property Markets Group Shares New Eye Candy of 111 West 57th Street

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Here's a new set of images of Property Markets Group's and JDS Development's 111 West 57th Street. In case you haven't been paying attention, the highly-anticipated tower will be among the tallest residential skyscrapers in the world, climbing some 1,421 feet high to its tip. Designed by SHoP Architects, the feathery spire is sheathed in terra cotta, bronze and a glass curtain wall. The tower will be the most slender skyscraper in the world with a height to width ratio of 24:1.
More renderings ahead
Infographic: The 12 Most Expensive Condo Buildings Rising in NYC
November 30, 2015

Infographic: The 12 Most Expensive Condo Buildings Rising in NYC

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While it seems like every block in the city is host to a construction site throwing up some luxury condo building or pricey rentals, not all of these developments are created equal. Following up on their last infographic which rounded up the city's top five most expensive new developments, the data gurus over at CityRealty have culled an even more extensive list which pinpoints the 12 priciest structures going up right now. While the number of zeros that follow their combined $20,000,000,000 sellout will make your head hurt, what's even more mind-boggling is that these 12 buildings alone will count for nearly HALF of the money that'll be generated by the 200+ condo projects underway in Manhattan.
All the details here
Check Out the Views From 1,438 Feet in the Air at 111 West 57th Street
October 26, 2015

Check Out the Views From 1,438 Feet in the Air at 111 West 57th Street

By
Last week, 6sqft brought you an up close and personal look at 111 West 57th Street's exterior facade mock-up, and now Property Markets Group (PMG), who is co-developing the super-tower with JDS Development Group, posted a nifty interactive panorama of the building's out-of-this-world views. Rising from the heart of Billionaires' Row (New York's very own Mount Olympus and preferred residence of our anonymous overlords), the building is 80 stories and 1,438 feet high and is nearly perfectly on axis to Central Park–an egotistical perk that Extell's Central Park Tower and Macklowe/CIM Group's 432 Park aren't granted despite having higher apartments.
This way for the views
A Behind the Scenes Look at How SHoP’s Stunning Facade at 111 West 57th Street Will Come to Life
October 21, 2015

A Behind the Scenes Look at How SHoP’s Stunning Facade at 111 West 57th Street Will Come to Life

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Last month, JDS Development wowed us with an image showing a visual curtain wall mockup of their super-tower underway at 111 West 57th Street. Now the Michael Stern-led development team in partnership with Property Markets Group has released a new video and a handful of images to keep our mouths watering for what is poised to become New York's most daring skyscraper in generations. Designed by the local talents at ShoP Architects, the tower has already nervously impressed us with its extraordinary height of 1,438 feet and its jaw-dropping slenderness (a ratio of 1:24). Now that its engineers, the WSP Group, and the Times have thoroughly convinced us that the building will not fall over, we can focus our attention on the tower's elegantly detailed facade, composed of a feathery mix of terra-cotta, bronze, and glass. A recent video posted by JDS provides us with more glimpses of the cladding, a time-lapse video of how the facade will transform throughout the day, as well as some behind-the-scenes insight of the extraordinary undertaking involved to sheath this future landmark.
Watch the video and get more details
SHoP’s Billionaires’ Row Supertall Gets a Spectacular Real-Life Mockup
September 22, 2015

SHoP’s Billionaires’ Row Supertall Gets a Spectacular Real-Life Mockup

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Rendering versus reality? SHoP can certainly boast that the real thing will look as good, if not better, than the drawings they've put out. Yesterday afternoon, JDS Development Instagrammed (h/t Curbed) an amazing shot of a scale model facade of their ultra-skinny tower going up at 111 West 57th Street. The mockup features the same materials and finishes that will be applied to the actual construction, and by any stretch of the imagination, if you multiply this beauty's terracotta, glass, and bronze filigree to its 1,428-foot potential, it will certainly be one of the city's most striking buildings. Who says architects don't care about detail anymore?
More this way
Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

The possible skyline in 2018, via CityRealty

May 4, 2015

Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

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In the past, it was street names like Park Avenue and Central Park West that signaled a building's wealth and prestige, but these days it's gotten confined to a much shorter thoroughfare, 57th Street. Appropriately dubbed Billionaires' Row, the stretch has gotten much heat lately for its influx of supertall towers casting shadows on Central Park just to the north. Three of the towers in this sky-high lineup belong to Extell Development: the under-construction Nordstrom Tower at 217 West 57th Street, which will be the tallest residential building in the world when completed; 111 West 57th Street; and everyone's favorite One57. But now, as Crain's reveals, Extell is looking to expand its 57th Street portfolio with the site of the current Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street, on the same block as 111 West 57th and One57. As the paper reports, the church "will soon decide whether it will sell its sanctuary and 197-room hotel" to the developer.
More on the possible project here
Interior Renderings for SHoP’s 111 West 57th Street Tower Revealed
April 6, 2015

Interior Renderings for SHoP’s 111 West 57th Street Tower Revealed

By
Hot on the heels of last week's release of a new teaser site and rendering showing just how tall, slender and skyline-changing SHoP Architect's new tower at 111 West 57th Street will be, comes brand new renderings of the exterior and, for the first time, a look at the interiors. The images, uncovered by YIMBY, show the bronze and terra cotta supertall's elegant column-free spaces, as well as the incredible unobstructed views afforded by its 1,428 feet.
Inside the supertall here
New Rendering and Teaser Site Released for 111 West 57th Street

Rendering via Hayes Davidson and SHoP Architects

March 30, 2015

New Rendering and Teaser Site Released for 111 West 57th Street

By
"111 West 57th Street defines the idea of a modern classic: a residence whose timeless design evokes the prewar Golden Age of Manhattan skyscrapers, while also delivering high-technology performance, 21st century engineering, and contemporary comfort without compromise." This is the text from 111 West 57th Street's new teaser site. The webpage for the will-be world's skinniest tower is accompanied by a new rendering, which makes the SHoP-designed supertall appear even more dominant in the skyline than previously envisioned and tacks an additional seven feet onto its height, bringing it to 1,428 feet.
More details and a new height comparison ahead

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