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The state Appellate Division’s First Judicial Department issued a ruling on Tuesday denying the West 58th Street Coalition’s motion to extend a temporary injunction to stop the opening of the homeless shelter. The city plans to open the shelter at the former Park Savoy Hotel at 158 W. 58th St. It is located on a block near an area dubbed Billionaires’ Row, which is home to a group of luxury residential skyscrapers. — The Wall Street Journal
The Wall Street Journal reports that the West 58th Street Coalition, the neighborhood group opposing the planned homeless shelter, would "appeal Tuesday’s ruling to the state’s highest court, the Court of Appeals, which would hear the case in the fall." The shelter population in New York City... View full entry
A judge temporarily stopped the city’s plan to open a homeless shelter in a former hotel near Billionaires’ Row, which a group of residents have been trying to derail citing fire safety concerns in the property. [...]
The stay is the latest in a nearly two year battle between locals and the city over the shelter at the Park Savoy Hotel—which backs against the One57 luxury tower that has $100 million condos [...].
— Commercial Observer
"Neighbors have fiercely opposed the shelter, citing possible increased criminal activity and fire safety concerns," reports Curbed NY. "But, as [Judge Alexander] Tisch noted in his April ruling, the FDNY approved the building’s Fire Protection Plan. Further, a source familiar with the plan said... View full entry
By living above 800 feet, Estis and Enkin are two members of an unexpectedly exclusive group in Manhattan. In my estimation, no more than 40 people currently live above that line, scattered among just three buildings...
As my elevator descended and my ears popped, it occurred to me that I would almost certainly never take in such a view again. And in fact, maybe nobody will, if these apartments wind up becoming empty investments.
— The New York Times
In this elegantly observed and exquisitely written piece, Jon Ronson not only takes in the view of Manhattan at 800+ feet with visits to Trump World Tower, One57, and 8 Spruce Street but looks toward the future of a nation divided by an increasingly intractable wealth gap. Real estate of the... View full entry
A palatial unit occupying the 89th and 90th floor of One57 has just sold for a record-breaking $100,471,452.77—the most expensive condo purchase ever recorded Manhattan. — 6sqft
The penthouse sale at Christian de Portzamparc's One57 shatters a record previously held by Sanford Weill who bought an $88 million penthouse at the Robert AM Stern-designed 15 Central Park West in 2012. The arguably inflated purchase shows that NYC's real estate shows no signs of... View full entry
A crane attached to One57, the luxury apartment tower under construction in midtown Manhattan, partially collapsed amid gusts from Hurricane Sandy. [...]
One57, poised to be the tallest residential property in Manhattan at 90 stories, is being developed by Extell Development Co. A penthouse at the building went under contract earlier this year for more than $90 million.
— businessweek.com
It is ironic that with all the griping about New York's construction constraints, Mr. de Portzamparc said he found the city liberating. "In fact, New York is very attractive," he said. "There are fewer constraints than in most of our European cities." He told the IBT that the building is a tribute to Central Park, of which it will have commanding views, as well as the skyline itself, where the new tower will "evoke the energetic cascade of New York's verticality." — New York Observer
A new look at what may well be the most expensive starchitecture ever. View full entry
