Zeckendorf's 15 Central Park West reaches $1.1b milestone.Arthur and William Lie Zeckendorf, co-chairmen of Zeckendorf Development LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , announced that they have reached a milestone in achieving over $1.1 billion in total sales for their Robert A.M. Stern-designed luxury neo-classical building, Fifteen Central Park West. Already, over two-thirds of the 200 residences have been sold since the sales office opened in September 2005. Apartments range from $2 million for a one-bedroom overlooking Broadway to $45 million for a full floor penthouse with Central Park and Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. views. Fifteen Central Park West is currently under construction and initial occupancy is slated for the second quarter 2007. "With over $1.1 billion in sales in only seven months, Fifteen Central Park West has reached record-breaking levels in condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. sales for a single development in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and throughout the country," said Arthur Zeckendorf. "The average price of an apartment at Fifteen Central Park West is $9.5 million and fourteen of the apartments sold were over $20 million each," said William Zeckendorf William Zeckendorf, Sr. (c. 1905-1976) was one of the United States' prominent real estate developers. Through his development company of Webb and Knapp (for which he began working in 1938 and which he purchased in 1949), he developed much of the New York City urban landscape. . "Furthermore, many of the purchasers are New Yorkers that presently live in beautiful co-op buildings on Central Park West, Fifth Avenue and Park Avenue. In addition, many buyers are coming from affluent suburban locations such as Bedford, Greenwich, New Canaan New Canaan (kā`nən), town (1990 pop. 17,864), Fairfield co., SW Conn.; settled c.1700, inc. 1801. It is mainly a residential town and suburb of nearby New York City. Silvermine Guild Arts Center is located there. , Westport, Scarsdale, Princeton, a sure sign that Fifteen Central Park West represents the height of luxury living and convenience in the entire metropolitan region." "We are looking forward to selling the remaining Central Park-facing residences and our total residential sales should become a national record for a single condominium residential building," added Arthur Zeckendorf. Stern's design for Fifteen Central Park West is comprised of two wings: The House (20 stories) and The Tower (43 stories) which connect at the base. The Zeckendorfs chose renowned designer David Spon of Wine Cellar Concepts to create a $2 million wine cellar. Residents can purchase their own private wine cellar for $80,000-$200,000 to house a bottle collection ranging from 900 to 4,000. Fifteen Central Park West is owned by W2001Z/ 15CPW (1) (Commercial Processing Workload) An IBM metric for system performance. CPW is designed for business applications that have a significant amount of input/output. LLC Realty, a joint venture between Whitehall Street Real Estate Funds; an affiliate of Global Holdings, a US-based private real estate investment company; and entities owned by Arthur W. Zeckendorf and William Lie Zeckendorf. |
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