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	<title>Observer &#187; It&#039;s Eloise By a Nose! Plaza Takes Price Lead Over 15 C.P.W.</title>
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		<title>Observer &#187; It&#039;s Eloise By a Nose! Plaza Takes Price Lead Over 15 C.P.W.</title>
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		<title>It&#039;s Eloise By a Nose! Plaza Takes Price Lead Over 15 C.P.W.</title>

		<comments>http://observer.com/2007/12/its-eloise-by-a-nose-plaza-takes-price-lead-over-15-cpw/#comments</comments>
		<pubDate>Wed, 05 Dec 2007 21:58:16 -0400</pubDate>
					<link>http://observer.com/2007/12/its-eloise-by-a-nose-plaza-takes-price-lead-over-15-cpw/</link>
			<dc:creator>Tom Acitelli</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/120607_acitelli_web.jpg?w=300&h=158" />Together, the newly converted Plaza Hotel and the newly constructed Fifteen Central Park West represent the pinnacle of Manhattan’s luxury development boom this decade—amenity-laden condos with sweeping views of Central Park and hoity buyer rosters to rival any building’s in the city. But only one can be No. 1 in price and it looks like, so far, the Plaza has a slight edge.
<p class="MsoNormal">The Plaza’s most expensive condos have sold for $6,400 a square foot, said Elizabeth Stribling, whose <a href="http://stribling.com/propdev.asp">Stribling Marketing Associates</a> is the exclusive sales agent for the building owned by Elad Properties. That's roughly $100 greater than the highest per-foot price attained at Fifteen Central Park West, developed by William and Arthur Lie Zeckendorf. That price is $6,288, according to Terra Holdings, the holding company where the Zeckendorf brothers are co-chairmen.   </p>
<p class="MsoNormal">Sales have closed on 50 percent of the Plaza’s condos, Ms. Stribling told <em>The Observer</em> in an interview to be published next Wednesday, and two have sold for at least $50 million.</p>
<p class="MsoNormal">Ms. Stribling, sitting last Thursday in the private lobby for Plaza condo owners, would not say who the $50 million buyers were (<em>The New York Times</em> has speculated that one is developer Harry Macklowe) but she did rattle off other impressive sales numbers.</p>
<p class="MsoNormal">“We’ve had three individual buyers buy apartments for between $40 million and $50 million,” Ms. Stribling said, “one between $30 million and $40 million; and four between $20 million and $30 million.&quot;</p>
<p class="MsoNormal"><a href="/2007/15-cpw?page=0%2C0">Fifteen Central Park West</a> has claimed its own hefty prices. The family of ex-Citigroup CEO Sandy Weill <a href="/2007/heres-you-mrs-weill-sandys-gal-gets-42-4-m-pad-15cpw">bought Penthouse 20 there</a> for $42.405 million, the third-highest official apartment sale ever in New York City. (The top is one of those Plaza sales, <a href="/2007/its-official-plaza-spread-goes-record-51-5-m">a $51.5 million purchase</a> by a still-unknown buyer; and the second is Rupert Murdoch’s $44 million buy in 834 Fifth Avenue.) Plus, hedge fund manager Daniel Loeb has reportedly purchased another Fifteen Central Park West penthouse for $45 million, though that deal has yet to close.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/120607_acitelli_web.jpg?w=300&h=158" />Together, the newly converted Plaza Hotel and the newly constructed Fifteen Central Park West represent the pinnacle of Manhattan’s luxury development boom this decade—amenity-laden condos with sweeping views of Central Park and hoity buyer rosters to rival any building’s in the city. But only one can be No. 1 in price and it looks like, so far, the Plaza has a slight edge.
<p class="MsoNormal">The Plaza’s most expensive condos have sold for $6,400 a square foot, said Elizabeth Stribling, whose <a href="http://stribling.com/propdev.asp">Stribling Marketing Associates</a> is the exclusive sales agent for the building owned by Elad Properties. That's roughly $100 greater than the highest per-foot price attained at Fifteen Central Park West, developed by William and Arthur Lie Zeckendorf. That price is $6,288, according to Terra Holdings, the holding company where the Zeckendorf brothers are co-chairmen.   </p>
<p class="MsoNormal">Sales have closed on 50 percent of the Plaza’s condos, Ms. Stribling told <em>The Observer</em> in an interview to be published next Wednesday, and two have sold for at least $50 million.</p>
<p class="MsoNormal">Ms. Stribling, sitting last Thursday in the private lobby for Plaza condo owners, would not say who the $50 million buyers were (<em>The New York Times</em> has speculated that one is developer Harry Macklowe) but she did rattle off other impressive sales numbers.</p>
<p class="MsoNormal">“We’ve had three individual buyers buy apartments for between $40 million and $50 million,” Ms. Stribling said, “one between $30 million and $40 million; and four between $20 million and $30 million.&quot;</p>
<p class="MsoNormal"><a href="/2007/15-cpw?page=0%2C0">Fifteen Central Park West</a> has claimed its own hefty prices. The family of ex-Citigroup CEO Sandy Weill <a href="/2007/heres-you-mrs-weill-sandys-gal-gets-42-4-m-pad-15cpw">bought Penthouse 20 there</a> for $42.405 million, the third-highest official apartment sale ever in New York City. (The top is one of those Plaza sales, <a href="/2007/its-official-plaza-spread-goes-record-51-5-m">a $51.5 million purchase</a> by a still-unknown buyer; and the second is Rupert Murdoch’s $44 million buy in 834 Fifth Avenue.) Plus, hedge fund manager Daniel Loeb has reportedly purchased another Fifteen Central Park West penthouse for $45 million, though that deal has yet to close.</p>
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