DOCSLIB.ORG

Ryan Serhant Gave Me a Private Tour of the Most Expensive Home for Sale in America

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ryan Serhant Gave Me a Private Tour of the Most Expensive Home for Sale in America 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale US MARKETS CLOSED In the news Dow Jones Nasdaq S&P 500 TSLA FB BABA -0.92% +0.13% -0.46% +0.01% +2.15% +1.63% HOME REAL ESTATE Ryan Serhant gave me a private tour of the most expensive home for sale in America Natasha Solo-Lyons 13 hours ago H O M E PAG E Ryan Serhant in the penthouse at 432 Park Ave. Crystal Cox/Business Insider https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 1/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale Ryan Serhant gazes through an oversize window at million-dollar views — actually, that's $169 million views. The top real-estate broker and "Million Dollar Listing" star is selling the Saudi tycoon Fawaz Al Hokair's 96th-oor New York City penthouse. The six-bedroom, seven- bathroom spread sits atop 432 Park Ave., a midtown Manhattan skyscraper just blocks from the Plaza, Bergdorf Goodman, and Bloomingdale's that is the tallest completed residential building in the Western Hemisphere. The 8,255-square-foot condo — which the retail and property magnate Al Hokair bought for $87.7 million and never lived in — became the most expensive home for sale in the country when it hit the market in July. "There's no other apartment where I can stand at the dining room table and see Central Park and lower Manhattan at the same time," Serhant told Insider, squinting across the 93-foot dining room, its long table set with Hermès atware, to views of the Empire State Building. "There's nothing else like it." The palatial pad isn't the only one with impressive stats. Serhant, 37, has sold over $4 billion worth of real estate. Posting photos of prime properties in New York, Miami, and Los Angeles, he's lured 1 million followers on Instagram and 1.15 million subscribers on YouTube. The energetic entrepreneur launched his own eponymous brokerage rm last year. He titled his most recent book "Big Money Energy: How To Rule at Work, Dominate at Life, and Make Millions." And make millions he will — if 432 Park' Ave.'s penthouse sells for its stratospheric asking price. (Buyer's and seller's brokers make a standard 3% commission each, paid by the seller.) H O M E PAG E Last week, Serhant took me and the Insider photographer Crystal Cox on a private tour He pointed out the most impressive details of the apartment explained what it https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 2/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale tour. He pointed out the most impressive details of the apartment, explained what it was like to live in the building, and shared some glimpses into his journey to nd a buyer. Serhant with the custom-built Blüthner piano in the foyer. Crystal Cox/Business Insider Friendly sta call a private elevator down to the spacious lobby of 432 Park Ave., which opens onto East 56th Street. The elevator itself has comfortable bench seating and no buttons. It rockets straight up to the 96th oor in less than 90 seconds. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 3/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale The piano has a custom nameplate that says "Penthouse 96." Crystal Cox/Business Insider We stepped out of the elevator onto a private landing, where Serhant, 6-foot-3, opened the penthouse door to 12.5-foot ceilings, views of the city, and a custom-made Blüthner piano. Blüthners can cost hundreds of thousands of dollars, and this one-of- a-kind model is engraved with a brass plate that reads "Penthouse 96." H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 4/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale An eastern view toward Roosevelt Island and Queens. Crystal Cox/Business Insider 432 Park Ave., designed by the Uruguayan architect Rafael Viñoly, is a perfect square. Twenty-four 10-foot-by-10-foot windows — also square — line the perimeter of the penthouse, six on each side. They frame jaw-dropping views of the city in every direction. Central Park takes pride of place to the north. VieHwsO ofM CeEntPraAl PGarEk and northern Manhattan. Crystal Cox/Business Insider Serhant said he had taken about eight prospective buyers to visit the penthouse in the https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 5/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale Serhant said he had taken about eight prospective buyers to visit the penthouse in the past month. Every visitor, he added, has a visible reaction to the views. The dining room. Crystal Cox/Business Insider Ultrawealthy families and billionaires have discovered the property through his TikTok videos, Serhant told me, and requested showings. "They're not on StreetEasy," Serhant said, referring to New York's most popular property-listings website, which is owned by Zillow. They'll t right in: 432 Park Ave. has been a residence of choice for billionaires, business moguls, and celebrities, from the actress Jennifer Lopez to Douglas Elliman Chairman Howard Lorber — and many more. