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Billion Dollar Buildings

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With One57 nearing completion, Gary Barnett is turning his attention to his next ultra-luxe condo tower at 217 West 57th Street. The 1,550-foot-tall tower, to be designed by the same architect who created the Burj Khalifa, would take the title of the tallest residential building the country, but to fund such a behemoth requires a mammoth construction loan?something U.S. banks are still wary about. So, naturally, Barnett has turned to the Chinese and is in talks for a loan of?wait for it?$1 billion. Will this tower make One57 look like chump change? [WSJ; previously]

217 W 57th St

217 West 57th Street, Manhattan, NY 10019