One Madison
23 East 22nd Street | also 20 East 23rd Street, 24 East 23rd Street, 22 East 23rd Street | Flatiron | built 2008
Open on the map10 entries
Written with AI from the source each entry cites, then fact-checked.
- 1851
Soap magnate William Colgate moves into a Gilded Age mansion on this site
William Colgate, an English immigrant who built a soap, starch, and candle empire after arriving in 1804, moved with his wife Maria into a brownstone mansion at 22 East 23rd Street in 1851. The house, filled with Victorian furnishings, gold chandeliers, and marble columns, stood on what is now part of the One Madison tower site facing Madison Square.
Source: Ephemeral New York
- 1945
Workers unseal the abandoned Colgate mansion to reveal decades of untouched rooms
William Colgate Colby, the founder's grandson, sealed the family mansion with shutters and locked doors after his wife's death around 1911 and never returned. When a developer who had bought the property in 1944 removed the boards in 1945, thousands of onlookers saw four floors of furniture, a rosewood piano, gold harps, and clothing under six inches of dust. The mansion was then demolished for a one-story taxpayer building.
Source: Ephemeral New York
- 2006
Developers begin building the slender One Madison condominium tower
Construction began in 2006 on a 60-story tower designed by CetraRuddy, with a footprint of just 50 by 53 feet giving it a 12-to-1 height-to-width ratio. The project, originally announced as The Saya and later called One Madison Park, ran into financial trouble: a receiver took over in 2010 and creditors forced it into bankruptcy that June. Related Companies, CIM Group, and HFZ Capital Group took over and finished the 51-unit tower, resuming sales in 2013.
Source: Wikipedia
- 2010
A receiver steps in at the stalled One Madison Park tower
By April 2010 the tower had been built to its full height but was still unfinished and in financial trouble. Unit sales stopped until a receiver was appointed on April 15, which let them restart. The project stayed tangled in multiple lawsuits and fraud allegations, and some creditors forced it into bankruptcy that June.
“…was forced into bankruptcy by some of its creditors in June 2010…”
Source: Wikipedia
- 2012
Related, CIM Group and HFZ win the unfinished tower through bankruptcy
Related Companies, CIM Group and HFZ Capital took control of the building at 23 East 22nd Street, then still known as One Madison Park, through a bankruptcy process in 2012. Its original owners, Ira Shapiro and Marc Jacobs, had left the project mired in financial and legal troubles. The condominium is now called One Madison.
Source: commercialobserver.com
- 2013
Related launches official sales of One Madison's 53 condominiums
On September 16, 2013, Related Sales announced the official launch of sales at the 60-story tower. It offered 53 residences with interiors by Yabu Pushelberg, and the full-floor homes started at $10.5 million. Occupancy was slated for early 2014, and BKSK Architects had designed the discreet arrival at 23 East 22nd Street.
Source: related.com
- 2013
A cruciform core and rooftop water tanks steady the 621-foot sliver
Because the architects wanted windows on every side, the bracing that would normally ring a tower's perimeter sits in the center in a cross-shaped plan. The internal shear walls are high-performance concrete. On the roof, three U-shaped concrete tanks full of water form a tuned liquid damper that counters the building's lateral motion by about 3 percent.
Source: Wikipedia
- 2013
The Skyscraper Museum shows One Madison in its luxury high-rise exhibition
Since 2013 the tower has been part of the exhibition "Sky High & the Logic of Luxury" at the Skyscraper Museum in Lower Manhattan. The building has a cross-section of about 50 by 53 feet and rises 621 feet, a height-to-width ratio of 12 to 1 that makes it one of the slenderest in the city.
Source: Wikipedia
- 2014
Developers buy the tower's only retail unit at a foreclosure auction
At a foreclosure auction at 60 Centre Street, in the State Supreme Court building, Related, CIM Group and HFZ Capital bid $3 million for the building's lone commercial unit, with no competing bids. The vacant first-floor retail condo covered 6,505 square feet, and the sale was due to close the following month. It gave the three companies the last piece of the building.
Source: commercialobserver.com
- 2014
Rupert Murdoch buys the One Madison penthouse for $57.3 million
Media mogul Rupert Murdoch purchased the triplex penthouse and the floor below it at One Madison for $57.3 million in February 2014, one of the priciest condo sales in the building's early years. Tom Brady and Gisele Bündchen had previously owned another unit in the slender 60-story tower overlooking Madison Square Park.
Source: Wikipedia
Further reading
- One MadisonWikipedia
- A rich family abandons their Gilded Age brownstone on Madison Square, its contents not revealed until the 1940sEphemeral New York
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