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 6/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale Inside one of the apartment's seven bathrooms. Crystal Cox/Business Insider The most impressive vista just might be from the freestanding tub in one of the apartment's seven bathrooms. It's possible to see all of Central Park, uptown Manhattan, and beyond while taking a soak. Serhant has enjoyed the bathtub himself in at least one video — reclining against its cool marble while sporting a Tom Ford suit. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 7/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale To the west are the skyscrapers of 57th Street and Central Park South, dubbed Billionaires' Row. Crystal Cox/Business Insider The interiors, by the Los Angeles designer Andrew Cohen, are lined with Bentley, Hermès, and Fendi furniture throughout — all included with the apartment. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 8/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale The living room. Crystal Cox/Business Insider So much sunlight oods the apartment that Serhant said he rarely needed to turn on lights during showings. The library. Crystal Cox/Business Insider Move too quickly and you'll miss the Chanel coee-table books stacked on the shelves of the library, the only dark space in the entire unit. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 9/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale The dining room is 93 feet long. Crystal Cox/Business Insider Herringbone white-oak oors brighten the entire apartment. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 10/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale The dining table is set with Hermès glassware. Crystal Cox/Business Insider Sure, the dining room seats 14 easily, but all 432 Park Ave. condo owners have access to the building's 30,000 square feet of shared amenities, which include a lounge, a gym, an indoor pool, and a sauna. There's also a private restaurant, helmed by the Michelin-starred chef Shaun Hergatt, where residents must spend $15,000 a year. The living room. Crystal Cox/Business Insider SeHrhOanMt sEaPidA pGeEnthouse dwellers were the rst to know the weather, as they can watch the clouds roll in from the south. https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 11/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale 432 Park Ave. is 1,396 feet tall and will be the highest residential building in New York City until the 1,550-foot-tall Central Park Tower is nished later this year. The kitchen. Crystal Cox/Business Insider Inside the eat-in kitchen are Dornbracht xtures, Miele appliances, and marble countertops. H O M E PAG E https://www.businessinsider.com/most-expensive-home-manhattan-432-park-avenue-ryan-serhant-tour-2021-8# 12/18 8/4/2021 Ryan Serhant Took Me Around America's Most Expensive Home for Sale The penthouse features designer furniture from brands like Louis Vuitton. Crystal Cox/Business Insider Touring it myself, I can attest to the luxuriousness of the apartment's layout and nishes. Designer labels adorn most corners, like the Louis Vuitton throw on this armchair.
Load more

Recommended publications
  • One West End, 432 Park Avenue, and One57 Are the Top-Selling Condo Buildings in New York City So Far This Year, According to Research from Cityrealty
    By CityRealty Staff Friday, July 13, 2018 L to R: One West End, 432 Park Avenue, One57 One West End, 432 Park Avenue, and One57 are the top-selling condo buildings in New York City so far this year, according to research from CityRealty. Closings in the three buildings together have accounted for more than half a billion dollars in sales. Recorded sales in One West End so far this year have totaled $207 million over 57 units. The average sales price in the building this year is $3.6 million, and the average price/ft2 is $2,064. The Elad Group and Silverstein Properties-developed building, where closings started last year, is approaching sell-out status, with 193 of the 246 units having closed already, including one four-bedroom now belonging to Bruce Willis and his wife Emma Heming Willis. // One West End interiors (DBOX / Pelli Clarke Pelli Architects) https://www.cityrealty.com/nyc/market-insight/features/get-to-know/2018039s-top-selling-condos-so-far-one-west- end-beats-432-park-avenue/19263 Even though there have only been 8 closings recorded so far this year in 432 Park Avenue, the world's tallest residential building is the second-highest selling building of 2018 so far, with $185 million in sales. The average price of the closed sales in 432 Park this year is $23.1 million, while the average price/ft2 is $6,509. J.Lo & A-Rod's new condo (Douglas Elliman) In February, developers CIM Group and Macklowe Properties announced that the Billionaire's Row supertall is the single best-selling building in New York City, with $2 billion under its belt at the time.
