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Mayflower Hotel Site - 2 Condo Towers (15 Central Park West)

9489 Views 21 Replies 11 Participants Last post by  TalB
This sounds great, I love Cesar Pelli's work. The design sounds very interesting too.




March 22, 2005 -- THE former Mayflower Hotel site will bloom with at least 250 luxury apartments and four levels of stores by 2007, sources said, bringing life to the barren block and ridding the Upper West Side of a long-standing scar on the urban fabric.

Local residents have wondered for years what might one day fill the empty lot between Trump International Hotel and Tower and the Century and 30 Lincoln Plaza apartment towers.

Since they bought the trapezoidal-shaped block bounded by Central Park West, Broadway and West 61st and 62nd streets last summer for $401 million, the new owners — managing partners Arthur and Lie Zeckendorf, Goldman Sachs' Whitehall Fund and a company controlled by Eyal Ofer — have gone to work with a vengeance, razing the Mayflower and excavating the vacant western side of the lot.

Although construction plans won't be announced for a few months, sources say to expect between 250-280 apartments — probably condos — and 88,000 square feet of stores on four levels along the entire Broadway blockfront, all for occupancy in late 2007.

The stores — with nearly as much combined space as the Home Depot in Vornado's Bloomberg tower — will fill the first and second floors plus two floors below grade along Broadway.

The completed project will bring continuity to the east side of Broadway north of Columbus Circle. The retail component means the development will offer a pedestrian-friendly face, like those of other large apartment buildings to the north.

Sources said apartments will likely average roughly 2,100 square feet. Two towers of different heights will rise above a much lower base — one tower near to Broadway, the other closer to Central Park West. The project is being designed by Cesar Pelli and Associates.

Sources said architects Schuman Lichtenstein Claman & Efron have been tapped to design the interior, a claim that could not be confirmed.

Arthur Zeckendorf was out of the country and could not be reached. A spokesperson for the developers, Michele de Milly would not confirm any specifics other than to say that plans "are far from final."

The Mayflower block has been an eyesore for decades. While the run-down hotel anchored the park side, the Broadway side was kept as an empty lot by its secretive Greek owners, the Goulandris family.

When completion of the Time Warner Center at Columbus Circle swelled nearby land values to astronomical levels, the Greeks finally sold out last summer.

No zoning changes are required for the project. Although Crain's recently estimated a total size of about 612,000 square feet, it might be larger based on how much extra space the developers get in exchange for construction of off-site, moderate-income housing — a bonus permitted under rules for the Special Lincoln Square District.

Zoning in the district very specifically establishes how a new building's bulk must be distributed. The Broadway street wall must rise 85 feet before any setback can occur and 125 feet high on Central Park West.

The only neighbors likely to be unhappy are some residents of adjacent apartment buildings and of Trump International Hotel and Tower, whose views will be blocked.
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TR Deal

Plans for Fifteen Central Park West unveiled

August 4, 2005

Plans for Fifteen Central Park West were unveiled today by Zeckendorf Development, The Real Deal has learned. The plans include details about the new 202-unit condo project, including its design – neo-classical – and its exterior – Indiana Limestone. Fifteen Central Park West, between 61st and 62nd streets, had been the home of the recently demolished Mayflower Hotel. Now, the plans for the site include two buildings – one 20 stories, the other 43 – that will connect at the base. Units will range from full-floor penthouses of more than 6,600 square feet to one-bedrooms at just over 1,000 square feet. Move-in for the first residents is slated for early 2007.
Wow! Can't wait to see the renders. It sounds great! Of course, anything from Pelli usually is.
Apparently Pelli isn't the architect anymore, Robert AM Stern is, here's a rendering and article...

NY Times

Tall and Shorter Towers Set for Mayflower Site

A view of Central Park West looking north from 61st Street, with the new buildings rising between the Trump tower and the Century.

Published: August 4, 2005

Perhaps the biggest mystery in Manhattan real estate - what are they ever going to build on the Mayflower Hotel block? - is being answered with a pair of limestone-clad apartment buildings, 19 and 35 stories, for buyers with at least $2 million to spend on a one-bedroom. Or $45 million for something bigger, with a terrace.

