One Madison is a luxury residential condominium tower located on 23rd Street between Broadway and Park Avenue South, at the foot of Madison Avenue, across from Madison Square Park in the Flatiron District of Manhattan, New York City. The building's main lobby and address will be at 23 East 22nd Street when construction of the lobby building is complete.
Although much of the area nearby is included in various historic districts – such as the Ladies' Mile Historic District, Gramercy Park Historic District and Madison Square North Historic District – the 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.
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. It features 360-degree views and contains 53 residential units, topped by an 6,850-square-foot triplex penthouse with a 586-square-foot wraparound terrace. The original asking price for the penthouse was $45 million, and was originally announced as including a butler with his own one-bedroom apartment on a lower floor. Prior to Related's take over of the buildng, the penthouse was under contract for $32 million, but that deal never closed.
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.
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 was somewhat less enthusiastic. Conceding that the tower was "not ugly", she wrote that the building is "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".
Interiors and amenities
When Related Companies took control of One Madison, about half of the units were finished, with interiors designed by Cetra/Ruddy, 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.
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 50' foot lap pool and steam room and a playroom for children. A full-time doorman is enhanced with concierge service.
- "One Madison Park" on Skyscraperpage.com. Accessed: 2010-12-09
- Smith, Michael Kirby. "Finally, One Madison Is Back" New York Times (September 12, 2013)
- Keil, Jennifer Gould. "Designer Vera Wang tours $50M triplex penthouse" New York Post (October 2, 2013)
- One Madison Park website
- Barbanel, Josh. "The Butler Could Do It" New York Times (November 25, 2007)
- Rubinstein, Dana (April 16, 2010). "One Madison Park to Receivership; Flood of Sales to Come?". The New York Observer. Retrieved 2010-05-15.
- Rubinstein, Dana "In the Shadow of the Boom", New York Observer (March 9, 2010)
- Smith, Stephen Jacob. "One Madison Park Lobby To Get Two Duplexes On Top". New York Observer. Retrieved 18 March 2013.
- Dailey, Jesica. "New Art for 1214 Fifth Avenue; 23 East 22nd Street Update" Curbed (January 28, 2013)
- "Coming Soon" on the Related Companies website
- Marino, Vivian. "Ziel Feldman" New York Times (January 8, 2013)
- "Manhattan Tower's Fate Resolved" Wall Street Journal (April 10, 2012)
- Oshrat Carmiel and Edmund Lee (2014-02-21). "Murdoch Buys 4 Floors of NYC Condo Tower for $57 Million". Bloomberg L.P. Retrieved 2014-02-21.
- Hana R. Alberts (2013-10-25). "Tom Brady, Gisele Bundchen Buy at One Madison for $14M". Curbed NY. Retrieved 2013-10-26.
- Ouroussoff, Nicolai. "Near-Empty Tower Still Holds Hope" New York Times (June 28, 2010)
- Troianovski, Anton, "Skyscraper Face-Off in Madison Square" on WSJ.com
|Wikimedia Commons has media related to One Madison.|
- Official website
- "One Madison Square" at Curbed.com
- "In the Shadow of the Boom" profile of the building's financial and legal problems on New York Observer
- Images on SkyscraperPage.com
- Image of the planned "companion" building on East 22nd Street designed by Rem Koolhaas
- "One Madison Park" on Architecture News Plus
- "CetraRuddy" on Architecture News Plus