One Madison Explained

One Madison
Former Names:The Saya, One Madison Park
Image Alt:A tall, thin building with some slight squarish projections at its higher levels seen from between some trees.
Building Type:Condominium
Structural System:Shear walled frame
Landlord:Consortium of creditors
Address:23 East 22nd Street
Location Town:Manhattan, New York City
Location Country:United States
Mapframe-Wikidata:yes
Coordinates:40.7406°N -73.988°W
Start Date:2006
Topped Out Date:2010[1]
Completion Date:2010
Inauguration Date:2013
Height:621feet
Floor Count:50 (91 units)
Floor Area:16763sqm
Architecture Firm:CetraRuddy
Other Designers:Rem Koolhaas
Yabu Pushelberg (interiors)
Website:One Madison
References:[2]

One Madison is a luxury residential condominium tower located on 23rd Street between Broadway and Park Avenue South, at the southern end of Madison Avenue, across from Madison Square Park in the Flatiron District of Manhattan, New York City. The building's official address and main lobby entrance is at 23 East 22nd Street, rather than at 1 Madison Avenue; there is no public entrance on 23rd Street.

The building as constructed has 53 residential units across 60 stories. Construction started in 2006, and it topped out during 2010, but remained incomplete for another three years due to financial difficulties. At a height of 621 feet (189.3 m), One Madison is one of the slenderest buildings in the world, with a height-to-width ratio of 12:1.

History

Although much of the area nearby is included in various historic districtssuch as the Ladies' Mile Historic District, Gramercy Park Historic District, and Madison Square North Historic Districtthe location of One Madison is not, enabling the building to be constructed "as of right" with the transfer of air rights from the shorter buildings that surround the site.

Construction

When the building was originally announced, it was to be 47 stories and called The Saya; the name was changed to One Madison Park around the time that construction began in 2006 and then to One Madison after it was taken over by the Related Companies. The building as constructed has 60 stories.[3]

By April 2010, the building had topped out, but was still not complete, having run into financial difficulties. Sales of residential units had stopped, but the appointment of a receiver on April 15 allowed sales to start again.[4] The building continued to be mired in financial and legal problems,[5] including multiple lawsuits and allegations of fraud,[6] and was forced into bankruptcy by some of its creditors in June 2010.[7]

At one point, a 22-story building designed by noted architect Rem Koolhaas was to be the building's "companion" on 22nd Street,[8] but later plans called for an 11-story building designed by CetraRuddy, the firm that designed One Madison; although at the time construction began in January 2013, permits had reportedly been issued for a 6-story building,[9] which will include the entrance lobby and two duplex apartments. The companion building, designed by BKSK Architects to feature a terracotta and glass facade, will be the primary entrance to the building.[10]

Post-completion

By 2013, ownership of the building had passed to a consortium of creditors, including Related Companies, the CIM Group, and HFZ Capital Group, who completed construction and resumed sales that year.[11] [12], seventy-five percent of the building's units had been sold.[13]

Architecture

The building was designed by the architectural firm CetraRuddy.[14] It features 360-degree views and contains 53 residential units, topped by a 6,850-square-foot triplex penthouse with a 586-square-foot wraparound terrace.[15]

Structural features

The building's first five stories contain service and commercial spaces on the ground floor, above which are mechanical spaces and the building's amenities. These five floors act as a base for the building's tower, which is partly cantilevered over an existing three-story building to the east.[16]

The cross-section of One Madison's tower is 50 ft x 53 ft (15.25 m x 16.15 m), which makes it, at the height of 621 feet (189.3 m), one of the slenderest buildings in New York City; its height-to-width ratio is 12:1. To accommodate the architectural design of the building, which called for windows on all sides, lateral bracing that would normally be placed around the tower's perimeter is located in the center in a cruciform shape, creating internal shear walls in an optimal configuration. To cope with lateral winds and potential seismic forces, the shear walls were made with high-performance concrete. One Madison also utilizes a tuned liquid damping system on the roof consisting of three U-shaped reinforced concrete tanks full of water. These counter the building's lateral motion by about 3%.