    [Show full text]
  • New York Ny Midtown East
    MIDTOWN EAST NEW YORK NY 60 EAST 56TH STREET CONCEPTUAL RENDERING SPACE DETAILS LOCATION GROUND FLOOR South block between Park and Madison Avenues APPROXIMATE SIZE Ground Floor 2,595 SF FRONTAGE 30 FT on East 56th Street POSSESSION Immediate SITE STATUS Currently Così NEIGHBORS Chop’t Creative Salad Co., Roast Kitchen, TD Bank, The Walking Company, Robert Marc, First Republic Bank, Lacoste, Breitling, Victoria’s Secret, Windsor Jewelers, 2,595 SF Jacob & Co., Chase Bank, IBM, Alfred Dunhill, BLT Steak, Bomber Ski, Wells Fargo, Giorgio Armani, Dolce & Gabbana, Omega, Breguet, Gucci, Tiffany & Co., Bonhams, Tourneau, Niketown, Pret a Manger, Papyrus, Allen Edmonds, Roger Dubuis, and Oscar Blandi COMMENTS High traffic commercial area with luxury retail, high-end residential and office populations Surrounded by 33,683,250 SF of office space within a quarter mile radius Across from 432 Park Avenue with 104 luxury condominion units 30 FT EAST 56TH STREET MIDTOWN47th - 60th Street, Second - Fifth Avenue NEW YORK | NY 02.13.201New9 York, NY October 2017 EAST 47TH-EAST 60TH STREET, THIRD-FIFTH AVENUE EAST 60TH STREET EAST 60TH STREET Avra Rotisserie Le Bilboquet Canaletto Lerebours ALT Box Gerorgette Antiques Cinemas 1, 2 & 3 Savoir Manhattan à McKinnon Beds Cabinetry Renny & Reed and Harris The Rug Company Delmonico Gourmet Mastour Janus George N Food Market Carpet et Cie Antiques EAST 59TH STREET EAST 59TH STREET Argosy N Michael Book Store Dawkins D&D R Antiques W Samuel & Sons AREA RETAIL Evolve Foundry Illume EAST 58TH STREET EAST 58TH STREET
    [Show full text]
  • Star Chef Preps Recipe to Address Jobs Crisis How Not to Save a B'klyn
    INSIDE MLB’s FAN CAVE Social-media mavens score one for the game CRAIN’S® NEW YORK BUSINESS P. 25 VOL. XXX, NO. 18 WWW.CRAINSNEWYORK.COM MAY 5-11, 2014 PRICE: $3.00 NY’s new arts nexus Move over, Brooklyn: Queens is rising fast on city culture scene BY THERESA AGOVINO The Queens Theatre’s walls are lined with photos of the 1964-65 World’s Fair, a nod to the building’s genesis as part of the New York State Pavilion. Plays inspired by the World’s Fairs of 1939 and 1964— each held in Flushing Meadows Corona Park—are on tap for this summer. The theater’s managing director,Taryn Sacra- mone, is hoping nostalgia and curiosity about the fairs draw more people to the institution as she tries to raise its profile. STAGING A REVIVAL: Managing Director Taryn Momentum is on her side because Sacramone is seeking Queens is on a cultural roll. Ms. Sacramone’s new programming for See QUEENS on Page 23 the Queens Theatre. buck ennis How not to save a B’klyn hospital Star chef preps recipe Unions, activists, de Blasio fought to stop But the two opponents were in to address jobs crisis court on Friday only because com- LICH’s closure. Careful what you wish for munity groups, unions and politi- cians with little understanding of Each week, the French chef has Hospital in Cobble Hill, faced off New York’s complex health care in- So many restaurants, between 10 to 30 job openings in his BY BARBARA BENSON in a Brooklyn courtroom late last dustry have, for the past year, inject- too few workers; seven restaurants and catering busi- Friday.
