Central Park Tower (Extell Development)
Over the past few years, we’ve eagerly followed the construction and design of Central Park Tower, the world’s tallest residential building. New images have been released, giving us a first look inside the building where residences start on the 32nd floor.
Thanks to the building’s cantilever to the east, all north-facing residences have direct Central Park views. Indeed, the glass curtain wall gives all 179 apartments floor-to-ceiling windows that look out on amazing views in every direction. Inside, grand corner living spaces boast soaring ceiling heights and breathtaking vistas. Enormous eat-in kitchens come outfitted with custom Smallbone of Devizes cabinetry and Miele appliances. The bedrooms are in a separate wing for optimal privacy and have en suite baths, but the master suites are in a class by themselves: They features two baths, two dressing rooms, and a private sitting room in addition to the massive corner bedroom.
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Central Park Tower via Extell
Grand salon | Interior renderings via Wordsearch
Kitchen
Beyond the luxurious homes, the Central Park Club offers 50,000 square feet of carefully curated amenities spread over three floors. These include a 10th-floor indoor/outdoor pool with cabanas as well as dining and lounging areas. Additional amenities include a basketball court, dining room, cigar room, and 1,000-foot-high private club. With such luxury throughout the building, it is no surprise that Nordstrom chose its base for its first-ever New York flagship.
The recently released apartment and amenity pictures are as close as many of us will get to seeing inside Central Park Tower: The lowest price listed was $6.5 million for a two-bedroom. Additional prices start at $62 million for five-bedrooms and a whopping $100 million or higher for homes with six or more bedrooms.
Pool terrace via Wordsearch
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Less than ten years ago, all aspects of Central Park Tower’s grandeur might have turned it into a daring pioneer that the city’s elite couldn’t wait to get in on. However, a recent report from Douglas Elliman states that Manhattan home prices plunged 14% in 2018. Moreover, it is no longer the only game in town. Extell’s One57 set new standards that other developers sought to emulate, and the super-luxury condo market has gotten so oversaturated that price cuts cannot be avoided. Even Central Park Tower has resorted to offering incentives like three to five years of free common charges and paying half of brokers’ commissions. Real estate savant Jonathan Miller told The Wall Street Journal that the current condo boom “started with One57 and may end with Central Park Tower.”
According to Curbed, closings at Central Park Tower are expected to come in later this year. If it achieves its $4 billion sellout, it will be the most expensive condominium in the country. But if it doesn’t…well, we know what's been said about the higher they climb, and 1,550 feet is pretty high.
Living and dining area via Wordsearch
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Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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