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06.01.2012
Sky's The Limit
New York playing catch-up on super tall residential skyscrapers.
Courtesy Respective Architects

Residential towers streaking up over 1,000 feet represent the latest phenomenon in New York’s storied skyscraper history. Of the world’s 49 completed buildings over 1,000 feet, only 12 are residential, mostly in Dubai or Asia. Two, the Hancock Center and Trump International, are in Chicago. Not to be outdone, New York has broken ground on two of four planned supertall residential towers. Russia’s ultra-wealthy investing class are providing some of the fuel for take-off, as it is estimated that as much as five percent of their foreign investment is directed into American real estate, much of it super-luxe apartments. In fact, when a trust fund in the name of Dmitry Rybolovlev’s daughter Ekaterina purchased the penthouse at 15 Central Park West, it drove the price of the penthouse at Extell Development’s 90-story One57 up from $98.5 million to a cool $110 million.

1. Tower Verre
Height: 1,050 ft.
Units: 120
Architect: Jean Nouvel
Developer: Hines
Address:
53 West 53rd St.
Status: Approved/On Hold

 

2. 432 Park
Height: 1,380 ft.
Units: 128
Architect: Rafael Viñoly
Developer: CIM Group
Address:
432 Park Ave.
Status: Under Construction

 

3. One57
Height: 1,004 ft.
Units: 95
Architect: Christian de Portzamparc
Developer: Extell
Address:
157 West 57th St.
Status: Under Construction

 

4. GiraSole
Height: 1,060 ft.
Units: 128
Architect: FXFOWLE
Developer:
Moinian Group
Address:
3 Hudson Blvd.
Status: Approved/On Hold

Matt Shaw