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[22] [23] [24] Due to its slenderness, the building has been characterized as part of a new breed of New York City "pencil towers". [25] The tower's exterior is a lattice of poured-in-place concrete made from white Portland cement that forms a regular grid of 10-foot-square (3.0 m) apertures.
This was when the term "pencil towers" was used to describe these micro-developments. Currently, a 430-square-foot (40 m 2) unit on a pencil tower has an average price of HK$4.3 million. [6] [15] [16] (US$0.55 million) Pencil towers became one of the most typical building types in Hong Kong, beside tong lau and cruciform apartments. [9]
Central Park Tower: New York City United States: 472.4 metres (1,550 ft) 98 2020 Has been the tallest residential building in the world since 2020. Tallest pencil tower in the world. 2 111 West 57th Street: New York City United States: 435.3 metres (1,428 ft) 84 2021 Topped out in April 2019. 3 432 Park Avenue: New York City United States
The neighborhood has some of the most expensive residences in the world. The top two floors of One57 sold to Michael Dell for $100.47 million in 2015, setting a record for the most expensive apartment ever sold in New York. [2] [3] Another bi-level apartment in the building was bought by hedge fund manager Bill Ackman for $91.5 million. [4]
[9] [10] Nikolai Fedak, writing for New York YIMBY, compared plans to incorporate 260 Fifth Avenue into the new building's base to plans for 111 West 57th Street. [7] In January 2019, New York YIMBY reported that work on the building was apparently not progressing. [11] Kuzinez sold the site at 260 Fifth Avenue to Amir Loloi for $52.5 million ...
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