One57
157 West 57th Street | also 153 West 57th Street, 166 West 58th Street | Midtown | built 2009
Open on the map14 entries
Written with AI from the source each entry cites, then fact-checked.
- 1998
Extell's Gary Barnett begins assembling the One57 site, a process that takes fifteen years
The first parcel came in 1998, when Ziel Feldman bought a small building at 157 West 57th Street from a music label and sold it to Barnett. Over fifteen years Extell signed at least 22 agreements with 18 owners, spending about $200 million and demolishing seven buildings. Barnett also bought air rights from neighbors including Alwyn Court and Calvary Baptist Church.
Source: Wikipedia
- 2009
Plans are filed for a Christian de Portzamparc tower of blue-toned panels with a hotel below
Plans filed in March 2009 described a 73-story tower with a hotel in the lowest twenty floors and condominiums above, and Christian de Portzamparc's role was confirmed that September. Two more floors were added in 2010. The finished facade uses panels in several shades of blue, with setbacks on the 57th Street side meant to resemble waterfalls, and critics objected especially to its facade and shape.
Source: Wikipedia
- 2011
Sales launch at One57 with penthouse prices above $100 million
After a Russian buyer paid $88 million for an apartment at 15 Central Park West in late 2011, Extell raised One57's prices, with the top penthouse listed at $110 million. Sales opened in December from a center in the Fuller Building, and the smallest units and two-bedrooms sold quickly. By May 2012 the building was half sold, with $1 billion in transactions.
Source: Wikipedia
- 2012
Gary Barnett refunds a buyer who had a worker secretly film his unit's view
Extell's Gary Barnett kept buyers out of their apartments until completion. Investor Michael Hirtenstein, who was upset that the Essex House blocked his park view, said he had been refused a visit before committing $16 million. In October 2012 Barnett returned his contract and deposit after reports that Hirtenstein paid a construction worker $200 to film the unit, though Barnett said the cancellation was on principle.
Source: therealdeal.com
- 2012
A construction crane partially collapses at One57 after Hurricane Sandy, forcing evacuations
In the aftermath of Hurricane Sandy, on October 29, 2012, the building's crane boom partially collapsed. Thousands of residents had to evacuate, some with minutes' notice, and the damaged boom took a week to remove. Neighbors at Alwyn Court and the Briarcliff received up to $1,500 each, and a replacement crane went up in 2013.
Source: Wikipedia
- 2013
New York magazine's Justin Davidson calls One57 "clunky" and "graceless"
Before the tower was finished, architecture critic Justin Davidson of New York magazine panned it, calling the Christian de Portzamparc design tall and clunky, preening yet graceless. He also mocked the apartments as oligarch habitats where owners would roam across parquet floors.
Source: therealdeal.com
- 2014
Curbed names One57 its worst building of the year
In 2014, the year the tower was substantially finished, the website Curbed named One57 its Worst Building of the Year, saying most architecture critics agreed its wavy blue facade was ugly. Other critics were harsh too, with Michael Kimmelman of the New York Times describing a pox of tinted panes and Paul Goldberger calling the glass garish.
“One57 was named "Worst Building of the Year" in 2014 by Curbed, which said, "Pretty much everyone (or at least most archicritics) agrees that its wavy blue facade is ugly.”
Source: Wikipedia
- 2014
A One57 penthouse sells for $100.5 million, a record, to Michael Dell
The tower's top penthouse sold in 2014 for $100.5 million, the most expensive residence in the city at the time. The buyer's identity was kept quiet at first, but media later reported it to be Michael Dell. In 2012 hedge fund manager Bill Ackman had paid $91.5 million for the winter garden penthouse, a sale that was not publicized for several years.
Source: Wikipedia
- 2014
The Park Hyatt New York opens in the base of One57 as the chain's flagship
The 210-room hotel takes up the bottom eighteen stories, which publications count as 25 floors. Yabu Pushelberg designed the interiors, which include 350 contemporary artworks, and rooms were listed from at least $855 a night at the 2014 opening. The pandemic shut the hotel on March 21, 2020, and it stayed closed until April 1, 2021.
Source: Wikipedia
- 2015
A sheet of Plexiglas falls from the 22nd floor onto two cars, halting construction
On a Sunday in March 2015 a kitchen-table-sized sheet of Plexiglas dropped from the 22nd floor of One57 onto two parked cars. No one was hurt. Extell said it was a temporary panel installed while specialty facade glass was awaited, and that no curtain-wall glass had fallen, but a stop-work order was issued. Glass had also landed on a neighbor's terrace in February 2015, and a windowpane fell in May 2014.
Source: 6sqft
- 2015
Bill Ackman's group closes on a $91.5 million duplex with a two-story winter garden
In April 2015 property records showed that a group led by hedge fund manager Bill Ackman had closed on unit 75 at One57 for $91.5 million, the city's second-most expensive closed apartment sale at the time. The 13,554-square-foot duplex on the 75th and 76th floors has six bedrooms and a glass-enclosed winter garden 51 feet wide. Ackman said he and friends bought it for fun, and he had entered contract in 2012.
Source: therealdeal.com
- 2016
Extell drops luxury rentals at One57 and puts 38 units up for sale
Extell had planned to rent the tower's lower residential floors, advertising units on the 37th floor at rents from $13,350 to $50,336 a month, and had also tried to sell the block of 38 apartments as a package for $250 million. In April 2016 it gave up on the rental plan and listed the units on floors 32 through 38 as condominiums, starting at $3.45 million, because demand for luxury rentals was slipping.
Source: therealdeal.com
- 2017
A foreclosed One57 penthouse sells at auction for $36 million, the city's largest foreclosure sale
Nigerian businessman Kola Aluko, who was under investigation for money laundering that included his purchase of a One57 penthouse, saw his $51 million apartment foreclosed on. It sold in September 2017 for $36 million, the largest foreclosure auction in city history. With other foreclosures and a softening luxury market, the sales raised questions about the viability of Billionaires' Row towers.
Source: Wikipedia
- 2025
The Real Deal finds that most original One57 owners who resold lost money
A 2025 analysis by The Real Deal found One57 had the steepest resale drop of five Billionaires' Row towers, an average price change of minus 24.2 percent. The first two original owners to sell, in 2014 and 2015, made gains of 11 and 21 percent. Of the next 35 sales by original owners, 32 came in below the purchase price, including financier Thomas Peterffy's 84th-floor unit, sold in 2024 for $13.5 million.
Source: therealdeal.com
Further reading
- One57Wikipedia
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