57th Street condo now tops out as world's tallest residential building

1010 WINS Newsroom
September 17, 2019 - 3:01 pm

Extell Development

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NEW YORK (1010 WINS/AP) -- Central Park Tower, located at 217 West 57th Street, officially topped out on Tuesday at 1,550 feet high, breaking the record set by nearby 432 Park Avenue for the tallest residential building in the world.

It would be the tallest building in New York City if not for the 400-foot spire of One World Trade.

It will be the world's tallest predominantly residential building when it opens next year but will be competing with other ultra-luxury buildings for billionaire buyers.
 
Extell Development Co. President Gary Barnett said Tuesday that the $3 billion, 1,550-foot (472-meter) Central Park Tower is entering an "oversupplied'' market. He said Extell and its partners will have to be "flexible'' in selling the building's multimillion-dollar apartments.
 
Barnett spoke at a "topping out'' ceremony Tuesday to celebrate the fact that the tower has reached its full height. 
 
Apartments now listed on Central Park Tower's website range from $6.9 million for a 33rd floor two-bedroom to $63 million for a 112th-floor five-bedroom.
 
Nordstrom department store will occupy the first seven floors of the West 57th Street building.