Apartments and amenities

When Related Companies took control of One Madison, about half of the units were finished, with interiors designed by CetraRuddy, the architecture firm that designed the building's exterior. For the remaining apartments, which were in various states of completion, the new owners hired the interior design firm Yabu Pushelberg, which also created the interiors of the new main lobby and the amenity spaces, and hired the lighting design firm Cooley Monato Studio who developed architectural lighting of the apartments, the main lobby, the amenity spaces, and exterior facade.[17]

Rem Koolhaas designed the interiors of many of the condominium's originally planned amenities, which included a private screening room, an upscale restaurant run by chef Charlie Trotter, a spa and fitness room, and a wine cellar. After the building came under Related's control, the amenities were announced as including a lounge and screening room, private dining room, a fitness center and a room for yoga, a 50feet lap pool and steam room, and a playroom for children. A full-time doorman is enhanced with concierge service.[18]

Residents

NFL quarterback Tom Brady and his supermodel wife Gisele Bündchen own one $14-million suite and rent out a similar apartment in One Madison.[19] [20] Peter Buffett, son of Warren Buffett, used to live in One Madison.[21] Fredrik Eklund, a noted New York City realtor, author of The Sell,[22] and a principal in the reality TV series Million Dollar Listing New York, used to rent at One Madison,[23] but had moved out by 2016.[24]

News Corp chairman Rupert Murdoch bought the building's triplex penthouse and another full-floor apartment below it for a total of $57.3 million in February 2014.[25] The original asking price for the penthouse was $45 million,[26] and was originally announced as including a butler with his own one-bedroom apartment on a lower floor.[27] Prior to Related's takeover of the building, the penthouse was under contract for $32 million, but that deal never closed.

Critical reception

Nicolai Ouroussoff, the architecture critic for The New York Times, called One Madison Park "a dazzling addition to a street that includes two of the city’s most celebrated skyscrapers: Pierre LeBrun’s 1909 Metropolitan Life Tower, across the street, and Daniel Burnham's 1903 Flatiron Building, a half block west. It jolts the neighborhood into the present." In the New York Observer, Dana Rubinstein wrote that the tower was "not ugly", but that "in its overpowering, hubristic way, kind of pretty." Architect Dan Kaplan is quoted on a Wall Street Journal weblog as saying that the building is an "elegant, thin stalk", and represents a continuation of a long-held vision of Manhattan. Kaplan does say, however, that the sliver building "turn[s] its back, a little bit, on the park".[28] Architect Gordon Gill, of the firm Adrian Smith + Gordon Gill Architecture, say of the building that it was "Simply a unique and elegant solution derived without relying on excessive form making to create an 'identity' for itself."

In 2014, the building received the Architizer A+ Jury Award for Residential High Rise.[29] Since 2013, it has been part of the "Sky High & the Logic of Luxury" exhibition at the Skyscraper Museum in Lower Manhattan.[30]

