Manhattan Skyline is Changing Drastically
Manhattan will be parading a new skyline by 2020 with a spectacular array of new residential skyscrapers. Extensive new developments from 53rd street to the Southside of Central Park will result in innovative small footprint architecture specifically suited for residential towers. While redefining the city’s silhouette, the luxury residential towers will pave the way toward a new era of luxury living. Extell Development is a major contributor to the fast-approaching transition of Midtown with One57 and Nordstrom Tower. One57, flaunts glass curtain wall facades and already stands 90 stories high over Central Park with units occupied for over a year now.
Extell spent a total of $1.4 billion building its prized skyscraper expecting $2 billion in net sales. A few blocks away, Nordstrom Tower isn’t set for completion until 2018 with an expected height of 1775 feet—making it the tallest residential tower on the planet. The other super buildings on what has become known as Billionaire’s Row include; 432 Park Avenue at 1400 feet, 111 West 57th street (1350 feet) and 53 West 53rd street (1050 feet) the latter two of which are on track for finalization in 2017. 432 Park Avenue currently has units available for sale for those looking to claim their stake in Manhattan’s ever-changing horizon. The majority of these towers will occupy the West side of Midtown for a more centered location that presents expansive views of Central Park from residents’ homes. This exciting metamorphous for New York City is underway and by 2020 these exciting new properties will paint a new portrait of Manhattan.