A Russian developer is creating a triple-digit penthouse across the street from Trump Tower, essentially dwarfing President Donald Trump’s personal penthouse triplex residence.
The Crown building, one of New York’s real estate jewels at 57th Street and Fifth Avenue, will be transformed into 20 Aman-branded condos — “crowned” by this $100 million-plus five story penthouse — and an swanky Aman hotel. The project is by billionaire developer Vladislav Doronin, the former boyfriend of supermodel Naomi Campbell.
Trump’s triplex is 10,996 square feet. Across the street, the Crown Building’s five-level home will measure nearly 14,000 square feet, according to new details released yesterday by the Real Deal. While the price has not been officially announced, it is expected to hit the market for more than $100 million, as Bloomberg first reported in October. New York has only sold one condo for more than $100 million in its history — the $100.5 million spread at luxury condo One57 in 2015.
This penthouse is not the only one on the market asking north of $100 million. It will join the Woolworth Tower’s $110 million crown jewel, as well as the $130 million penthouse palace at 520 Park Ave.
The Crown Building penthouse will feature two swimming pools — one indoor and one outdoor — a steam room (or Russian-style banya) and a piano lounge. It will also include a wraparound terrace, two kitchens and a full-floor master suite.
So far, only five Aman condo units have public asking prices. They range from $5.9 million for a one-bedroom to $58.3 million for a four-bedroom, a spokesperson says.
The hotel part of the building will feature 83 rooms, a spa, an Aman member’s club, a jazz club, a cigar bar and restaurants, Bloomberg reported.
Doronin launched the project with Michael Shvo, a broker who became an art dealer and then a developer. But after Shvo was indicted in 2016 for evading more than $1 million in state and local sales taxes associated with the purchases of fine art, jewelry and a sports car, Doronin’s OKO Group LLC took over development of the entire project, although Shvo retains an equity stake, a spokesperson says.