One57’s Park Hyatt Opening August 28th
Gary Barnett’s super tall and super expensive (super everything for that matter) mixed use tower on 57th Street is home to multi-million dollar condos as well as the Park Hyatt Hotel. According to Curbed, the hotel is slated for an August 28th opening with rooms STARTING at $855/night. If this tower can successfully pull everything off, it will truly be an enclave for the one percent.
A year ago today, the world watched as a crane dangled hundreds of feet above 57th Street. Today, the nearly complete One57 stands as a testament of luxury construction. Three more buildings are planned for the street. These buildings will not only change the real estate market, but they will change the skyline too. Take a look at this graphic for a more detailed look at the buildings.
The development in New York is starting to get out of hand (in a good way!). Yesterday, JDS Development’s proposal passed a final hurdle for city approval. The New York City Landmarks Commission approved the 1,350 ft. building yesterday. The super-tall super-skinny structure will be on the same block as Gary Barnett’s billionaire tower, 157 West 57th Street. Here are some pictures taken from the Curbed article.
On a side note…I truly am beginning to think we are entering a golden age of development here. Between the World Trade Center, The Ghery Building, 432 Park Avenue, One57, and now this project, this list of 1,000+ Ft. tall buildings in New York City is really going to be reshaping our skyline, into a skyline of the future. Soon, the most famous skyline in the world, will be transformed into a sci-fi version of reality. Hopefully this development is sustainable rather than a bubble ready to pop.
“New York City is a great monument to the power of money and greed… a race for rent.” Frank Lloyd Wright
Earlier this week, I went on a run uptown and caught a glimpse at the soon to be completed One57, Gary Barnett’s latest development. The tower’s penthouse is currently in contract for $90+ million. The building itself has also seen its rise in popularity after Hurricane Sandy left the construction crane dangling roughly 1,000 ft. above the streets of New York. If money, greed, and beauty were to all mix, I would say this building, and New York in general, form the perfect mosaic.
Life + Real Estate + New York 