Zeckendorf Development, creator of the iconic 15 Central Park West and icon-in-training 18 Gramercy Park, will break ground next week on a new 44-story apartment building on the East Side.
Brothers William and Arthur Zeckendorf are partnering with Global Holdings to build a rental tower at 50 United Nations Plaza, Crain’s reported. Pritzker Prize-winning British architect Norman Foster, of Hearst Tower fame, will design the project. This will be the first residential property in the US by Foster, who recently was also tapped to design a block-long office tower at 425 Park Avenue.
Zeckendorf Development bought the 50 United Nations Plaza site in 2007 for $160 million, but it has sat vacant since. The developers have released few details about the building, other than claims that it will “set a new standard in luxury living” and be “a milestone for architectural excellence,” Crain’s reported. 15 Central Park West has historically been one of Manhattan’s most successful condo projects; the record-breaking $88 million February sale of former Citigroup head Sanford Weill’s penthouse sparked a trend of crazy expensive listings.
We’ll be keeping our eyes and champagne grapes peeled on this one.