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One Madison Returns to Market After Years of Trouble

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Timing-challenged One Madison Park has been promising its comeback all year but has been plagued by delay after delay. Until now! The building (now known as just One Madison) is officially back on the market, according to the Times, fulfilling its promise of a post-Labor Day debut. Although, given this building's history, it might not be fair to use the word "debut." The condo was, after all, on the market during the boom years, when it opened to much fanfare, fast sales, and celebrities?and then took an abrupt left turn into the land of buyer backouts, lawsuits, and foreclosure. (A few folks have been living there, free of common charges, this whole time.)

The Related Companies took control of the building in early 2012, and things are (we desperately hope) different now. The developer not only finished construction on the building, finally, but went back to the drawing board when it came to the floorplans of some of the units. What's available now ranges in price from $1.825 million for a studio?there's only one in the building?to $50 million for a 5BR triplex penthouse. There are also two townhouses, 4,000 square feet each and asking $8.85 million and $10.85 million, where the Rem Koolhaas tower was once supposed to stand. The official website has intel on only three units so far, two three-bedrooms and one four-bedroom. UPDATE: A generous tipster passed along floorplans for many more units, which we've collected in the gallery below.
The amenities take up 10,000 square feet in the building and include a private dining room, 50-foot lap pool, playroom, fitness center, yoga room, screening room, and concierge service. Brokers tell the Times they've already had interest from some buyers who considered the building the first time around and have been pining all this time.

The one potential dark spot is developer Ian Bruce Eichner's proposed 718-foot tower at 41 East 22nd Street. At 58 stories, the building could obstruct some views at One Madison. Eichner was once involved in the shenanigans at One Madison Park itself, and even put in a failed takeover bid in 2010, so this could just be the ultimate revenge.
· Official site: One Madison [Related]
· Finally, One Madison is Back [NYT]
· One Madison Park coverage [Curbed]

One Madison Park

One Madison Park, New York, NY 10010