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Barnett plans massive new skyscraper for hotel and apartments

New York Times - June 13, 2010 Share/Save/Bookmark

As reported in the New York TImes, real estate developer Gary Barnett is seeking to build the tallest residential skyscraper in New York City. The developer hopes to include a new Hyatt hotel as part of the building:

Gary Barnett, one of New York City's most prolific developers, is about to start construction of a $1.3 billion skyscraper on 57th Street that will overtake Trump World Tower as the tallest residential building in the city.

The tower, designed by the French architect Christian de Portzamparc, will rise 1,005 feet above 57th Street east of Seventh Avenue, feature striking views of Central Park and house what Mr. Barnett hopes will be 136 of the most expensive and luxurious apartments in the city. A 210-room Park Hyatt hotel is to occupy the first 20 floors, hotel analysts say.

To read the entire article, click here.

Bagli, Charles V. Building a Tower of Luxury Apartments in Midtown as Brokers Cross Their Fingers. New York Times. May 25, 2010.

Related Issues: new development