Saturday, December 14, 2013

New towers for the rich soar in NYC – Condo sells for $95 million, NYT chief buys 3.4 million fixer-upper


New towers for the rich soar in NYC
The very tall, very skinny residential buildings popping up in Manhattan are being built for the world’s richest people
NEW YORK — Here’s how a 1932 guide to Manhattan describes the view of Central Park from the 43-story Essex House: “an unbroken vista — unequaled anywhere in the city. … Few apartment buildings in the world are more ideally located.”
Today, here’s how visitors typically describe the park view from One57, an apartment building a block south of the Essex House and more than twice its height: “Wow!”
The same can be said of the building itself. One57 exemplifies a new type of skyscraper — very tall, improbably slender, ostentatiously opulent — that is reshaping a famous skyline composed mostly of bulky office buildings.
Condo sells for $95 million 
The 432 Park penthouse has sold for $95 million; two duplex apartments at One57, now nearing completion, also are under contract, each for more than $90 million. Even a studio apartment on a lower floor at 432 Park (designed for staff — a maid or butler) costs $1.59 million.
NYT chief buys 3.4 million fixer-upper 
Former BBC chief Mark Thompson buys run-down $3.4 million Manhattan apartment
New York Times chief Mark Thompson brings in the restorers as he buys grand but run-down $3.4 million Manhattan apartment
Mark Thompson, the former BBC chief who now runs The New York Times, has just paid $3.4 million (£2.1 million) for a grand but run-down four-bedroom apartment in a luxury doorman building on Manhattan’s Upper West Side.
If he is seeking a distraction from the controversy of the Jimmy Savile scandal across the Atlantic, then there will be plenty to keep him busy with the new home that he has bought with his wife Jane Blumberg, an American academic.


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