Channel: enrigue8

Category: Entertainment

Tags: millionaire skyscraper111w57usaskinniest building in the worldworld's skinniest building111 west 57th streetsteinwaysuper slender skyscraperbuildingbillionaire rowtallest building in the usus billionaire's rownew york's steinway towerskinniest buildingbillionaire's rowusbillionairebillionairessupertall residentialus billionairesskyscrapernew yorktallest buildingsskinniestsuper-skinny towerssteinway tower

Description: New York's Steinway Tower : The World's Skinniest Building Is Coming In US' Billionaire's Row 111 West 57th Street, also known as the Steinway Tower,is a supertall residential project by developers JDS Development Group and Property Markets Group in West Midtown in Manhattan, New York City. Located at 111 West 57th Street near Sixth Avenue, the development will be a combination of the original landmarked Steinway Building designed in 1925 by Warren & Wetmore, and a new tower addition on the adjacent site.Parkside Construction Builders is the general contractor. Parkside is currently under indictment for fraud, withholding wages and using undocumented immigrant labor on this site. When completed, the tower will be one of the tallest buildings in the United States, as well as the thinnest skyscraper in the world with a width-to-height ratio of about 1:23 The building is registered at the address 107 West 57th Street and was approved in January 2015. Excavation began in 2014, as did internal demolition within Steinway Hall. The tallest freestanding crane in New York City history, which measures 220 feet (67 m), is being used to construct the building. The building will include an 800-ton tuned mass damper to provide stability in the event of high winds or a seismic event. The skyscraper was designed by SHoP Architects and is being developed by Michael Stern's JDS Development Group and Kevin P. Maloney's Property Markets Group.[20] The north side of the tower rises directly up to the pinnacle of the building. On the south side of the tower, a series of setbacks appear as the tower rises. As the height of the building increases, the setbacks eventually thin out, with the tower "disappearing into the sky." The building's interiors were designed by Studio Sofield.The building will have a porte-cochère for residents, and a recital hall will be constructed as an architectural reference to the fact that the building is being constructed on top of Steinway Hall. Writing for Vanity Fair, Paul Goldberger referred to the plans for the tower as "quite possibly the most elegant" of the new structures planned for 57th Street and around Central Park, which include One57, 432 Park Avenue, and the as yet unfinished 220 Central Park South and 225 West 57th Street (Central Park Tower). Here are the prices Stern’s JDS Development Group and Maloney’s Property Markets Group are projecting a sellout of $1.45 billion for 65 apartments, according to the offering plan. The priciest condo is asking $58 million, or $8,179 per foot. Those numbers fall short of the potential price tags described in early AG filings. The developers originally envisioned two- and three-bedroom units asking between $40 million and $100 million, according to filings last year. Five-bedroom units (which are situated on lower floors) were tentatively priced between $40 million and $75 million. The approved offering plan has three-bedroom condos starting at $15.5 million and topping out at $53 million. The four-bedroom units, four in total, are priced between $53 million and $57 million. A person with knowledge of the building said several pricier units are not currently being offered and aren’t listed on the plan. Vornado Realty Trust used a similar tactic at 220 Central Park South, where hedge funder Ken Griffin is reportedly buying a $200 million mega unit.