flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The country's most expensive home sells for $238 million

Multifamily Housing

The country's most expensive home sells for $238 million

The unit comprises four stories at 220 Central Park South in Manhattan.


By David Malone, Associate Editor | January 25, 2019
220 Central Park South's limestone facade

220 Central Park South under construction. Courtesy Wikimedia Commons, godsfriendchuck

220 Central Park South, a 953-foot-tall luxury multifamily tower that overlooks Manhattan’s Central Park, is the new location of the most expensive home ever sold in the United States. Ken Griffin, the Founder and CEO of the global investment firm Citadel, made the record-setting purchase, plunking down $238 million for a 24,000-sf penthouse. The previous record was held by a home that sold in the Hamptons in 2014 for $137 million.

The penthouse occupies four entire floors (50 through 53) in the 70-story, Robert A.M. Stern Architects-designed building. The palatial unit contains 16 bedrooms, 17 bathrooms, five balconies, and a Central Park-facing terrace. In addition to the penthouse, Griffin will be able to take advantage of such building amenities as a porte-cochère, a wine cellar, a swimming pool, private dining rooms, an athletic club, a juice bar, a library, a basketball court, and a golf simulator.

 

See Also: Caoba is the first tower to open at Miami Worldcenter

 

The $238 million price tag accounts for 17% of 220 Central Park South’s $1.4 billion cost to build. It also breaks down to about $9916.66 per square foot. Vornado Realty Trust owns the building. In addition to Romert A.M. Stern Architects, the build team also included Thierry W. Despont (interiors) and DeSimone Consulting Engineers (structural engineer).

Related Stories

| Aug 23, 2013

Mack Urban, West Coast real estate and development firm, formed from intercompany collaboration

Urban Partners, LLC, Harbor Urban, LLC, and Mack Real Estate Group, three leading full service real estate firms known for high quality urban infill development, today announced the formation of Mack Urban, LLC, a premier West Coast real estate investment and development company.

| Aug 22, 2013

Energy-efficient glazing technology [AIA Course]

This course discuses the latest technological advances in glazing, which make possible ever more efficient enclosures with ever greater glazed area.

| Aug 22, 2013

6 visionary strategies for local government projects

Civic projects in Boston, Las Vegas, Austin, and suburban Atlanta show that a ‘big vision’ can also be a spur to neighborhood revitalization. Here are six visionary strategies for local government projects. 

| Aug 21, 2013

Chicago's Magellan Development Group builds national presence with new luxury apartments

Chicago-based Magellan Development Group, one of the Midwest’s most prolific large-scale, mixed-use developers, is building a national footprint through two mixed-use projects in Minneapolis and Nashville.

| Aug 21, 2013

SummerHill Apartment Communities creates SoCal division, hires SVP, announces development plans

SummerHill Apartment Communities, a division of SummerHill Housing Group based in San Ramon, Calif., announced today that the firm has hired multifamily industry veteran Patrick S. Simons as senior vice president to lead SummerHill Apartment Communities' new Southern California division. Simons will be focused initially on creating a high volume of future projects throughout Southern California.

| Aug 14, 2013

Green Building Report [2013 Giants 300 Report]

Building Design+Construction's rankings of the nation's largest green design and construction firms. 

| Jul 25, 2013

First look: Studio Gang's residential/dining commons for University of Chicago

The University of Chicago will build a $148 million residence hall and dining commons designed by Studio Gang Architects, tentatively slated for completion in 2016.

| Jul 19, 2013

Reconstruction Sector Construction Firms [2013 Giants 300 Report]

Structure Tone, DPR, Gilbane top Building Design+Construction's 2013 ranking of the largest reconstruction contractor and construction management firms in the U.S.

| Jul 19, 2013

Reconstruction Sector Engineering Firms [2013 Giants 300 Report]

URS, STV, Wiss Janney Elstner top Building Design+Construction's 2013 ranking of the largest reconstruction engineering and engineering/architecture firms in the U.S.

| Jul 19, 2013

Reconstruction Sector Architecture Firms [2013 Giants 300 Report]

Stantec, HOK, HDR top Building Design+Construction's 2013 ranking of the largest reconstruction architecture and architecture/engineering firms in the U.S.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021