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

| Feb 5, 2013

8 eye-popping wood building projects

From 100-foot roof spans to novel reclaimed wood installations, the winners of the 2013 National Wood Design Awards push the envelope in wood design.

| Jan 31, 2013

Map of U.S. illustrates planning times for commercial construction

Stephen Oliner, a UCLA professor doing research for the Federal Reserve Board, has made the first-ever estimate of planning times for commercial construction across the United States.

| Jan 31, 2013

More severe wind storms should prompt nationwide reexamination of building codes, says insurance expert

The increased number and severity of storms with high winds nationally should prompt a reexamination of building codes in every community, says Mory Katz, vice president, Verisk Insurance Solutions Commercial Property, Jersey City, N.J.

| Jan 29, 2013

Trinitas and Harrison Street Break Ground Near University of Kentucky

The 699-bed Collegiate on Angliana, with an anticipated opening date of August 2013, will serve students attending the University of Kentucky (UK).

| Jan 23, 2013

Music-Inspired Apartment Complex Completed in Tampa's Tempo District

Named in honor of jazz artist Ella Fitzgerald, Ella at Encore is the first building to rise from plans to develop a mixed-use, mixed-income urban village in the community.

| Dec 6, 2012

Suffolk Construction awarded Phase Two of Boston’s Old Colony redevelopment project

Project team breaks ground on South Boston public housing project designed for energy efficiency.

| Nov 13, 2012

2012 LEED for Homes Award recipients announced

USGBC recognizes excellence in the green residential building community at its Greenbuild Conference & Expo in San Francisco

| Nov 11, 2012

Greenbuild 2012 Report: Multifamily

Sustainably designed apartments are apples of developers’ eyes

| Oct 5, 2012

2012 Reconstruction Award Silver Winner: 220 Water Street, Brooklyn, N.Y.

The recent rehabilitation of 220 Water Street transforms it from a vacant manufacturing facility to a 134-unit luxury apartment building in Brooklyn’s DUMBO neighborhood.

| Aug 1, 2012

C.W. Driver forms Driver URBAN

Driver URBAN specializes in the construction of multi-family apartments, mixed-use developments, affordable housing, student and senior housing, and hospitality projects.

boombox1 - default
boombox2 -
native1 -

More In Category

Mass Timber

Charlotte's new multifamily mid-rise will feature exposed mass timber

Construction recently kicked off for Oxbow, a multifamily community in Charlotte’s The Mill District. The $97.8 million project, consisting of 389 rental units and 14,300 sf of commercial space, sits on 4.3 acres that formerly housed four commercial buildings. The street-level retail is designed for boutiques, coffee shops, and other neighborhood services.




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