It is along the southern border of Central Park, in the area dubbed Billionaires’ Row, that the hub of these New York pencil-thin skyscrapers are located.Ī pivotal concept to understand when analysing these super thin structures is something called ‘air rights’. While in Dubai and other more sparsely developed locations, these structures can be designed with wide bases and sprawling foundations, the already confined space of Midtown Manhattan has led to the genesis of a new obsession for developers: super slender skyscrapers. The epitome of this phenomenon has got to be the addition of entirely pointless masts and spires on skyscrapers incorporated solely to make them taller than their competitors. While they may look the part, these structures are no more than glass vanity projects for countries and cities to boost their image. Realistically, do we need the ridiculously tall and thin skyscrapers being constructed in places like New York, Dubai and East Asia? Absolutely not. In recent decades, the urban architectural landscape has seen a resurgence in the arms battle for who can build the tallest buildings. ![]() Understanding Billionaires’ Row and New York’s zoning laws Centred around 57 th Street, there has always been controversy linked to these ultra-expensive developments but it has been more recent events surrounding the supertall skyscraper, 432 Park Avenue, that have inspired today’s post. It’s worth noting that these units have been purchased, but due to a plethora of reasons, their uninhabited status for the majority of the year has created a billion dollar ghost town in the heart of Manhattan. Many of the super slender skyscrapers in this area were designed through the focus of a residential lens and yet like many elite real estate developments, a lot of the units remain empty. ![]() Two current listings show a 96th-floor unit asking $169 million and one on the 79th seeking $135 million, placing the condos above pricing precedent but in good company on Billionaires’ Row.A product of New York City’s property boom in the recent years, the area along the southern end of Central Park dubbed ‘Billionaires’ Row’ is beginning to have its luxury and idyllic veneer removed. ![]() The building can boast some of the priciest units in the world, which the widely covered complaints don’t appear to have hurt. Two current listings show a 96th-floor unit asking $169 million and one on the 79th seeking $135 million, placing the condos above pricing precedent but in good company on Billionaires’ Row. That attention turned to controversy after The New York Times detailed tenants’ gripes in a February story titled “The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks.”ĭespite the building’s reported issues and the board’s subsequent legal action, the condo tower has remained popular with wealthy clientele, according to recent sales and agents who previously told The Real Deal the controversies haven’t hurt interest in available units. The filing is the latest for the closely watched skyscraper, which opened in 2015 to much interest in its striking design and sky-high price points. As a result, the developer says, the complaint should be dismissed. ![]() However, CIM claimed the board repeatedly prevented the developer “from accessing the building and finishing the job.” The firm also took issue with the board’s “an ever-increasing list of demands,” the majority of which were not required under the building’s design, code or governing legal document.
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