Last week, we featured properties in New York City that were sold for only one dollar. This week, we’re looking at the flip side: some of the most expensive real estate deals that have taken place in New York City. This goes beyond the $100+ million dollar apartment listings you’re familiar with – these deals give you a sense of not only the size of transactions here in the city but the scale of the urban development that emerge from them.
All of these deals were over $1 billion, and included both single buildings and large complexes. We’ve come a long way from the “Million Dollar Corner,” on 34th Street and Broadway, which in 1911 was the most ever paid for a plot of land. In 2015 dollars, that sale for the 1,200 square foot corner would have been equivalent to $25.7 million.
The New York City skyline is getting a major face lift. By 2020, the city will have almost 40 new skyscrapers above 700 feet. While we’ve already compiled a list of the 10 tallest buildings in the City that either exist or are planned, National Geographic has recently reimagined New York City’s skyline with these various new planned and proposed skyscrapers. There are currently 15 new buildings higher than 700-feet being built in Manhattan and 19 other proposed. With this fun interactive map, you can explore the new developments of New York’s ever changing skyline. Light blue represents buildings that were completed from 2004 to 2015; orange represents buildings that are under construction; and yellow represents proposed projects.
Today, just a little after 1pm, we rode the inaugural 7 Line train from Times Square to Hudson Yards. As a pristine new subway train pulled into the station, the crowd of excited passengers–which was as diverse in age, ethnicity and temperament as New Yorkers can get–applauded. There was even a doomsday transit man, proclaiming to whoever gave accidental eye contact that the system was never supposed to be this way. None of this dampened the spirit, as applause returned again as the overhead speakers announced that this would be the first train ride to Hudson Yards.
Rendering by YIMBY/Jose Hernandez, with Central Park Tower at left (at unconfirmed 1,795 feet)
This question pops up around the Untapped Cities office pretty often. What’s the latest tallest building in New York City? With so many supertall buildings going up, particularly on the residential end, it can be hard to keep track. This will be our official tally (updated as new buildings come into play, or get chopped down by the powers that be) of the tallest buildings in New York City:
Last year, the High Line offered walks on the third, final section of the elevated railway at Hudson Yards in conjunction with Carol Bove’s Caterpillar exhibit, a series of site specific works. They’re bringing the walks back as “Winter Walks.” It’ll be a little cold, but look how pretty it looks with some snow! Registration is currently open for dates through February. One Untapped tip to check out when you visit–there are dates on the tracks that say when it was installed, going back to 1913.
Image Credit: James Corner Field Operations and Diller Scofidio + Renfro. Courtesy of the City of New York and Friends of the High Line.
During the recent 2013 MAS summit for NYC, Joshua David, co founder of the High Line mentioned- “Most parks are places where people go to escape the city, The High Line is a place where you go to experience the city in new ways”
… and what an experience it has been! As we move onto the third and final section of this elevated park, Friends of High Line co-founder Robert Hammond and City councilman-elect Corey Johnson joined the design team at the School of Visual Art’s Beatrice Theater on Monday evening to present construction updates and unveil design concepts for the Spur- a unique space within the third section of the High Line.