Having spent years to acquire the full block between Central Park West and Broadway, 61st to 62nd Streets, and having kept the $1 billion project secret for months even as demolition and construction crews readied the site, Zeckendorf Development is now showing its plans to community leaders on the Upper West Side.

As designed by Robert A. M. Stern Architects and S.L.C.E. Architects, the 886,000-square-foot complex - called 15 Central Park West - is to have a 231-foot-high apartment house on the park side and a 550-foot midblock tower, separated by a private courtyard. Stores will line a five-story base along Broadway.

There are to be 201 condominium apartments. The building is to open in 2007.

Asked if they feared that the real estate bubble would burst by then, the co-chairmen of Zeckendorf Development, Arthur W. and William Lie Zeckendorf, sounded confident. "The market remains - knock on wood - very strong," Arthur Zeckendorf said, "and this caters to the upper end, which is a market with a limited amount of inventory."

Although developers customarily use hyperbole when speaking about their projects, William Zeckendorf may be accurate in saying that the Mayflower site "is likely to be the last full block front on Central Park West or Fifth Avenue, south of 96th Street, that will be available in our lifetimes." The hotel on Central Park West was recently demolished. The rest of the 1.3-acre parcel has been vacant for 18 years.

To put the new tower in context, it is roughly 35 feet shorter than the Trump International Hotel and Tower to the south and 210 feet taller than the Century Apartments to the north. Mr. Stern said he was taking design cues more from older West Side buildings than from modern, glass-skinned skyscrapers.

"You'll see plantings, and you'll see people from time to time," Mr. Stern said, "as opposed to many buildings where you have no sense of the human life within."

This would be achieved, he said, through the use of large windows, small balconies, rooftop loggias and set-back terraces like the one stretching 282 feet around the 6,600-square-foot penthouse in the Central Park West structure, which will be offered for $45 million. In the tower will be a few 1,000-square-foot units for $2 million.

About 87,000 pieces of Indiana limestone will clad the structures, William Zeckendorf said, from Oolitic, Ind., the quarry that supplied the Empire State Building.

Between the buildings will be a 70-by-200-foot courtyard and driveway with an oval pavilion at its center and a glass-bottom reflecting pool at the north end. This will be directly over the indoor pool of the residents' health club.

Unless Zeckendorf Development applies for a permit for a parking garage, the project will be constructed "as of right" under existing zoning rules, William Zeckendorf said, meaning that it would not be subject to discretionary review.

Nevertheless, the Zeckendorfs and Mr. Stern this week began making presentations to neighbors and officials, including City Councilwoman Gale A. Brewer.

"Design-wise it seems very appropriate for Central Park West and Broadway," Ms. Brewer said. She added, however, that it was too bad the courtyard would be private, even though it follows the example of West Side landmarks like the Apthorp and the Belnord.

"You just wish," she said, "that people could enjoy it for some period of the year."
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It fits the location. I'll take 550 feet there.
This is going to be two classy buildings, I'm looking forward for them.
Athough Trump might be getting pissed at all the competition. First of all with the twins overshadowing his own tower, and now this.
Didn't Trump put signs on top of Trump Tower saying he's got better views of Central Park?
$45 Million, they must be some of the most expensive apartments in New York.
what a way to create a transition from the commercial midtown to the residential upper west side.

550ft's pretty tall for a 35-story residential tower. or is it 43 floors? man, the articles are not being consistent.

but the trump international hotel's still the better tower for sure.
I need a rendering.
NewYorker1 said:
I need a rendering.
It was posted above...

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I couldn't see the renderings in the picture. Thanks.
15 Central Park West construction commences

The partners in the $1 billion luxury residence: Eyal Ofer, Zeckendorf, and Goldman Sachs.

Gali Weinreb 28 Sep 05 10:11

Global Holdings Inc., owned by Eyal Ofer, Zeckendorf Development LLC, and Goldman Sachs (NYSE:GS) yesterday began construction of the luxury 15 Central Park West project on the site of the recently demolished Mayflower Hotel.

