Penthouses on Manhattan’s so-called Billionaire’s Row (a.k.a 57th Street) appear to be getting taller and taller, and new renderings out today prove that the world’s wealthy will soon be able to sleep even closer to the stars.
A rendering of Central Park Tower, which is being developed by Extell and is due to be completed in 2019, showed that at 1,550 feet, it will be the tallest residential building in the western hemisphere. The title currently belongs to the nearby 432 Park Ave.
Earlier renderings included a spire, which has now disappeared. That would have pushed it up to 1,775 feet, just below One World Trade Center.
MORE:Russian Billionaire Gets Green Light for Upper East Side Mega-Mansion
The tower, at 217 West 57th Street, will cost $2.98 billion, according to new documents obtained by real estate website YIMBY, which included the renderings. It will be home to 179 luxury condos.
In comparison, 432 Park Ave., whose most expensive penthouse to change hands to date cost $95 million, is 1,396 feet tall, but that will also soon be eclipsed by 111 West 57th Street, which is being developed by JDS Development Group and Property Markets Group, and will stand at 1,400 feet.
MORE:Manhattan’s Financial District Set to Lead the Way in Condo Development
Yet, all of these sky-high buildings will be dwarfed by a 2,332-feet-tower in Dubai. Plans for the skyscraper were recently unveiled by developers. Not only will that be the tallest residential building in the world, but it will also be home to the largest indoor ski resort.