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One Madison residential condominium tower, 23rd Street, Manhattan, Flatiron District, New York City, New York, United States

One Madison Residential Condominium Tower, 23rd Street, Manhattan, Flatiron District, New York City, New York, United States

As of 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. The building continued to be mired in financial and legal problems, including multiple lawsuits and allegations of fraud, and was forced into bankruptcy by some of its creditors in June 2010.
At one point, a 22-story building designed by noted architect Rem Koolhaas was to be the building's "companion" on 22nd Street, but later plans called for an 11-story building designed by Cetra/Ruddy, 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, which will include the entrance lobby and two duplex apartments. The companion building, designed by BKSK Architects to feature a terra-cotta and glass façade, will be the primary entrance to the building.
The building is currently owned by a consortium of creditors, including Related Companies, the CIM Group and HFZ Capital Group, who are completing construction and resumed sales in 2013.
As of February 21, 2014, seventy-five percent of the building's units had been sold. NFL quarterback Tom Brady and his supermodel wife Gisele Bündchen purchased a $14 million, three-bedroom condominium at One Madison in October 2013, while 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.

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Filename:619775.jpg
Album name:Architecture & Design
Rating (1 votes):55555
Keywords:#one #madison #residential #condominium #tower #rd #street #manhattan #flatiron #district #new #york #city #united #states
Filesize:50 KiB
Date added:Apr 17, 2014
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