Published On: Sun, Oct 21st, 2018

Gary Barnett’s World’s Tallest Residential Tower sells $60-95 Million a unit

Gary Barnett‘s real estate firm Extell Development announced the launch of sales for Central Park Tower, the tallest residential building in the world. The tower on famed Billionaire’s Row located on West 57th Street and Central Park directly to the north and the Columbus Circle to the west.

Starting on the 32nd floor, 179 condos two-to-eight-bedroom residences range in size from 1,435 square feet to over 17,500 square feet.

While Extell hasn’t officially released pricing the Real Deal reported that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse. If the tower achieves its projected $4 billion sellout, Central Park Tower would become the most expensive residential project in New York City. Twenty units will ask more than $60 million, and $95 million for the penthouse, according to the offering plan.

A beacon of glass and steel rising 1,550 feet offering designed by Adrian Smith + Gordon Gill Architecture — the firm which also designed Jeddah Tower in Saudi Arabia.

Residents will have access to exclusive private Central Park Club, a 50,000-square-foot amenity space spread across three floors. The 14th floor will feature a lounge with billiards, a screening room and a 15,000-square-foot outdoor terrace food and beverage service, and an outdoor children’s playground.

The health and wellness center on the 16th floor will include a 63-foot indoor swimming pool, fitness center, basketball court, regulation squash court, sauna, steam and treatment rooms. The Club will culminate on the 100th floor at an elevation of over 1,000 feet. The plans for this space are yet to be revealed.

At the base of the building will be the new 320,000-square-foot, seven-story Nordstrom NYC Flagship store that represents the  best statement of the brand.

“Over a decade of planning and collaboration with the world’s most talented architects, engineers and designers has resulted in Manhattan’s newest iconic structure,” said Gary Barnett, Founder and President of Extell Development Company. “Central Park Tower introduces a level of design, quality and service that hasn’t been seen before. This building will stand out in New York City history as the singular residential offering that redefined luxury living.”

Extell is co-developing Central Park Tower with SMI USA (SMI), the US subsidiary of Shanghai Municipal Investment, a leading infrastructural investment company responsible for the esteemed Shanghai Tower, the second tallest building in the world.


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