There’s a new building dominating the midtown skyline: One57, a combination hotel/condo. This building tops 1,000 feet in height. The Essex House hotel next to it, of which only the sign atop the building is visible, has 43 floors, so that should give you an idea of how tall this project is.
How do I feel about the new building? As someone who doesn’t have any ownership interest in Manhattan real estate, I’m always happy to see more residential units go up because it means lower prices (the basic rules of supply and demand). However, One57 is only going to have 135 residential units, and prices start at $7.4 million, so this will have close to zero impact on my end of the market. I’d really like to see a big development that creates thousands of new apartments.
The people in the building across the street, whose views are being obstructed, are probably pretty pissed about this, but I can’t really feel sorry for people who are so rich that they can afford to live on the top floors of that other building.
At the bottom of the photo is the roof of what used to be Tavern on the Green.
The Sheep Meadow is a popular place for SWPLs to sunbathe (although there’s a person in a gray t-shirt near the bottom left of the photo who looks too large to be a SWPL).
This is an activity I don’t get at all. Sitting in the hot sun feels more like torture than anything I’d want to do for “fun.” Some of the people look like they are reading books, or at least pretending to, but a good number of sunbathers are just sitting there and vegetating.
If you sit in front of your computer, in a comfortable air-conditioned room, and play a game of Civilization IV, society thinks you’re a loser, but if you sit outside in the sun while doing nothing except increasing your chance of dying from cancer, then you’re one of the cool people (figuratively speaking). (This topic was mentioned by Christian Lander, the dean of SWPL.)