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ONE57 ’Tops Out’ to Become Manhattan’s Tallest Residential Tower

Tue July 03, 2012 - Northeast Edition
CEG


(L-R) are Anthony Mannarino, executive vice president, Extell Development Company; Nick Grecco, senior vice president, Lend Lease Construction; Charlie Loskant, senior vice president, Extell Development Company; Jeff Dvorett, vice president, Extell Develo
(L-R) are Anthony Mannarino, executive vice president, Extell Development Company; Nick Grecco, senior vice president, Lend Lease Construction; Charlie Loskant, senior vice president, Extell Development Company; Jeff Dvorett, vice president, Extell Develo

Extell Development Company held a “topping out” ceremony June 20 at ONE57, which, when completed, will reach a record 1,004 ft. (306 m), officially making it the tallest residential building in New York City. Since launching sales just six months ago, the building has achieved $1 billion in sales and is 50 percent sold. Rising high above West 57th Street, the Christian de Portzamparc-designed building will feature 92 ultra-luxury condominium residences above a five-star Park Hyatt hotel. Occupancy is slated for 2013.

“ONE57 has set the standard for this new era of luxury development in New York City, and this milestone solidifies its impact,” said Gary Barnett, president of Extell Development Company.

Envisioned by a team of world-class talent, this architectural masterpiece will provide residents with unobstructed views of Central Park to the north, the famed Manhattan skyline to the south, and both Hudson and East Rivers. Interiors have been designed by New York-based Danish designer Thomas Juul-Hansen.

“The strong demand for this type of product has been seen in the record interest from both the United States and internationally,” added Barnett.

The ONE57 Sales Gallery, located at the historic Fuller Building at 41 East 57th St. and Madison Ave., has been designed to represent the exquisite space and quality materials that will be available within the 90-story mixed-use hotel and condominium tower. Two-bedroom homes start at $7.4 million.

For more information, visit www.one57.com or contact sales@one57.com.

About ONE57

ONE57 is located at 157 West 57th St. in the heart of New York’s famed Plaza District across from Carnegie Hall. Homes at ONE57 will feature gracious dimensions and soaring ceiling heights, along with numerous custom details and materials of the highest quality. ONE57 will offer the “Extell Choice,” a unique value proposition allowing buyers to choose from a fine selection of finishes, design and layout packages to tailor homes to individual tastes.

Poised above a five-star Park Hyatt hotel, ONE57 residents will have full access to Park Hyatt’s exclusive amenities and hotel services. Additional residential amenities will include a 24-hour doorman and concierge, screening and performance space, on-site parking, triple-height indoor swimming pool and custom Jacuzzi, library, catering kitchen, and private fitness center.

About Extell

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality and mixed-use properties, operating primarily in Manhattan and other premier cities across the nation. In collaboration with world class architects and design professionals Extell creates properties distinguished by sophisticated design, gracious floor plans and first class amenities. Extell has earned a reputation for its dedication to excellence, exceptional attention to quality and detail.