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Zeckendorf Says New Project Is 'Like A 15 Central Park West'

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When a Zeckendorf speaks, people listen. One half of the brotherly developer duo, Arthur, gave the Times a 30-minute interview. It included updates on their big, expensive projects: 15 Central Park West ("other people around the world are now copying the '15' business model"); 18 Gramercy (three units left, not including, of course, the record-setting $42M PH bought by the Houston Rockets' owner); and Norman Foster-designed 50 UN Plaza ("it should be ready by the end of next year," with units going for $3,400/square foot and parking spaces for an additional $150,000 apiece).

The most new news surfaced about the new condo project with 15 CPW architect Robert A.M. Stern at 44 East 60th Street, which is now slated to house fewer apartments than previously reported and is going to be, unsurprisingly, very, very fancy. (The former building on the site is pictured above right, and we've only gotten a glimpse at a few preliminary drawings of what will rise.)

The amount the Zecks paid for air rights to build this 51-story tower was a reported record-breaking $600/square foot, but Arthur clarified that the amount is actually a much more sane (?!) $430.

It's like a 15 Central Park West, with the same architecture, same limestone, same windows. It's about 33 units, one per floor and duplex penthouses. It's a long process: one year for foundations, and then 24 months going up. Oh, and the pricing? Some had guesstimated more than $8,000/square foot. Well: "'15' is getting $12,000 a foot. It's a similar product." Sheesh! Permits have been approved, so here we go.

Zeckendorf also said there aren't any other projects in the pipeline right now, simply because there aren't any other lots that suit: "We have looked at every single site in Manhattan, but we haven't found one that meets our criteria to be on a park." Of course.
· The 30-Minute Interview: Arthur W. Zeckendorf [NYT]
· 15CPW Team Developing Condos on East 60th Street [Curbed]
· 15 CPW Developers Pay Record Price for UES Air Rights [Curbed]
· All 50 UN Plaza / 15 Central Park West coverage [Curbed]
—Photo of 42 East 60th Street in 2011 via PropertyShark

520 Park Ave

520 Park Avenue, Manhattan, NY 10065

50 United Nations Plaza

50 United Nations Plaza, Manhattan, NY 10017