Posted by Leonard Steinberg, President of URBAN COMPASS on January 17th, 2015 A historic moment has arrived in NEW YORK CITY: The city’s first $100 million apartment has just sold, a duplex at One57 (157 West 57th Street). We at Urban Compass are extremely proud of our very own ROY KIM, head of Urban Compass… [Read More]
ONE 57 CRANE COLLAPSE
Posted by Leonard Steinberg on October 29th, 2012 The uber-hyped, mega-luxe Extell new condominium building located at 157 West 57th Street is one of the first victims of Hurricane Sandy: The crane at the top of this construction site has collapsed and the area is being cleared. If you think the winds on the street… [Read More]
ONE HUDSON YARDS
Posted by Leonard Steinberg on May 29th, 2012 More exciting news from the West Side…..Another new building is being planned by Gary Barnett, developer of One 57, at the Hudson Yards, the mega development north of West Chelsea experiencing a revolution mostly because it will be connected to Times Square by the # 7 subway extension… [Read More]
THE NEW YORK "BRIC BUYER": IS BRIC THE NEW EURO?
Posted by Leonard Steinberg on January 12th, 2012 To-day revealed that a single Chinese buyer has gone to contract on FOUR apartments at One 57, the Extell developed tower rising on 57th Street between 6th and 7th Avenues with average pricing starting in the $ 5,000/sf range. Another Russian buyer was also identified. These BRIC… [Read More]
MISSION POSSIBLE: IS 57th STREET THE NEW PARK AVENUE?
Posted by Leonard Steinberg on December 8th, 2011 Is 57th Street becoming the new PARK AVENUE? With ONE 57, the EXTELL developed tower located between 6th and 7th avenues on 57th street commanding prices upwards of $ 5,000/sf comes confirmation that Macklowe’s site (now CIM)of the former Drake Hotel on Park Avenue and 57th Street… [Read More]
ONE 57: THE LATEST ADDITION TO THE UBER-LUXURY MANHATTAN MARKET
Posted by Leonard Steinberg on November 19th, 2011 The other night I was invited to the launch of EXTELL’s newest addition to the New York skyline, One 57, the Christian de Portzamparc-designed 90 story, 1,000ft tall Tower located at 157 West 57th Street between 7th and 8th Avenues. Towering above the Time Warner Center, Trump’s One Central… [Read More]
THE NEW DEVELOPMENT RETURNS TO NEW YORK: A GIANT AWAKENS
Posted by Leonard Steinberg on January 13, 2011 After a 2 year hiatus, ‘New Development’, the darling of Manhattan high end real estate is coming back with a vengeance! We hear new buildings such as the Extell’s Park Hyatt building, Harry Macklowe’s Park Avenue tower, 250 West Street, the Rudin’s St.VIncent building are all moving… [Read More]