External links

Notes and References

  1. Web site: One Madison Park . skyscraperpage.com . December 9, 2010 . October 8, 2012 . https://web.archive.org/web/20121008093918/http://skyscraperpage.com/cities/?buildingID=55262 . live .
  2. Web site: One Madison Park. Skyscraper Center. CTBUH. June 8, 2017. May 12, 2019. https://web.archive.org/web/20190512135010/http://www.skyscrapercenter.com/building/one-madison-park/2026. live.
  3. News: Satow. Julie. Finally, One Madison Is Back. September 12, 2013. The New York Times. April 6, 2020. en-US. 0362-4331. June 22, 2022. https://web.archive.org/web/20220622011128/https://www.nytimes.com/2013/09/15/realestate/finally-one-madison-is-back.html. live.
  4. News: One Madison Park to Receivership; Flood of Sales to Come? . Dana . Rubinstein . https://web.archive.org/web/20100418040010/http://www.observer.com/2010/real-estate/hurray-sales-can-resume-one-madison-park-judge-appoints-receiver . dead . April 18, 2010 . . April 16, 2010 . May 15, 2010.
  5. News: What Went Wrong at One Madison Park. The New York Times. October 13, 2011. February 5, 2016. 0362-4331. Katrina. Brooker. December 31, 2015. https://web.archive.org/web/20151231133329/http://www.nytimes.com/2011/10/16/magazine/what-went-wrong-at-one-madison-park.html?. live.
  6. Rubinstein, Dana (March 9, 2010) "In the Shadow of the Boom", New York Observer.
  7. Jones, David (April 4, 2012) "Related settles majority of One Madison claims, sets condo relaunch for late 2012" The Real Deal.
  8. News: One Madison Park Lobby To Get Two Duplexes On Top. Smith. Stephen Jacob. The New York Observer. March 12, 2013. March 18, 2013. March 14, 2013. https://web.archive.org/web/20130314091313/http://observer.com/2013/03/one-madison-park-lobby-to-get-two-duplexes-on-top/. live.
  9. Dailey, Jesica (January 28, 2013) "New Art for 1214 Fifth Avenue; 23 East 22nd Street Update" Curbed New York.
  10. http://www.related.com/luxury-condominiums/coming-soon/one-madison "Coming Soon"
  11. News: Marino. Vivian. Ziel Feldman. January 8, 2013. The New York Times. April 6, 2020. en-US. 0362-4331. June 28, 2022. https://web.archive.org/web/20220628011922/https://www.nytimes.com/2013/01/09/realestate/commercial/the-30-minute-interview-ziel-feldman.html. live.
  12. News: Manhattan Tower's Fate Resolved. April 11, 2012. The Wall Street Journal. April 6, 2020. en-US. 0099-9660. February 27, 2019. https://web.archive.org/web/20190227120819/https://www.wsj.com/articles/SB10001424052702304587704577336183188092826. live.
  13. News: Carmiel, Oshrat and Lee. Murdoch Buys 4 Floors of NYC Condo Tower for $57 Million. February 21, 2014. Bloomberg News. February 21, 2014. January 8, 2015. https://web.archive.org/web/20150108051317/http://www.bloomberg.com/news/2014-02-20/murdoch-buys-4-floors-of-nyc-condo-tower-for-57-million.html. live.
  14. News: Ouroussoff. Nicolai. Near-Empty Tower Still Holds Hope. June 28, 2010. The New York Times. April 6, 2020. en-US. 0362-4331. April 6, 2020. https://web.archive.org/web/20200406164533/https://www.nytimes.com/2010/06/29/arts/design/29madison.html. live.
  15. Keil, Jennifer Gould (October 2, 2013) "Designer Vera Wang tours $50M triplex penthouse" New York Post.
  16. Web site: August 2011. One Madison Park, New York City. dead. https://web.archive.org/web/20180128190113/http://www.ctbuh.org/TallBuildings/FeaturedTallBuildings/OneMadisonPark/tabid/2549/language/en-US/Default.aspx. January 28, 2018. April 6, 2020. Council on Tall Buildings and Urban Habitat.