    [Show full text]
  • Leseprobe 9783791384900.Pdf
    NYC Walks — Guide to New Architecture JOHN HILL PHOTOGRAPHY BY PAVEL BENDOV Prestel Munich — London — New York BRONX 7 Columbia University and Barnard College 6 Columbus Circle QUEENS to Lincoln Center 5 57th Street, 10 River to River East River MANHATTAN by Ferry 3 High Line and Its Environs 4 Bowery Changing 2 West Side Living 8 Brooklyn 9 1 Bridge Park Car-free G Train Tour Lower Manhattan of Brooklyn BROOKLYN Contents 16 Introduction 21 1. Car-free Lower Manhattan 49 2. West Side Living 69 3. High Line and Its Environs 91 4. Bowery Changing 109 5. 57th Street, River to River QUEENS 125 6. Columbus Circle to Lincoln Center 143 7. Columbia University and Barnard College 161 8. Brooklyn Bridge Park 177 9. G Train Tour of Brooklyn 195 10. East River by Ferry 211 20 More Places to See 217 Acknowledgments BROOKLYN 2 West Side Living 2.75 MILES / 4.4 KM This tour starts at the southwest corner of Leonard and Church Streets in Tribeca and ends in the West Village overlooking a remnant of the elevated railway that was transformed into the High Line. Early last century, industrial piers stretched up the Hudson River from the Battery to the Upper West Side. Most respectable New Yorkers shied away from the working waterfront and therefore lived toward the middle of the island. But in today’s postindustrial Manhattan, the West Side is a highly desirable—and expensive— place, home to residential developments catering to the well-to-do who want to live close to the waterfront and its now recreational piers.
    [Show full text]
  • Who Are NYC's Most Active Developers?
    Who are NYC’s most active developers? The Real Deal ranked the top 10 December 27, 2018 | By Kathryn Brenzel and Kevin Sun The companies behind two mega-developments on Manhattan’s far West Side are the city’s busiest developers — and will likely remain so for the next few years. Related Companies and Brookfield Property Partners are the top two most active developers in the city in terms of the scale of their ongoing projects. Related and Brookfield are respectively being kept busy by their massive mixed-use proj- ects, Hudson Yards and Manhattan West. The Real Deal compiled a list of the city’s busiest developers of new construction, based on building permits issued by the Department of Buildings. Only projects with active permits that have not yet been issued a temporary certificate of occupancy (TCO) as of Dec.19 were included. Alterations were not included in developers’ total square footages or project counts. Here are the top 10 most active developers by square footage, as represented in DOB filings. 1. Related Companies Square footage: 6 million Number of projects: 9 Related’s largest ongoing project is 415 10th Avenue, better known as 50 Hudson Yards. The 2.2 million-square-foot office tower has been the target of multiple protests over the past year, due to the developer’s decision to use both union and nonunion construction labor on the project. Related’s second-largest ongoing project is another office tower at 550 West 34th Street, better known as 55 Hudson Yards. 2. Brookfield Property Partners Square footage: 4 million Number of projects: 4 Brookfield’s largest ongoing project is One Manhattan West, a 2 million-square–foot-plus office tower on Ninth Avenue.
    [Show full text]
  • True to the City's Teeming Nature, a New Breed of Multi-Family High Rises
    BY MEI ANNE FOO MAY 14, 2016 True to the city’s teeming nature, a new breed of multi-family high rises is fast cropping up around New York – changing the face of this famous urban jungle forever. New York will always be known as the land of many towers. From early iconic Art Deco splendours such as the Empire State Building and the Chrysler Building, to the newest symbol of resilience found in the One World Trade Center, there is no other city that can top the Big Apple’s supreme skyline. Except itself. Tall projects have been proposed and built in sizeable numbers over recent years. The unprecedented boom has been mostly marked by a rise in tall luxury residential constructions, where prior to the completion of One57 in 2014, there were less than a handful of super-tall skyscrapers in New York. Now, there are four being developed along the same street as One57 alone. Billionaire.com picks the city’s most outstanding multi-family high rises on the concrete horizon. 111 Murray Street This luxury residential tower developed by Fisher Brothers and Witkoff will soon soar some 800ft above Manhattan’s Tribeca neighborhood. Renderings of the condominium showcase a curved rectangular silhouette that looks almost round, slightly unfolding at the highest floors like a flared glass. The modern design is from Kohn Pedersen Fox. An A-team of visionaries has also been roped in for the project, including David Mann for it residence interiors; David Rockwell for amenities and public spaces and Edmund Hollander for landscape architecture.
