Exposed on 57th street, stretching from Colombus Circle on the West side to Park Avenue on the East, lies an area most commonly known as Billionaires’ Row.
It is here, on Billionaires’ Row that apartments sell for now lower than $14m USD, and are only occupied for two to three months of the year.
A new development right in the middle of Billionaires’ Row is due to be World’s skinniest.
Having secured a $725m USD loan to build the new residential development, the 80-storey, 60-unit apartment building, the building spans only 13 metres wide, but will be a whopping 411 metres tall!
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Developed by JDS Development Group, the building will be the tallest residential tower in the Northern Hemisphere.
It is without surprise that the size has come into question, specifically when it comes to structural integrity; however, the developers are using an extremely thick perimeter that is wrapped in terracotta, glass and a bronze filigree, leaving a façade that should sparkle amongst the concrete jungle that Manhattan is.
JDS Development Group have only four years to sell 60 $14m USD + apartments, with upper levels expected to sell for over $30m USD.
With a good track record with previous high-end apartments, the developers are renowned for the conversion of the former Verizon-owned Walker Tower, which became one of the city’s best residential development projects in decades.
If you are interested in purchasing in this landmark building, and living amongst the ultra-rich and the $ famous, need to look no further than previous developments in the area, such as One57, where earlier this year an apartment was listed up for rent for $150,000usd per month.
With views like this, they are almost worth it…
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