Construction Update: Steinway Hall's Restored Facade Revealed at 111 West 57th Street as Construction Progress' at The World's Skinniest Supertall

Steinway Hall’s restored facade at 111 West 57th Street has been revealed as JDS & Property Markets Group move forward with construction of the skinny, luxury residential supertall on Billionaire's Row. 111 West 57th Street was designed by SHoP Architects who had to integrate the historical Steinway Hall, which was originally designed in 1925 by Warren & Wetmore and served as the legendary piano company's headquarters until 2014, into the new building's design. The historical building will serve as the resident's entry and private porte cochère. 

111 West 57th Street will feature full floor and duplex apartments with 360-degree views and unparalleled views of Central Park. The tower will rise 1,400' when completed it will be among the tallest towers in the city and the most slender skyscraper in the world. SHoP's design for the tower form multiplies the set-back to present a feathered profile. The terra-cotta facades and bronze filigree aim to bring back the quality, materiality and details of historic New York towers, while taking advantage of the latest technology to push the limits of engineering and fabrication. 111 West 57th Street is being developed in partnership with Property Markets Group and is being built by JDS Construction Group. Completion is expected in early 2019.

Featured Listing: One57 Unit Designed by Thomas Juul-Hansen Lists for $52 Million

Billionaire's Row has another stunning listing at One57, located at 157 West 57th St. Residence 77 has hit the market for $52 million. The unit features 4 bedrooms and 4.5 bathrooms, spread over 6,240 SF. Residence 77 features interior design by Danish designer Thomas Juul-Hansen, private elevators, 11'9" ceilings with floor-to-ceiling glass, immaculate views of Central Park up through the George Washington Bridge, Brazilian Rosewood floors, chef's kitchen, and Crestron smart-home technology. One57 was designed by Pritzker Prize-winning architect Christian de Portzamparc features access to personal services of Park Hyatt's new 5-star flagship hotel which is located in the building. One57 amenities include 24-hour doorman and concierge, private dining room, full catering kitchen, library with billiards room and 24' aquarium, arts and crafts atelier room, screening and performance room, private fitness center and yoga studio, discreet additional 58th Street entry, onsite parking garage, and pet wash room. One57 residents also have access to the Park Hyatt Hotel services and amenities, with direct access by elevator to the hotel's indoor swimming pool, spa, and restaurant. Residence 77 is currently listed for $52 million with Robert Dvorin, Young Lee, Ian Wolf, and Leah Beswick of Douglas Elliman Real Estate. 

Extell & Gary Barnett Closing in On $900 Million Construction Loan for the $4.02 Billion Central Park Tower

After a nearly 18 month search, Extell Development, led by visionary Gary Barnett, are closing in on securing a $900 million construction loan for Central Park Tower led by JPMorgan Chase. The loan, if finalized, would be one of the largest during the current development cycle. Central Park Tower is located on Billionaires' Row on Central Park South. The project is the first of its kind with a $4.02 billion sell-out for the ultra-luxury condo tower. Central Park Tower will be designed by Adrian Smith + Gordon Gill Architecture, rising 1,550 feet and will feature 179 luxury condo units.

Billionaires' Row's One57 Hit With Second Foreclosure in Under 3 Months, This Time the Largest Foreclosure New York Has Ever Seen

The Extell developed One57 on Central Park South's premier Billionaire's Row, has been hit with a second foreclosure in under 3 months timeframe. This one may set a foreclosure record for New York as the owners have defaulted on a mortgage for their $50.9 million purchase of Apartment 79, which closed in 2015. The buyer's took a $35.3 million loan which was supposed to be repaid in full within 1 year. The full-floor penthouse unit spans 6,240 SF and was the 8th most expensive unit in the building at the time of sale. The foreclosure is a bank forced sale to recover the principal loan amount plus interest. Earlier this year the 56th floor was auctioned off after the buyer's defaulted on a $20.9 million loan. 

Tommy Hilfiger to Keep Penthouse at Plaza Hotel, Pulls Listing for $58.9 Million

Tommy Hilfiger has decided to keep his duplex penthouse at The Plaza after a 10-year on and off again effort to sell the condo. It was just previously listed for $58.9 million before he cancelled the listing, also seeing listing for $50 million, $80 million, $75 million and $69 million between 2008 and 2017 produce no buyers at the desired asking price. The highly-styled unit is 5,600 SF and features 4 bedrooms, a gourmet kitchen, "New York Times" old-style office, "dome room" breakfast area, and prime views of Central Park. The penthouse was most previously listed with Douglas Elliman. 

Check out Tommy Hilfiger's Golden Beach, Florida pad which he has listed for $27.5 million.