    [Show full text]
  • Manhattan Retail Market MID-2ND QUARTER 2016 REPORT Retail Activity in the News
    Manhattan Retail Market MID-2ND QUARTER 2016 REPORT Retail Activity In The News Virtual Restaurant Business Revolutionizing Traditional Food Delivery The growing convenience of home food delivery through services such as Seamless and GrubHub has prompted the launch of what can be best described as “virtual restaurants.” One company Green Summit Group currently operates 2-kitchens and boasts 8 “restaurant” brands, yet is void of any storefronts. The business model is banking on the projection that most New York City dwellers won’t care or realize that the food is not being prepared in a traditional restaurant. Green Summit has eliminated the burden of managing retail spaces, while also further benef ting from its ability to shift menu items more quickly to cater to the fast-evolving preferences of consumers by creating another online-branded “restaurant” that appeals to the f avor of the moment. If a particular brand does not meet f nancial expectations it is easily scrapped, incurring a relatively low cost of failure. Currently in expansion mode, in addition to existing kitchens in Midtown and Williamsburg, Brooklyn, the Green Summit plans to open 4 additional kitchens in the Financial District, Downtown Brooklyn, the Upper East Side, and the East Village in 2016 in order to be within delivery range of 90% of New York’s online food-ordering population according to the company’s projections. Generating about $10 million in revenue in 2015, expansion plans are reportedly expected to triple revenue in 2016. Success of the company launched about 2 and a-half years ago may be short-lived in the opinion of some skeptics of the virtual model, pointing out that consumers want to engage with the restaurant brand.
    [Show full text]
  • 220 Central Park South Garage Environmental
    220 Central Park South Garage Environmental Assessment Statement ULURP #: 170249ZSM, N170250ZCM CEQR #: 16DCP034M Prepared For: NYC Department of City Planning Prepared on Behalf of: VNO 225 West 58th Street LLC Prepared by: Philip Habib & Associates June 16, 2017 220 CENTRAL PARK SOUTH GARAGE ENVIRONMENTAL ASSESSMENT STATEMENT TABLE OF CONTENTS EAS Form……................................................................................................Form Attachment A......................................................................Project Description Attachment B..............................................Supplemental Screening Analyses Appendix I..................................................Residential Growth Parking Study Appendix II.................................................LPC Environmental Review Letter EAS Form EAS FULL FORM PAGE 1 City Environmental Quality Review ENVIRONMENTAL ASSESSMENT STATEMENT (EAS) FULL FORM Please fill out and submit to the appropriate agency (see instructions) Part I: GENERAL INFORMATION PROJECT NAME 220 Central Park South Parking Garage EAS 1. Reference Numbers CEQR REFERENCE NUMBER (to be assigned by lead agency) BSA REFERENCE NUMBER (if applicable) 16DCP034M ULURP REFERENCE NUMBER (if applicable) OTHER REFERENCE NUMBER(S) (if applicable) 170249ZSM, N170250ZCM (e.g., legislative intro, CAPA) 2a. Lead Agency Information 2b. Applicant Information NAME OF LEAD AGENCY NAME OF APPLICANT New York City Department of City Planning VNO 225 West 58th Street LLC NAME OF LEAD AGENCY CONTACT PERSON
    [Show full text]
  • N 190230 Zry-Voids Text Amendment
    CITY PLANNING COMMISSION April 10, 2019, Calendar No. 11 N 190230 ZRY IN THE MATTER OF an application submitted by the Department of City Planning pursuant to Section 201 of the New York City Charter for an amendment of Article II, Chapter 3 and related provisions of the Zoning Resolution of the City of New York, modifying residential tower regulations to require certain mechanical spaces to be calculated as residential floor area. _____________________________________________________________________________ This application (N 190230 ZRY) for a zoning text amendment was filed by the Department of City Planning (DCP) on January 25, 2019 to discourage the use of excessively tall mechanical floors in high-density residential tower districts. The proposal would require that mechanical floors, typically excluded from zoning floor area calculations, would be counted toward the overall permitted floor area on the zoning lot if they are taller than new specified limits or overly concentrated in portions of the building. The proposed floor area requirements would apply to residential towers in non-contextual R9 and R10 Residence Districts and their equivalent Commercial Districts, as well as Special Purpose Districts that rely on underlying floor area and height and setback regulations or that are primarily residential in character. The provision would also apply to non-residential portions of a mixed-use building if the building contains a limited amount of non-residential floor area. BACKGROUND The New York City Zoning Resolution allows floor space containing mechanical equipment to be excluded from zoning floor area calculations, reflecting the recognition that these spaces perform important and necessary functions within buildings.
    [Show full text]
  • Analysis of Technical Problems in Modern Super-Slim High-Rise Residential Buildings
    Budownictwo i Architektura 20(1) 2021, 83-116 DOI: 10.35784/bud-arch.2141 Received: 09.07.2020; Revised: 19.11.2020; Accepted: 15.12.2020; Avaliable online: 09.02.2020 © 2020 Budownictwo i Architektura Orginal Article This is an open-access article distributed under the terms of the CC-BY-SA 4.0 Analysis of technical problems in modern super-slim high-rise residential buildings Jerzy Szołomicki1, Hanna Golasz-Szołomicka2 1 Faculty of Civil Engineering; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego st., 50-370 Wrocław; Poland, [email protected] 0000-0002-1339-4470 2 Faculty of Architecture; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego St., 50-370 Wrocław; Poland [email protected] 0000-0002-1125-6162 Abstract: The purpose of this paper is to present a new skyscraper typology which has developed over the recent years – super-tall and slender, needle-like residential towers. This trend appeared on the construction market along with the progress of advanced struc- tural solutions and the high demand for luxury apartments with spectacular views. Two types of constructions can be distinguished within this typology: ultra-luxury super-slim towers with the exclusivity of one or two apartments per floor (e.g. located in Manhattan, New York) and other slender high-rise towers, built in Dubai, Abu Dhabi, Hong Kong, Bangkok, and Melbourne, among others, which have multiple apartments on each floor. This paper presents a survey of selected slender high-rise buildings, where structural improvements in tall buildings developed over the recent decade are considered from the architectural and structural view.
    [Show full text]
  • Statement on the Suspension of Hud Funding To
    Position Statement on VANDERBILT CORRIDOR REZONING The NY Metro Chapter of the American Planning Association is a professional, educational, and advocacy organization representing over 1,300 practicing planners and policy makers in New York City and its surrounding suburbs. We are part of a national association with a membership of 41,000 professionals and students who are engaged in programs and projects related to the physical, social and economic environment. In our role as a professional advocacy organization, we offer insights and recommendations on policy matters affecting issues such as housing, transportation and the environment. Of particular interest to the Chapter is a pending zoning proposal known as the "Vanderbilt Corridor", encompassing the five blocks bounded by Madison Avenue, 47th Street, Vanderbilt Avenue and 42nd Street. At the south end would be One Vanderbilt, a 1514-foot tall, 67-story office tower designed by Kohn Pedersen Fox. BACKGROUND In 2013, the Chapter issued a position statement raising concerns about the rezoning proposal for a larger area known as Midtown East, which included the Vanderbilt Corridor. At the time, we questioned the scale and scope of the proposal, ultimately concluding that it was too large, did not seem to fulfil a pressing need and would actually compete with other existing economic development goals. The current proposal is significantly reduced in scale and scope, but may be a precursor to a larger rezoning initiative. Specific elements of the current proposal include the following:
    [Show full text]
  • Tall Buildings in 2020: COVID-19 Contributes to Dip in Year-On-Year Completions
    CTBUH Year in Review: Tall Trends of 2020 Tall Buildings in 2020: COVID-19 Contributes To Dip in Year-On-Year Completions Abstract In 2020, the tall building industry constructed 106 buildings of 200 meters’ height or greater, a 20 percent decline from 2019, when 133 such buildings were completed.* The decline can be partly attributed to work stoppages and other impacts of the COVID-19 pandemic. This report provides analysis and commentary on global and regional trends underway during an eventful year. Research Project Kindly Sponsored by: Note: Please refer to Tall Buildings in Numbers—The Global Tall Building Picture: Impact of 2020 in conjunction with this Schindler paper, pages 48–49. *The study sets a minimum threshold of 200 meters’ height because of the completeness of data available on buildings of that height. Keywords: Construction, COVID-19, Development, Height, Hotel, Megatall, Mixed-Use, Office, Residential, Supertall Introduction This is the second year in a row in which Center (New York City) completed, that the the completion figure declined. In 2019, tallest building of the year was in the For many people, 2020 will be remembered the reasons for this were varied, though United States. as the year that nothing went to plan. The the change in the tall building climate in same can be said for the tall building China, with public policy statements This is also the first year since 2014 in which industry. As a global pandemic took hold in against needless production of there has not been at least one building the first quarter, numerous projects around exceedingly tall buildings, constituted a taller than 500 meters completed.
    [Show full text]