Brian SilvestryExtell developement, the developer behind the One57 condo on Billionaire’s Row in Manhattan was able to secure financing to go ahead with their newest development on West 57th street. The building is a projected $4 billion sellout. With the market for super luxury slowing in the last couple years, one of the terms of the lenders is to have $500 million in sales by 2020. Central Park Tower will have 179 units and 20 of those units will be asking $60mm or more. The price per square foot will be just north of $7k psf.
The building will have a Nordstrom’s at it’s base and will rise 1550 feet.