PERFECT HOMES MAGAZINE ( Editor Stan Israel) ( Editor Stan Israel) | Page 114

Sir Norman Foster
At 15 Central Park, meanwhile, condos
regularly sell for more than $6,000 per
square foot. The building, which sits a
10-minute walk from the nearest subway
stop, will be car-friendly: There will also be
a parking space for each home, reports
say, and a wide driveway sheltered by
a canopy.
The development of 50 UN Plaza is
expected to cost $500 million to build,
with completion by the end of 2014. If it
is even close to the success of 15 Central
Park West, which sold $2 million worth
of units when it first came on the market
(and is worth probably twice that now
given a gangbuster market for resales in
the famed building), then the Zeckendorfs
and their partners should have no
problem making an easy return on their
investment here.

For the Zeckendorfs, 50 UN marks
an unusual full circle. Their paternal
grandfather, William, once owned the land
under the UN; also, Trygve Lie, the UN’s
first secretary general, from 1946 to 1952,
was their maternal grandfather. (William’s
middle name is Lie.)
“They’d be very proud, very excited,”
Arthur Zeckendorf told Bloomberg News
last summer, “that we’re creating a great
building to go with what they created.”
866 United Nations Plaza, 212-906-0550

The Zeckendorf Brothers
114

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