The “new wealthy” — titans of finance, technology, information and entertainment — wanted mansions in the sky. Co-op residents of Park and Fifth avenues turned their noses up at them. So Arthur and Bill Zeckendorf built 15 Central Park West.

“They pulled the market to Central Park West.They made it feel like Fifth Avenue,” Corcoran Group CEO Pamela Liebman tells Michael Gross, author of “House of Outrageous Fortune: Fifteen Central Park West, the World’s Most Powerful Address.”

Hyperbole? Residents have included former Citigroup executive Sandy Weill, Goldman Sachs’ Lloyd Blankfein, and celebrities like Denzel Washington, Sting and Bob Costas.

“It’s a building … good to those who live there and to those who leave, with some making three times what they paid,” Roberta Bernstein says in describing Gross’ “riveting” book. “One apartment, bought for $21.5 million, was sold for an astonishing $80 million.” Source: usatoday.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription