Written by
(AP) — A condominium tower near Central Park in New York City will be the world’s tallest predominantly residential building when it opens next year but will be competing with other ultra-luxury buildings for billionaire buyers.
Extell Development Co. President Gary Barnett said Tuesday that the $3 billion, 1,550-foot (472-meter) Central Park Tower is entering an “oversupplied” market. He said Extell and its partners will have to be “flexible” in selling the building’s multimillion-dollar apartments.
Barnett spoke at a “topping out” ceremony Tuesday to celebrate the fact that the tower has reached its full height.
Apartments now listed on Central Park Tower’s website range from $6.9 million for a 33rd floor two-bedroom to $63 million for a 112th-floor five-bedroom.
Nordstrom department store will occupy the first seven floors of the West 57th Street building.
Related Posts
-
What to do if your flight is delayed or canceled during the US government shutdown Posted: October 8, 2025 at 2:52 pmThe federal government shutdown has entered its second week, and
Read more » -
Pentagon, journalists on collision course as restrictions on reporting loom Posted: at 2:52 pm
Facing a deadline next week on whether to sign a
Read more » -
US stocks hit records after the briefest of stumbles as gold’s price keeps rising Posted: at 2:52 pm
Wall Street got back to rising on Wednesday, while the
Read more » -
USDA warns that Hello Fresh meals may contain listeria-tainted spinach Posted: October 7, 2025 at 2:17 pm
Federal health officials late Monday warned people not to eat
Read more »
Central Valley Biz Blogs
-
BLOG: California Farm Bureau urges rejection of Prop. 50
Posted: October 6, 2025 at 4:41 pm
Voters may have hoped for a break from politics in
Read more » -
BLOG: The Case for Domestic Manufacturing — Making things matters
Posted: September 30, 2025 at 9:13 am
To the typical citizen, the principle that “making things matters”
Read more »
