The Zeckendorf brothers are famous for their crown jewel: 15 Central Park West, what most consider the top address in NYC. Since 15 CPW, the brothers have only taken on two projects —18 Gramercy Park South and 50 United Nations Plaza. But their next luxury condo tower, 520 Park Avenue, slated to be finished in 2018, is arguably their most ambitious undertaking since.
The 33-unit building, designed by Stern who aesthetically conceived 15 CPW, will have the same understated style: clad head to toe in the same Indiana limestone and boasting white oak and marbled residences along with a French walnut wood lobby equipped with a fireplace. It will also have some of the same high expectations. Prices at 520 Park start at $20.5 million. The triplex penthouse is asking $130 million.
The project — with a total sellout price of $1.2 billion — is indisputably top-notch, but some say the location is second-rate compared to 15 CPW. While the building has Central Park views, unlike 15 CPW, it’s not directly on the park nor does it have frontage on Park Avenue. It’s also said to be missing one key amenity that many wealthy buyers have come to expect— a motor court, which rival buildings 432 Park and 220 Central Park South both have. We will see how choosy billionaires will judge this construction created for the upper echelons.