One57

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157 West 57, New York City, NY

One57
One57-exterior.jpeg

Artists rendering of One57 towering over the streets of New York City
Building Information
Developer Extell Development
Architect Christian De Portzamparc
Number of Units 135
Number of Floors 75 (marketed as 90)
Year Built 2013 under construction
Construction Method Steel
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157 West 57, New York City, NY
Distance to Public Transit Less than a block
Region New York City
Municipality New York City
Zoning C5-3
Title of Land Condominium


Contents

Background

One57 is currently under construction, expected to be completed fall/winter 2013


One57 made headlines when its 10,923 square foot penthouse sold for over $90 million, setting a new record as the most expensive condominium suite. The mystery buyer has had New York City wondering for months now. It is speculated that the buyer purchased the unit as an investment, not as a home.[1]

A known investor, Ackman, confirmed that many of the purchases are made only as investments. He bought the 13,500 square foot "winter garden duplex" among others for $115 million. This duplex unit has a 2,500 square foot glassed in spaced intended to be either a garden or swimming pool.[2]

Standing 1004 feet tall, the building, upon completion, will be the tallest residential building in Manhattan.

One57, originally named Carnegie 57, has a mirage-like curtain wall that contains 210 hotel rooms, with 92 condominiums sitting above. It was designed to appeal to the richest of the rich, housing an exclusive group that increases attraction and interest of New York's finest living. It has appropriately been referred to as Billionaires' Tower.



Location

One57 is located in New York's Plaza District, running from 42nd Street to 59th Street, and Third Avenue to Seventh Avenue. In a more broad sense, the area is often referred to as Midtown Manhattan. It includes some of New York's most famous buildings such as the Chrysler building and the United Nations Headquarters. The popular commercial zones in the area include Rockefeller Center, Broadway, and Time square.

Specific amenities within walking distance include Red 58 Restaurant, The Russian Tea Room coffee shop, Morton Williams Supermarket, and the Geneva School Of Manhattan.[3]

Neighborhoods in the area include: Hell's Kitchen, Theatre Row, Diamond District, Koreatown, an many more. Notable sights in the area include the Empire State Building, the Museum of Modern Art, St. Patrick's Cathedral, the Grand Central Terminal, Madison Square Garden, and Times Square.

Towering over the surrounding buildings, the upper levels of One57 offer unique views of Central Park as well as the 315-mile Hudson River and the 11,000 year old East River.[4]

Construction

The waves of the facade swooping into an overhang
Crane collapse due to Hurricane Sandy

The founder of Extell had his eyes on the property for more than a decade. He persistently worked for 15 years in order to gain the air rights to the property. As soon as he was permitted the rights, his plan was put into action.

During the design phase, the architect used the concept of flow and function, scale and proportion, and light and color to create his designs. The building expresses itself through its typical glass facade, only with with a creative twist, literally. Near the ground level, the glazing becomes wavy and curved, eventually reaching out into the street as an overhang.

The interior designer, Thomas Juul-Hansen, is a well-known expert at designing New York's curtain wall residences. The interior concepts were inspired by the French Modernist designer Jean Michel Frank.

The structural design was a challenge for the engineers at WSP group. The "L" shape and New York City Bylaws required the building to have to set back as it grew taller. The concrete used was the most advanced and high performance, tested to withstand 12,000 pounds per square inch.[5]

Once the five year process of the designs and permits had been completed, construction finally started in January 2010.

Extell worked hard at the pre-sales, but there were rules enforced that buyers didn't agree with. Gary Barnett, Extell's developer, strictly wanted to enforce that buyers could not see their unit before making a purchase. When the potential buyer, Michael Hirtenstein, paid off a construction worker in order to be able to see the $16 million suite, Barnett refunded Hirtenstein and canceled the contract.

During the ferocious Hurricane Sandy in 2012, the construction crane on One57 partially collapsed. All the neighboring buildings had to evacuate for up to a week. A lawsuit was filed by dentists in one of the surrounding office buildings, saying that having to evacuate was a substantial loss of income.


Layout and Features

The value of these million dollar units clearly comes from the luxurious layouts and features. Many of the finishes have custom details and are the finest materials. and the furniture alone cost $500,000 to $750,000.

