New York Residential Building Tops in Height, Price
April 23, 2012
It’s the tallest residential tower in the Western Hemisphere, soaring 264 meters above New York’s East River. Designed by world famous architect Frank Gehry, the new high-rise adds a modern twist to lower Manhattan.
America’s most famous skyline has a new architectural icon - New York by Gehry. This gleaming 76-floor residential skyscraper is dramatic. So is the cost to live there.
A penthouse costs $65,000 a month to rent. Most units range from $3,000 to $12,000 a month…and there’s no shortage of renters, says marketer Clifford Finn.
“There never have been a lot of rental buildings that spoke to the high end. And, most of that product was always condominium. So there was a pent-up demand from people that were always looking to rent, not purchase, for various reasons," Finn said.
The building is named for its famed architect, Frank Gehry - and inspired by 17th century Italian artist Gian Lorenzo Bernini’s Ecstasy of Saint Theresa. The artwork’s great folds are reflected in the building’s undulating façade.
In his new tower, Gehry resurrected the “bay window” seen in many old New York buildings.
“But, if there is a bay window, you walk two more feet forward and you are in outer space - so that the window surrounds you, and that experience on the 40th, 50th,60th floor is unique. There is nothing like it in New York City,” he said.
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