Central Park Tower Becomes World’s Tallest Residential Building

WCBS 880 Newsroom
September 17, 2019 - 5:10 pm
Central Park Tower

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NEW YORK (WCBS 880/AP) — The Central Park Tower on West 57th Street has finally reached its long-awaited milestone.

The sprawling tower located next to Central Park on Tuesday became the world’s tallest predominantly residential building, according to the building’s developer.

Extell Development Co. President Gary Barnett said the $3 billion, 1,550-foot Central Park Tower is entering an "oversupplied" market.

"We have to price it at a reasonable range for this type of product," he said. "And we have to be flexible when we're selling the really large units."

Apartments now listed on Central Park Tower's website range from $6.9 million for a 33rd floor, two-bedroom to $63 million for a 112th-floor, five-bedroom.

Critics have complained the tall, skinny towers proliferating along the southern edge of Central Park over the last few years are casting shadows on the park, but Barnett dismissed those concerns. "We've done shadow studies," he said. "It's just a question of, you know, occasionally somebody might be sitting somewhere in the park and there'll be a shadow for, I don't know, 20 or 30 minutes."

Extell secured the right to build Central Park Tower by buying 6,000 square feet of "air rights" from surrounding buildings. Its 1,550-foot height makes it even taller than One World Trade Center without its crowning spire.

The Council on Tall Buildings measures One World Trade Center's height as 1,776 feet, a tally that includes the spire. Measured just to the roof, One World Trade's height would be 1,368 feet. By comparison, Chicago's Willis Tower is 1,451 feet when measured to the top of its roof and 1,729 feet when measured to the top of the television masts atop its roof.

Central Park Tower will be the world's tallest building that is mostly residential, although there are other buildings with a residential component that will be taller.

Extell's partners in the project include Nordstrom, which is building a seven-story department store at the building's base.

Nordstrom department store will occupy the first seven floors of the West 57th Street building.

(© 2019 WCBS 880. The Associated Press contributed to this report.)