flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
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

| Jan 28, 2014

2014 predictions for skyscraper construction: More twisting towers, mega-tall projects, and 'superslim' designs

Experts from the Council on Tall Buildings and Urban Habitat release their 2014 construction forecast for the worldwide high-rise industry. 

| Jan 28, 2014

16 awe-inspiring interior designs from around the world [slideshow]

The International Interior Design Association released the winners of its 4th Annual Global Excellence Awards. Here's a recap of the winning projects.

| Jan 24, 2014

Urban Land Institute, Enterprise outline issues in rental housing shortage: Report

Bending the Cost Curve: Solutions to Expand the Supply of Affordable Rentals outlines factors that impede the development of affordable rental housing – causing the supply in many markets to fall far short of the demand.

| Jan 22, 2014

SOM-designed University Center uses 'sky quads,' stacked staircases to promote chance encounters

The New School's vertical campus in Manhattan houses multiple functions, including labs, design studios, a library, and student residences, in a 16-story building.  

| Jan 13, 2014

Custom exterior fabricator A. Zahner unveils free façade design software for architects

The web-based tool uses the company's factory floor like "a massive rapid prototype machine,” allowing designers to manipulate designs on the fly based on cost and other factors, according to CEO/President Bill Zahner.

| Jan 8, 2014

Strengthened sprinkler rules could aid push for mid-rise wood structures in Canada

Strengthened sprinkler regulations proposed for the 2015 National Building Code of Canada (NBCC) could help a movement to allow midrise wood structures.

Smart Buildings | Jan 7, 2014

9 mega redevelopments poised to transform the urban landscape

Slowed by the recession—and often by protracted negotiations—some big redevelopment plans are now moving ahead. Here’s a sampling of nine major mixed-use projects throughout the country. 

| Jan 3, 2014

World’s tallest vegetated façade to sprout in Sri Lanka [slideshow]

Set to open in late 2015, the 46-story Clearpoint Residences condo tower will feature planted terraces circling the entire structure. 

| Dec 31, 2013

BD+C's top 10 stories of 2013

The world's tallest twisting tower and the rise of augmented reality technology in construction were among the 10 most popular articles posted on Building Design+Construction's website, BDCnetwork.com.

| Dec 27, 2013

$1 billion 'city within a city' development approved by Coachella, Calif., city council

The mega development includes 7,800 homes, a retail center, office space, and nearly 350 acres of open space.

boombox1 - default
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