Nearly half the apartments in the tallest seven residential towers in New York are currently empty, including Central Park Tower, completed in 2020 and the Western Hemisphere’s tallest residential building at more than 470 metres.
Development in the area began in the early 2010s with buildings such as One57, 432 Park Avenue and 220 Central Park South. All of them came to market within the same decade, with Central Park Tower also being advertised before completion.