The suites feature high ceilings, ranging from 10'7" to 22'8". The flooring is lacquered or done with either a white oak or rosewood hardwood in a French Herringbone pattern. The entry doors are over sized and feature custom hardware. There are custom window pulls with motorized window shades. A central HVAC system and custom designed perimeter heating keeps the indoor air temperature comfortable. There is a video intercom system to ensure safety and security. Each suite has a Miele washer and an externally ventilated dryer. The duplex suites have custom staircases and four fire places.[6]

The kitchens feature hand crafted cabinetry. The stone counter top and back splash is composed of either black absolute or diamond fall granite. The entire kitchen is brightly illuminated with pendant lighting. There is a built in, fully integrated double wide refrigerator and freezer. In addition, the kitchen features a subzero wine cooler, a gas cook top, a stainless steel wall oven, a microwade and warming drawer, a dishwasher, and an insinkerator.

The bathrooms have custom stained wood vanity pulls with the vanity top in polished marble. The floors and walls are done in Italian Covelano Silvergold marble with radiant heat flooring. Also, there are high definition televisions near the bathtubs.

Floor Plans

The 92 units are made up of many layouts. Many of the buyers only had the layouts and the renderings on which to base their purchase.

Amenities

Performance room
Triple ceiling height pool
Private dining room

One57 provides some of the most high end amenities and services available:

  • triple height indoor pool
  • health club
  • spa
  • steam rooms
  • jacuzzi and spa portico
  • 5th floor bar and restaurant
  • private fitness center
  • yoga studio
  • performance and screening room
  • private dining facilites
  • library/lounge with 24 foot aquarium
  • bike storage
  • cold storage
  • 24 hour doorman and concierge
  • full catering kitchen
  • billiards table
  • on site parking
  • pet wash room
  • catering and room service
  • housekeeping service
  • dry cleaning and laundry service
  • ballroom
  • meeting room
  • business center


Bylaws

One57 Bylaws
Rentals Yes
Pets Yes


  • pets allowed[7]
  • many people who purchased suites already plan to rent them out [8]


Sustainability

Freshkills Landfill during the 1990s

One57 is not a LEED certified building. It was built to be luxurious, not sustainable. This is somewhat surprising considering it was designed during this "green" era our population is shifting towards. The location itself does allow for residents to take the sustainable alternative and walk to popular destinations instead of drive.

To put New York City into perspective, over 7 million people are transported 722 miles on subway track every day. Over 25,000 tons of garbage is produced each day. 1.2 billion gallons of water are drawn daily from reservoirs over 100 miles from the city. Even with all that taken into consideration, it is still considered to be one of the more environmentally responsible cities and one of the greenest cities in the world.

The typical New York City resident consumes gasoline at a rate that has not been matched since the 18th century.

Unfortunately, that amazingly green statistic is not carried over when it comes to waste. The city does a poor job when it comes to recycling. In the year 2000, it was reported that the city had gone up from 205.5 million tonnes to 232 million tones of waste anually within the last ten years. Most of the waste during the '90s ended up at the Freskills landfill, which became the tallest human made structures on earth. Recently, the landfill has been closed, and efforts have been made to restore the land.

Nowadays, garbage is brought to waste transfer stations, and then shipped out of New York City. This leaves the city in danger in the long run and the prices for shipping are going to escalate. [9]


Trivia

Mclaren race car
  • A Chinese buyer bought a $6.5 million apartment for her 2 year old, saying that the daughter's college choices has been narrowed down to Columbia, Harvard or NYU.
  • Only 10% of the buyers are estimated to be living there full time. [10]
  • Lawrence S. Stroll paid just under $50 million for a suite. He plans to live there with his family. In his spare time, he collects vintage Ferraris and McLarens.
  • It took seven months for the boom on the crane to be replaced.
  • In order for the crane to be replaced, and evacuation of the neighboring buildings had to be conducted. Alwyn Court filed a lawsuit to try to stop the installation and evacuation. In order for the installation to proceed, Extell offered $1,500 to each residence as compensation for the evacuation.
  • Carnegie Hall was opened in 1891, followed by many other world famous theaters that make up the West 57th theater strip.
  • Central park was the first landscaped park in the United States.


References

  1. NY Curbed
  2. Bloomberg
  3. Walk Score
  4. Wikipedia
  5. WSP Group
  6. Manhattan Miami
  7. Street Easy
  8. NY Times
  9. Tree Hugger
  10. Observer


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