Construction will cost $900 million, in addition to the $400 million paid for the land. The partners will also pay heavy taxes and compensation to four tenants with rent controlled units who resided in the hotel. The developers will also build low-cost apartments in a second project at the corner of West 102 St and Broadway, in exchange for exceeding building limits for the 15 Central Park West project.

Taken together, these are record development costs, even for the sky-high New York real estate market.

Eyal Ofer is the son of Sammy Ofer and the brother of Israel Corp. chairman Idan Ofer.

The15 Central Park West project comprises two high-rises joined at the base, one 20 stories, and the other 40. The 202 condominiums will range 90-sq.m. one-bedroom costing $2 million to full-floor penthouses costing up to $45 million. Luxury shops will occupy the ground floor.

Move-in for the first residents is slated for early 2007.

Published by Globes [online], Israel business news - - on September 28, 2005
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That's quite the view of Central Park and the skyline.
No takeover here for Icahn

Sales at the ultra-pricey 15 Central Park West, the former site of the Mayflower Hotel, appear to have slowed.

Already taking a pass on his reserved $43 million penthouse condo is financier Carl Icahn.

"Other billionaires are giving up their places on the reserved list," claims one source.

"Only about 20 percent of the apartments have contracts out. But the sales office claims it's higher."
November 2005
A luxurious new cornerstone at south end of Central Park

At up to $6,000 a square foot, Stern's opulent design on Mayflower site lures bluebloods with greenbacks

By Steve Cutler

15 Central Park West

For years, Manhattan real estate mavens held their breath in anticipation of what might arise on the full-block vacant lot at West 61st Street between Central Park West and Broadway, which was once home to the Mayflower Hotel.

Now that plans for the Robert A.M. Stern-designed ultra-luxury condominium at 15 Central Park West have gone public, many insiders are breathless still.

"It's created a vortex, sucking the market from all the other buildings in the $5 million to $15 million price range," said broker Mazhar Raslan, whose IT Properties holds exclusives in several such buildings, including Trump International Hotel & Tower, 15 Central Park West's next-door neighbor.

"Most of those buyers want to go there," he said. "A friend at 110 Central Park South said that when the sales office for 15 Central Park West opened, her market declined substantially. Anything in that price range and location would be affected."

And what a price range. Some units sell for more than $6,000 a square foot. A 6,600-square-foot penthouse with set-back terrace overlooking the park asks $45 million. "Bargains" do exist among the lower level units that do not face Central Park, some of which can be had for around $2,000 a square foot.

Zeckendorf Development Corporation, developers of the project, originally figured it would take four years for all the apartments to sell at these prices, but it appears unlikely it will take that long. The building opened for sales on Sept. 8, and more than 70 of the 202 units were in contract as of mid-October, not in small part due to a marketing campaign estimated to exceed $20 million. The entire 39th floor has reportedly already been sold to a single buyer.

The sales office, designed by Stern, is a lavish, full-floor apartment at Carnegie Hall Tower on 57th Street, displaying some of the finishes he will use at 15 Central Park West. An elaborately produced short film was created to promote the building.

The $1 billion project will consist of two wings: the 20-story House on Central Park West and the 43-story Tower bordering Broadway. The two are connected by a private courtyard.

"The lower building facing the park is simply following the zoning," said Stern. "The zoning model for that block is the typical tower buildings along Central Park West, which took their cue from the Dakota. With the twin tower buildings on Central Park West built in the late 1920s, the towers rested on top of the low building masses. Our tower rises behind it."

Contemplating the design for the building, recalls Stern, "we thought this building, which is on the last significant available site likely for a generation – maybe forever – on Central Park West, should enter into a conversation or a dialogue with the typical building along Central Park West."

The neo-classical design provides a remarkable complement to its northern neighbor at 25 Central Park West, the Century, a 1930 Art-Deco masterpiece. And to stamp it with an indelible touch of class, Stern clad the exterior of the building entirely in limestone.

"Studying apartments in New York," said Stern, "and reviewing them with our clients, the Zeckendorfs, we came to the conclusion that by and large the toniest buildings, the ones that convey the greatest sense of value, are clad in limestone."

The limestone will come from the Empire Quarry in Indiana, the source of the stone for the Empire State Building, the Metropolitan Museum of Art, 834 Fifth Avenue, and 740 Park Avenue South. The quarry was reopened to supply this building.

