One57 Skyscraper

One57 is a Residential and Hotel supertall skyscraper at 157 West57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan, New York City. The tower is designed by Christian de Portzamparc and interiors by New York-based designer Thomas Juul-Hansen. Its construction started in April 2009 and was fully completed in 2014. The construction cost of the One57 is USD $1.5 Billion and was opened in 2014. The tower is developed by Extell Development Company.

More Facts About One57

• One57 was the first ultra-luxury condominium tower along the stretch of 57th Street, has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms.
• Extell company took a USD $700 million construction loan for the project in October 2011 from a Bank of America, Banco Santander, Abu Dhabi International Bank, and Capital One.
• One 57 was 50% sold with $1 billion in transactions by May 2012.
• There is a 13,550-sq ft Winter Garden duplex penthouse located on the 75th and 76th floors of One 57 tower.
• One57 has a total of 132 units ranging from 1,000 to 6,200 sq ft with price range from $3,850,000 to $50,000,000. 
• The tranquil indoor swimming pool is set within a triple-height space enhanced by an underwater soundtrack.

Crane Collapse & Fire

• In 2012 during Hurricane Sandy, the construction crane on the building partially collapsed, causing thousands of residents and hotel guests in the neighborhood to be evacuated for six days.
• The New York City Department of Buildings also stated they had received multiple complaints about the worksite.
• In response to the crane collapse, a class-action lawsuit was filed by dentists in the surrounding area, complaining that the incident caused them to evacuate their offices, with subsequent loss of income.
• In favor of the lawsuit, the residents of the building receive up to $1,500 each. After that Extell and Alwyn signed an undisclosed agreement and crane was replaced on November 11, 2013.
• Fire Broke out on March 15, 2014, in the loading dock of One57, spreading into the courtyard behind the building and then onto the adjacent property at 152 West 58th Street, which was consequently evacuated.
• The cause of the fire remains a mystery.

Expensive Buyer

• In May 2012, the buyer sets a record price in New York of more than $90 million for the 10,923 sq ft duplex penthouse on the 89th and 90th floors of One 57.
• The Prime Minister of Qatar, Sheikh Hamad bin Jassim bin Jaber Al Thani, broke that record by purchasing a penthouse unit for $100 million in July 2012.
• In February 2014, Michael Dell had paid $100.50 million for the penthouse and setting the record for the most expensive home ever sold in the city.
• Hedge fund manager Bill Ackman set the record for the second-most expensive sale in New York City with a 75th-floor duplex purchased by for $91.5 million.
• According to news reports, other units have been purchased by billionaires Lawrence Stroll, Silas Chou, and Liu Yiqian.

Penthouse