  17. Web site: One Madison Park - NYC. Cooley Monato Studio. February 6, 2016. mdy-all. https://web.archive.org/web/20160221220200/http://cooleymonato.com/portfolio/one-madison-park/. February 21, 2016. dead.
  18. Web site: One Madison - Benefits. Related Group. February 6, 2016. March 8, 2016. https://web.archive.org/web/20160308200727/http://www.related.com/luxury-condominiums/nyc/one-madison/benefits. live.
  19. News: Tom Brady, Gisele Bundchen Buy at One Madison for $14M. Alberts. Hana R.. Curbed New York. October 25, 2013. October 26, 2013. February 28, 2024. https://web.archive.org/web/20240228025558/https://ny.curbed.com/2013/10/25/10183126/tom-brady-gisele-bundchen-buy-at-one-madison-for-14m. live.
  20. News: Rosenberg . Zoe . Rent Tom Brady and Gisele Bundchen's Pied-A-Terre for $40K . . November 12, 2014 . March 12, 2015 . February 28, 2024 . https://web.archive.org/web/20240228025626/https://ny.curbed.com/2014/11/12/10024288/rent-tom-brady-and-gisele-bundchens-pied-a-terre-for-40k . live .
  21. News: Polsky . Sarah . Peter Buffett's Old Apartment is for Sale Again at One Madison . . November 1, 2013 . March 12, 2015 . February 28, 2024 . https://web.archive.org/web/20240228025602/https://ny.curbed.com/2013/11/1/10180122/peter-buffetts-old-apartment-is-for-sale-again-at-one-madison . live .
  22. Staff (ndg) "The Sell" Goodreads.
  23. Web site: Million Dollar Listing's Fredrik Eklund on why he loves his building—but is scared to ever open his windows. BrickUnderground. February 6, 2016. June 12, 2015. Smith. Virginia K.. February 16, 2016. https://web.archive.org/web/20160216151914/http://www.brickunderground.com/blog/2015/12/fredrik_eklund_qa. live.
  24. News: Satow. Julie. How Fredrik Eklund, Broker and Reality TV Star, Spends His Sundays. July 15, 2016. The New York Times. April 6, 2020. en-US. 0362-4331. When he is not in front of the camera, writing or selling, Mr. Eklund likes to relax with his husband, Derek Kaplan, 41, an abstract painter, and their miniature dachshunds, Mini Mouse and Fritzy, who all live in a three-bedroom loft in TriBeCa.. June 16, 2022. https://web.archive.org/web/20220616151312/https://www.nytimes.com/2016/07/17/nyregion/how-fredrik-eklund-broker-and-reality-tv-star-spends-his-sundays.html. live.
  25. News: Finn. Robin. Big Ticket | Rupert Murdoch's Trophy Pad, Expanded. July 11, 2014. The New York Times. March 12, 2015. April 2, 2015. https://web.archive.org/web/20150402203756/http://cityroom.blogs.nytimes.com/2014/07/11/big-ticket-rupert-murdochs-trophy-pad-expanded/?_php=true&_type=blogs&ref=realestate&_r=1. live.
  26. Arak, Joey (February 23, 2009) "Curbed Inside: One Madison Park's Sky-high $45M Penthouse" Curbed New York.
  27. News: Barbanel. Josh. The Butler Could Do It. November 25, 2007. The New York Times. April 6, 2020. en-US. 0362-4331. February 27, 2019. https://web.archive.org/web/20190227181951/https://www.nytimes.com/2007/11/25/realestate/25deal1.html. live.
  28. News: Troianovski. Anton. Anton Troianovski. June 21, 2010. Skyscraper Face-Off in Madison Square. en. The Wall Street Journal. subscription. April 6, 2020. 0099-9660. April 6, 2020. https://web.archive.org/web/20200406163939/https://www.wsj.com/articles/SB10001424052748704050804575318923692634534. live.
  29. Web site: Architizer A+Awards. Architizer A+Awards. en-US. April 6, 2020. April 4, 2020. https://web.archive.org/web/20200404171533/https://awards.architizer.com/. live.
  30. Web site: The Skyscraper Museum: SKY HIGH & the logic of luxury WALKTHROUGH. Willis. Carol. July 21, 2014. Skyscraper Museum. dead. https://web.archive.org/web/20140721020031/http://skyscraper.org/EXHIBITIONS/SKY_HIGH/onemad.php. July 21, 2014. April 6, 2020.