The interiors reflect traditional prewar construction values. "They have big rooms," said Stern, "opening to each other in ways that are gracious so people can flow through the apartment, particularly the living rooms, libraries and dining rooms." And they have big windows. "It's a myth that if you have a masonry façade you don't have opportunities for big windows," Stern said. Ninety percent of the units have Central Park views.

The elevator cores in the buildings are separated, two per floor, so that no more than two apartments share one elevator, another detail borrowed from prestigious prewar apartment houses.

Residents of the tower building will enter through the garden courtyard, as the back of the building rests on Broadway and must conform to the zoning requirements of the Lincoln Square Special District. The first two floors on Broadway will offer 85,000 square feet of store space in one of the most active retail markets in the city.

"There are approximately 80 layouts for the apartments," said Corcoran Group agent Robby Browne, famous for selling a $42.5 million apartment at the Time Warner Center in 2003, "and every one has merit." Browne, who lives next door at The Century, took an apartment at 15 Central Park West for himself.

Amenities at the building include a 13,500-square-foot, Sterndesigned fitness center and spa, with a 75-foot swimming pool featuring skylights illuminated by the reflecting pool in the garden above; private dining room with full-time chef; wine-cellars; business center, children's playroom; and a Theo Kalomirakas-designed private screening room with seating for 20. Owners are offered 29 guest/staff suites for purchase.

"15 Central Park West is the sexy deal of the day," said Raslan, raising the bar for luxury finishes and extravagant marketing for future contenders like the Plaza Hotel, which will debut shortly, and where condos are expected to sell in the $5,000-plus-per-squarefoot range.

"Once you see what Zeckendorf did, you're going to have to do something like that," he said. "You can't turn the clock back."
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November 22, 2005 -- EXCLUSIVE

A brash hedge-fund manager is putting his money where his mouth is — agreeing to pay a record $45 million for a Manhattan residence.

Daniel Loeb, the outspoken founder of New York-based Third Point LLC, has signed a contract to buy a more than 10,000-square-foot penthouse condominium under construction at 15 Central Park West at the site of the old Mayflower Hotel.

The hard-charging investment mogul, who manages a $3.6 billion fund, is known for his publicly circulated poison-pen letters to executives he claims are pretentious or lazy. The New Yorker magazine described him as an investor's version of the late political columnist H. L. Mencken, but added that his manner could be "self-interest disguised as moralistic bombast."

Loeb had no comment about his purchase.

Plans for the 10,700-square-foot, full-floor pad include eight bedrooms, 10 full bathrooms, two powder rooms, a large screening room, his-and-hers offices, a library and terraces measuring nearly 800 square feet. The 39th-floor apartment features 14-foot ceilings. It is to be completed by spring 2007.

The towering sales figure beats the previous record held by News Corp. Chairman and CEO Rupert Murdoch, who paid $44 million earlier this year for the late Laurance Rockefeller's triplex co-op penthouse on Fifth Avenue. News Corp. owns The Post.

It also bests the previous record condo price of $42.25 million that Mexican financier David Martinez paid at the nearby Time Warner Center. Martinez combined a full-floor apartment on the 76th floor with a half-floor residence above. He then recently purchased the other half of the 77th floor for about $12 million, giving him almost 17,000 square feet total after spending nearly $53 million.

Loeb's purchase comes seven months after he bought a sprawling eight-bedroom West Village town house for $11.2 million.

The 15 Central Park West complex — designed by renowned architect Robert A.M. Stern and developed by brothers Arthur and William Lie Zeckendorf — will comprise two structures between Broadway and Central Park West (from 61st to 62nd streets).

A drive-in courtyard will separate the 20-story building and a 43-story tower, both with pricey Indiana limestone facades. There are 200 residences ranging in price from $1.97 million for a one-bedroom place to Loeb's $45 million palace. Also featured in the complex are retail stores, a private 13,500-square-foot gym and spa, a private restaurant, wine cellars and staff quarters.

According to a release by Zeckendorf Development, the building is about 40 percent sold, with 12 of the 16 penthouses already spoken for.

[email protected]
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Here is an update from Curbed.

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