One 57, 157 W 57th Street, New York, NY
May – August 2015
OWNER: Extell Development Company
75-story (marketed as 90-story) supertall skyscraper at 157 West 57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan, New York City. Upon completion in 2014, it stood at 1,005 feet (306 m) tall, making it the tallest residential building in the city for a few months until the completion of 432 Park Avenue. The building has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms, which is set to become the flagship Hyatt property.
The building’s developer is Extell Development Company, the contractor is Lend Lease Project Management & Construction, and the architect is Christian de Portzamparc. As of January 2015, it is home to the most expensive residence ever sold in New York City.[
DIF-NY provided a third party expert review of the project, as well as the company’s bidding and construction process, a review of the incoming bids and the bid leveling process for various trades, incoming invoices including change orders, projected and actual schedules, CM and subcontractors’ contracts. Besides specific findings for the process, DIF offered recommendations for improvement in the bid process, completion level of bid documents, possible problems in the contracts, etc.